Attached files

file filename
S-1 - FORM S-1 - Worksport Ltdfnhi_s1.htm
EX-5.1 - OPINION OF MATTHEW MCMURDO - Worksport Ltdfnhi_ex51.htm
EX-10.3 - FORM OF SHARE ISSUANCE AGREEMENT - Worksport Ltdfnhi_ex103.htm
EX-10.5 - SETTLEMENT AGREEMENT - Worksport Ltdfnhi_ex105.htm
EX-10.6 - BUSINESS SERVICES AGREEMENT, BY AND BETWEEN 1369781 - Worksport Ltdfnhi_ex106.htm
EX-10.8 - SERVICES AGREEMENT, BY AND BETWEEN MARCHESE AND FNHI - Worksport Ltdfnhi_ex108.htm
EX-10.4 - FORM OF SUBSCRIPTION AGREEMENT - Worksport Ltdfnhi_ex104.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - Worksport Ltdfnhi_ex231.htm
EX-10.7 - BUSINESS SERVICES AGREEMENT, BY AND BETWEEN 2224342 - Worksport Ltdfnhi_ex107.htm
EX-10.9 - SERVICES AGREEMENT, BY AND BETWEEN JAAM AND FNHI - Worksport Ltdfnhi_ex109.htm

EXHIBIT 10.2

 

Addendum to the Advisory Agreement

 

This addendum, dated May 4, 2015, forms part of the original advisory agreement entered into by the Truxmart Ltd. (the "Company") and Belair Capital Partners, Inc. ("Belair") The information below summarizes the salient terms and conditions agreed to by the parties to this Addendum.

 

1) Joseph J Duggan Chairman and CEO, and 100% shareholder of Belair originally entered into an advisory agreement that provided for a monthly fee of $5,000.00 month. Given that there was significantly more time allocated to this project than anticipated due to the complexities of all the relevant cross border tax, accounting, regulatory and compliance issues, it was agreed to amend the agreement to an hourly billing.
   
2) The specifics of the mandate and work performed are detailed in the main agreement.
   
3) The billing is charges at $250.00 per hour. Belair, and Stevaper Holdings Inc., on behalf of Belair, has accumulated 1200 hours of unpaid billings
   
4) It has been agreed to by the parties that Belair will waive its right of payment in exchange for and will accept shares in the aggregate amount representing 4.99% of the issued and outstanding shares as full and final settlement of the accrued fees owing to Belair as the Company does not have the resources to pay the fees and is further agreed that Belair will accept the shares at the same prices that the Company sold to investors in February of 2015, pursuant to Rule 506(b)
   
5) As previously mentioned, Stevaper Holdings Inc. has also provided services to the Company, on behalf of Belair, and, therefore, Belair and Stevaper Holdings Inc. agree to share equally in the settlement of the aforementioned 4.99% of the issued and outstanding shares of the Company.
   
6) It has been further agreed that the stock is issued on the basis that it will have full Piggy Back registration rights.

 

Agreed to by Belair Capital Partners Inc. - Joseph J Duggan, CEO 

 

/s/ Joseph J. Duggan                                                      

With authority to bind the company

 

Agreed to by Stevaper Holdings Inc. - William Car, CEO 

 

/s/ William Car                                                                

With authority to bind the Company

 

Acknowledged and accepted by Steven Rossi, CEO 

 

/s/ Steven Rossi                                                               

With authority to bind the Company