Agreement


 


This agreement (the “Agreement”)
is made by and between Entranet Inc. a Florida corporation (hereafter “ENTRANET”);
and Mr. Eleftherios Papageorgiou, an individual residing in Thessaloniki, Greece (hereafter “CEO” and collectively
with “ENTRANET” the “Parties) on this 15th day of May 2014 (the “Effective Date”).


 


Whereas
ENTRANET is in the process of building its corporate structure, developing its U.S business and Going Public on the OTC-QB, and
requires management and oversight of its day-to-day operations. 


 


Whereas
ENTRANET requires a full-time employee to perform certain services required for its corporate, U.S business and Going Public Transaction
day-to-day management and CEO desires to perform such services as its full-time Chief Executive Officer. 


 


 


NOW THEREFORE
INTENDING TO BE LEGALLY BOUND, THE PARTIES AGREE AS FOLLOWS:


 


		1.	The Parties agree that they shall work together to: 



 


		·	Implement ENTRANET’s
business plan and advance ENTRANET’s U.S business; and 



		·	Develop ENTRANET’s
investor base and establish ENTRANET’s investor network and profile to the investment community. 



 


The Parties agree that the CEO will
offer its services (the “Services”) exclusively to ENTRANET for a period of nineteen-and-a-half months starting on
May 15th 2014 and ending on December 31st 2015 (the “Term”), and that the CEO will allocate up
to 200 (two hundred) hours per month on average during the Term.


 


		2.	In particular, the Parties agree to the following individual
tasks and responsibilities:



 


(A)
ENTRANET will provide all necessary management and administrative assistance to support the implementation of its business plan
and the roll-out of its U.S business, investor relations and investment plans. 


 


(B)CEO
will lead the management of ENTRANET and will be responsible for the business results. This includes responsibility over
all operations, developments, technology. CEO will be responsible for all procedures within the company, including the creation
and implementation of the business strategy, coordination of activity with all relevant divisions, constantly improving the synergy
between different parts of the business. CEO will be responsible to demonstrate speedy business growth, and will update the shareholders
with the results on a regular basis. CEO will be responsible for the full team efforts and results.


 


(C)CEO
will oversee all administration, financial and commercial matters of ENTRANET, as well as marketing efforts and day-to-day business
development, and will work closely with ENTRANET’s consultants, clients and third-party associates.


 


(D)Such
other Services and assistance as CEO and ENTRANET will mutually deem reasonably necessary or appropriate to enhance ENTRANET’s
business.


 



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		3.	ENTRANET will pay to CEO a) a salary of USD 5,000 (five thousand
United States Dollars) per month for the Term –i.e. a total of USD 97,500 (ninety seven thousand five hundred United States



Dollars)
and b) an incentive fee of 62,500 (sixty two thousand five hundred) shares of unregistered ENTRANET common stock (the “Shares”).


 


ENTRANET will pay CEO from investor
equity and/or loan facilities and/or its operating profits. In case ENTRANET pays CEO from its operating profits, ENTRANET will
allocate a minimum 9% (nine percent) of such operating profits until USD 97,500 is reached.


 


ENTRANET may pay CEO applicable
bonuses in addition as are awarded by the Board of Directors from time to time based on performance, which may either be paid in
stock or cash at the discretion of the Board.


 


Said
salaries and fees are cumulative and net of expenses, taxes and withholdings, if any, and do not include additional fees
which may be necessary from other professional advisors or regulatory agencies or other agreements between the Parties.


 


The Shares will be issued in the
name of CEO and constitute a commencement incentive and consideration now earned, due and owing to CEO for entering into this Agreement
and allocating its resources to ENTRANET’s account for the Term. ENTRANET acknowledges that CEO must forego other opportunities
to enter into this Agreement. As such, the Shares are irrevocably earned as of the Effective Date, and ENTRANET agrees that it
will take no action to cause the Shares to become canceled, voided or revoked, or the issuance thereof to be voided or terminated.


 


		4.	The Parties, together with their managers and associates,
agree that all steps taken to prepare and implement each transaction will be done transparently, comprehensively, and legally.
The Parties shall not misrepresent information or seek to generate an unfair advantage among the parties involved. Any and all
vital and material information held over each transaction will be immediately and verifiably disclosed to the other Party.



 


		5.	The Parties shall not accept projects or clients which involve
business activities or revenue from illegal or unethical sources, including terrorism, money laundering, drugs and narcotics, weapons
sales, human trafficking, counterfeit products, trade in illegal materials or protected species, etc. The Parties shall take all
steps to screen the clients and other parties involved in every transaction as part of their due diligence and investment or operations
preparation work. Any indication of revenue from illegal activity, or any indication that the clients or other parties are involved
in illegal activity, will be immediately set forth in writing to the Parties, and a decision will be made on whether or not to
continue the respective transaction. 



 


		6.	In the case CEO must incur significant additional work or
expenses relating to the Services as defined herein, the Parties may agree to make other provisions for this work or expenditure.
Any such agreement shall be determined in writing and in advance, with the signed acceptance of the Parties. 



 


		7.	ENTRANET is responsible for all and any expenditure made
under this Agreement. This expenditure may include, but is not limited to, salaries and wages, overhead expenses, consultancy fees,
travel, accommodation, meals etc. ENTRANET shall reimburse all such reasonable expenses incurred by CEO and approved by
ENTRANET.



 



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		8.	The Parties agree to respect the confidentiality of the operations
within the present Agreement. All written communications will be safeguarded and addressed only to the principals of each transaction.
The Parties will not disclose the contents of this Agreement and the confidential information to any person or entity other than
the necessary parties, except as required by law.



 


		9.	The Parties agree that any changes or revisions to this Agreement
and any supplemental Agreements shall only be done in writing with the prior agreement of the Parties. 



 


		10.	In case any one or more of the provisions contained in this Agreement shall, for any reason, be
held to be invalid, illegal, or unenforceable in any respect, the validity, illegality, or unenforceability shall not affect any
other provision, and this Agreement shall be construed as if the invalid, illegal, or unenforceable provision had never been in
it.



 


		11.	The Parties agree to work together to implement this Agreement
professionally, transparently and ethically. 



 


 


 


	
        For Entranet Inc.

         

         

        Eleftherios Papageorgiou

        Chief Executive Officer
	
        For Eleftherios Papageorgiou

         

         

        Eleftherios Papageorgiou




 




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