PROMISSORY NOTE


 


FOR VALUE RECEIVED, Entranet, Inc.,
a Florida corporation (the “Maker”), promises to pay to the order of Eleftherios Papgeorgiou, an individual (the “Holder”),
the principal amount of eighteen thousand ($18,000) for the payments made by Holder on the Maker’s behalf as set forth on
Exhibit A hereto, together with interest accrued on or before December 31, 2014. Maker may at any time prior to conversion, redemption
or repayment in full of this Note repay all or any part of said loans under this Note.


 


1. Interest.  The outstanding
principal balance of this Interest shall accrue on the outstanding principal balance of this Note at a fixed rate of four percent
(4%) per annum. Interest shall be calculated on the basis of a 365-day year.


 


2.  Interest Method Of Payment; Application.
Payments (including all prepayments) received  by Holder on this Note shall be applied first
to the payment of accrued and unpaid  interest and only thereafter to the outstanding principal balance of this Amended
and Restated Promissory Note.


 


3. Prepayment. Maker may prepay the
principal and accrued interest due at any time without penalty.


 


4. Notices. All notices or other communications
required or provided to be sent by either party shall be in writing and shall be sent by: (i) by United States Postal Service,
certified mail, return receipt requested, (ii) by any nationally known overnight delivery service for next day delivery, (iii)
delivered in person or (iv) sent by telecopier or facsimile machine which automatically generates a transmission report that states
the date and time of the transmission, the length of the document transmitted and the telephone number of the recipient’s
telecopier or facsimile machine (with a copy thereof sent in accordance with clause (i), (ii) or (iii) above).  All notices
shall be deemed to have been given upon receipt. All notices shall be addressed to the parties at the addresses below:


 


To the Maker: 101 Plaza Real South,
St. 202N, Boca Raton, 33432 FL USA


 


To the Holder:  44 Plateon Street,
54249 Thessaloniki Greece


 


6. Governing law. This Note shall be
governed by, and shall be construed and interpreted in accordance with the laws of the State of Florida, without giving effect
to the principles of conflicts of laws thereof.


 


7. Entire agreement. This Note constitutes
the entire agreement between the parties with respect to the subject matter hereof and may not be modified, amended, or changed
except in writing.  


 


8. Benefits; binding effect.  This
Note shall be for the benefit of, and shall be binding upon, the Maker and the Holder and their respective successors and assigns.


 


9. Headings. The headings contained
in this Note are for reference purposes only and shall not affect in any way the meaning or interpretation of any or all of the
provisions hereof.


 


IN WITNESS WHEREOF, the undersigned
have executed this Note as of June 18, 2014.


 


Entranet, Inc.


 


/s/Eleftherios Papageorgiou


Eleftherios Papageorgiou, CEO


 


/s/Eleftherios Papageorgiou


Eleftherios Papgeorgiou, Holder


 



EXHIBIT A


 


	Date	 	Amount	 	Receipt
	 	 	 	 	 
	April 16, 2014	 	$12,000	 	Todd
Feinstein
	June 18, 2014	 	$ 6,000	 	Todd
Feinstein