Document:

Distribution
Agreement - Entranet Limited & Entranet Inc.

 

This Agreement is effective this 30th
day of June, 2014 (“Effective Date”), by and between Entranet Limited, a corporation organized and existing under the
laws of Greece (“Manufacturer”), and Entranet Incorporated, a corporation organized and existing under the laws of
the United States (“Distributor”).

 

WITNESSETH

 

WHEREAS Manufacturer wishes to appoint Distributor
to sell the Product in the United States and Europe, and Distributor is willing and able to import, promote, distribute, and sell
Product under the Trademarks in the United States and Europe.

 

NOW, THEREFORE, the parties, under ARTICLE
XIX of the Distribution Agreement, intending to be legally bound agree to AMEND
the following:

 

The sole purpose of this addendum is to include
the distribution of Entranet Limited products and services, a company formed under the laws of Greece, in Europe by Entranet, Inc.,
a corporation formed under the laws of the United States. The following provision have been modified to include the territorial
area Europe.

 

1.1 Product or Products means any and all
Entranet Limited products and services available to the U.S. and European markets under this agreement and the laws of the
U.S.

 

4.1 Distributor shall register the Product
with the regulatory authorities of the United States and applicable European nations, if necessary.

 

5.1 Distributor agrees that Manufacturer
shall be Distributor’s sole supplier of Products and agrees that it will distribute only Products in the United States
and Europe purchased from Manufacturer.

 

8.1 Distributor undertakes at its own expense
to actively promote the Products in the United States by the best legal and appropriate means and to retain appropriate sales staff
and representatives to assure an effective promotion of the Products. Distributor shall further place, at its own expense, promotional
advertisement and marketing materials for on the Products.

 

10.3 Distributor agrees to use its best efforts
to successfully market and distribute Products

from Manufacturer in the United States and
Europe on a continuing basis during the term of this Agreement and to comply with good business practices and all laws and
regulations relevant to this Agreement or the subject matter hereof.

 

Any and all other provisions made not listed
above to this Agreement shall only be valid if they are dually recognized as to include the territorial distribution of Europe
by Entranet, Inc.

    	Page 1 of 2

    	Distribution Agreement Addendum - Entranet Limited & Entranet Inc.

    

 

IN WITNESS WHEREOF the parties hereto have caused these presents
to be executed in triplicate by their duly authorized officers.

 

	For Manufacturer: Entranet Limited	 	For Distributor: Entranet
Incorporated
	
        /s/ Eleftherios Papageorgiou
	
        
	

        /s/ Eleftherios Papageorgiou

	By: Eleftherios Papageorgiou	 	By: Eleftherios Papageorgiou
	Date: 6/30/2014	 	Date: 6/30/2014
	 	 	 

 

 

 

 

    	Page 2 of 2PROMISSORY 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
FeinsteinAgreement

 

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.

 

		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

    	Agreement between Entranet Inc. and Eleftherios Papageorgiou	 	CONFIDENTIAL

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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.

 

		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. 

 

    	Agreement between Entranet Inc. and Eleftherios Papageorgiou	 	CONFIDENTIAL

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		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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	Agreement between Entranet Inc. and Eleftherios Papageorgiou	 	CONFIDENTIAL

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