Service Agreement Between Arazu, Inc. and Elliott Polatoff
Arazu, Inc., a Florida corporation, and Elliott Polatoff have entered into an agreement where Mr. Polatoff will provide business advisory, staffing, premises search, liaison, strategy, and project management services to Arazu, Inc. from April 1, 2014, to September 30, 2014. In return, Mr. Polatoff will receive 1,020,000 shares of Arazu, Inc. common stock (issued upon signing) and $5,000 per month, with the cash portion payable monthly or accrued by mutual agreement. Mr. Polatoff is considered an independent contractor, not an employee.
This correspondence confirms the agreement entered into by and between Arazu, Inc., a Florida Corporation (the “Company”) with and Elliott Polatoff, an individual (the “Service Provider”).
Whereas, the Service Provider shall perform certain services (the “Services”) rendered to the Company and desires to be compensated for such services in cash and shares of common stock of the Company (the “Common Shares”) and the Company desires to compensate the Service Provider with cash and Common Shares as set forth herein. Now therefore, in consideration of the mutual promises and covenants the Company and Service Provider acknowledge and agree as follows:
1.
Service Provider is to provide the following services to the Company:
a.
Advise on US business operations
b.
Assistance with finding local staff
c.
Assistance in finding suitable local premises
d.
Liason with any US based staff, contractors or interested parties after UK hours
e.
Help is developing business strategy
f.
Project Management Services
2.
The Services Provider is to commence the Services on April 1st 2014 and completed the Services on September 30th 2014.
3.
The Services are to be provided in a professional and workman like manner in accordance with good industry practices.
4.
The Service Provider is an independent contractor and not an employee or agent of the Company. The Company did not, will not and is not required to make social security, workers’ compensation, or unemployment insurance payments on behalf of the Service Provider.
5.
As payment for the services, the Service Provider shall receive 1,020,000 of the Common Shares in total plus $5,000 per month. The shares shall be issued upon signing. The cash portion is earned monthly, but can be accrued until the contract is complete by mutual agreement.
6.
Upon issuance the Common Shares shall be validly issued, fully paid and non-assessable.
Agreed and Accepted on this 1st day of March 2014.
Arazu, Inc.
By :________________________ (Signature)
Paul Clewlow (Print Name)
Service Provider
By : ________________________ (Signature)
Elliott Polatoff (Print Name)
