Summary of Oral Agreements Between Andrii Guzii and Strong Solutions Inc.
Andrii Guzii and Strong Solutions Inc. have an oral agreement where Mr. Guzii will either advance $25,000 in funds or loan construction equipment of equal value to the company if it needs additional capital, with Mr. Guzii deciding which option to provide. Additionally, Mr. Guzii has agreed to lease 300 square feet of office space to the company at no cost for one year, ending June 18, 2016. After the lease expires, Mr. Guzii may choose to renew the lease or find another tenant.
Summary of Oral Agreements Between Andrii Guzii and Strong Solutions Inc. (“The Company”)
Agreement to Advance Funds:
Mr. Guzii has orally agreed to advance funds to the company in the amount of $25,000 in the event that the company should need additional capital to continue operations. In the alternative, Mr. Guzii has orally committed to loan the company construction equipment valued at $25,000 to be used in the company’s equipment rental business if that will be more helpful to the company. However, Mr. Guzii is only obligated to provide one of the aforementioned advances. If the company does require this advance from Mr. Guzii, he shall retain sole discretion over which loan to give the company.
Agreement to Lease Executive Office Space:
Mr. Guzii has orally agreed to lease office space to the company for their principal operations. Mr. Guzii has agreed to lease the space of approximately 300 square feet to the company at no cost for a term of one year, with the lease term expiring on June 18, 2016. Upon expiration of the lease, Mr. Guzii shall have the option to pursue another tenant or renew the lease agreement with the company on the same terms.
