AgreementforAppointmentasCorporateSecretary
THISAGREEMENTmadeasofthe25thday of April2016,betweenStrateanInc.acorporationincorporatedunderthelawsoftheStateofNevada (the"Company");andTodd Thompson("Mr.Thompson").
WHEREAStheCompanydesirestoobtainthebenefitofthe servicesofMr.Thompson,andMr.
Thompsondesirestorendersuchservicesonthetermsandconditionssetforth.
INCONSIDERATIONofthepromises andothergoodandvaluableconsideration (thesufficiencyandreceiptofwhichareherebyacknowledged)thepartiesagreeasfollows:
1. | Services |
Mr.Thompsonagreesthathewillatalltimesfaithfully,industriously,andtothebestofhisskill,ability, experienceandtalents,performallofthedutiesrequiredofhisposition.Incarryingoutthesedutiesandresponsibilities,heagreesto complywithall legaland Companypolicies,procedures, rulesandregulations,bothwrittenandoral,asarerequiredbyanyregulatingbodyandasannouncedbytheCompanyfromtimetotime.Itisalso understood andagreedtobyMr.Thompsonthathisassignment,dutiesandresponsibilitiesandreporting arrangementsmaybechanged bytheCompanyinitssolediscretionwithoutcausingterminationofthisagreement.
2. | PositionTitle |
AstheCompanySecretary,Mr.Thompsonisrequiredtoperformthefollowingdutiesandundertakethefollowingresponsibilitiesinaprofessionalmanner:
a) | ActasanofficeroftheCompanythroughthepositon ofSecretary. |
b)PerformdutiesascommonlyexpectedoftheSecretary.
c) | AssisttheCompanywiththeduediligenceprocessrelatedtoraisingcapitalinexempt privateplacementofferings. |
d)Mr.Thompsonwillberesponsibleforsettinghisownschedule.
3. | Compensation |
a) Asfullcompensationforallservicesprovidedtheemployeeshallreceivenofixedsalarybutwillbecompensatedbaseduponoverallperformanceanduponsuccessfulcompletionofasignificantcapitalraise.
b)CompensationwillbeamixofsharesoftheCompany’s$0.001parvaluecommonstockandcash.
c)Thecompensationunderthisagreementshallnotexceed150,000sharesofCommonstockand
$150,000incash.
d)Allreasonableexpensesarising outofagreementshallbereimbursedassumingsame havebeen
authorizedpriortobeing incurredandwiththeprovisionofappropriatereceipts.
4. | Consultant |
Allpartiesacknowledgethatforbothfederalandstatetaxpurposes,Mr.ThompsonwillbetreatedasanindependentConsultantandwillberesponsibleforalltaxesthatarisefromcompensationreceivedfromtheCompany.
5. | Non-compete |
AllpartiesacknowledgethatMr.Thompsonisanindependentconsultantmayalsoparticipateinotherbusinessarrangements.Duetothepotentialconflictofinterestthatmay ariseMr.Thompsonagreestoactingoodfaithandagreesto notobstructorinterfere withanybusinessdealingoftheCompany. Inthecasethat amaterialconflictofinterestarisesMr.ThompsonagreestonotifytheBoardofdirectorsimmediately.Mr.Thompsonacknowledgesthathemayhave accesstoprivileged orconfidentialinformationheagreestonotdisclosesaidinformation.
6. | Serviceterm |
Thisagreementwillhaveaninitialtermof180days. UponexpirationtheCompanywillevaluatetheperformanceandretainstheright toputalongtermagreementinplacetobemutuallyagreeduponbyallparties.
7. | Laws |
Thisagreementshallbegovernedbythe LawsoftheStateofNevada
IN WITNESSWHEREOFthe employerhascausedthisagreementto beexecutedbyitsduly
authorizedofficersandMr.Thompson.
/s/ Todd Thompson
Mr.ToddThompson
Date:04/26/2016
/s/ S. Matthew Schultz
Mr. S. Matthew Schultz, CEO
Date:05/02/2016
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