NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS
Arax Holdings Corp. (the
“Company”) was incorporated under the laws of the State of Nevada on February 23, 2012 with a business plan to sell hot dogs
from mobile hot dog stands throughout the major cities in Mexico. As of the filing of the 10K for 2016, the Company stated that it was
re-evaluating its business plan.
It was further indicated
as possible that a new business model could be related to a new business sector other than the food sector, and that any new business
model could entail a capital restructuring of the Company in order to provide new capital and a broader base of shareholders. Such a capital
restructuring of the Company could involve a merger or acquisition of assets through various techniques, including a possible reverse-merger.
On October 31, 2016 management believed that the best business model for our investors is to pursue business activity in the Life Sciences
sector of the United States and possibly internationally.
The Company has been dormant
since September 28, 2017.
On December 30, 2020, as a result of a custodianship
in Clark County, Nevada, Case Number: A-20-825346-B, Custodian Ventures LLC (“Custodian”) was appointed custodian of the “Company”.
On the same date, Custodian appointed David Lazar as the Company’s Chief Executive Officer, President, Secretary, Chief Financial
Officer, Chief Executive Officer and Chairman of the Board of Directors.
The Company’s accounting year-end is October 31.
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