{"url_path":"/sec/cik-0001566243/10-k/2026/item-13","section_key":"item-13","section_title":"Item 13 Certain Relationships and Related Transactions, and Director Independence**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-10","source_url":"https://www.sec.gov/Archives/edgar/data/1566243/0001753926-26-000995-index.html","accession_number":"0001753926-26-000995","cik":"0001566243","ticker":null,"issuer_name":"Arax Holdings Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1566243/0001753926-26-000995-index.html","primary_entity_key":"0001566243","primary_entity_name":"Arax Holdings Corp"},"word_count":162,"has_tables":true,"body_markdown":"**ITEM\n13. Certain Relationships and Related Transactions, and Director Independence**\n\n \n\nThe\nCompany had the following material related-party transactions during the years ended October 31, 2024 and 2023 (see Notes 4, 5,\n8, 11 and 12):\n\n●Revenue\nfrom Gut Moravia (related party): $301,750 (2024) and $0 (2023).\n\n●Advances\nfrom an entity controlled by the Chairman: $157,756 outstanding as of both October 31, 2024 and October 31, 2023.\n\n●Acquisition\nof Core Business Holdings accounted for as a common-control transfer under ASC 805-50 (see Note 5).\n\n \n\nAll\nrelated-party transactions were on terms consistent with arm’s-length dealings and were approved by the Board of Directors.\n\n \n\nDirector\nIndependence\n\n \n\nThe\nCompany is a smaller reporting company and currently has four directors: Michael Pieter Loubser Christopher D. Strachan., Ockert\nCornelius Loubser, and Rastislav Vasicka No director is considered independent under the independence standards of NASDAQ or the\nNYSE because of their executive officer positions and significant shareholdings. The Board performs the functions of the audit,\ncompensation, and nominating committees**.**"}