Section 5 - Corporate Governance and Management

Item 5.02(e) Compensatory Arrangements of Certain Officers

On January 12, 2017, the Board of Directors of Eco Tek 360, Inc., a Nevada corporation (the "Company") approved the hiring of Paul Serbiak, one of the Company's directors and its current Chief Operating Officer, as the Chief Executive Officer of the Company.  There initial term of the employment contract is five years, with employment to continue on an at will basis thereafter.

Although Mr. Serbiak's duties as Chief Executive Officer shall begin immediately, his salary shall not be earned or payable until such time that the Company raises at least $2,000,000 in its upcoming private placement.  The base salary for Mr. Serbiak shall initially be set at $90,000 per year, but has the potential to incrementally increase up to $200,000 per year based on the Company achieving certain revenue goals.  Moreover, Mr. Serbiak's contract provides for a minimum annual bonus of thirty-percent(30%) of his base salary, but gives the Company the discretion to award an annual bonus of up to three-hundred-percent(300%) of his base salary.

As a signing bonus, Mr. Serbiak received 1,500,000 options to purchase shares of the Company's common stock that are exercisable for a period of ten years at the market close price on December 31, 2016.  In  addition, Mr. Serbiak's contract provides for up to ten incentive stock option awards of 1% of the shares of common stock outstanding $1,000,000 in net income received by the Company over the next ten years.  Such options would be exercisable at the closing bid price for the ten days preceding the Company's achievement of each award milestone.

Mr. Serbiak does not have any family relationships with any other director or officer of the Company, and there are no transactions in which the directors have an interest requiring disclosure under Item 404(a) of Regulation S-K.