Earth Science Tech : Management Compensation - Form 8-K

Item 5.02(e) Compensatory Arrangements of Certain Officers

On September 29, 2023, Earth Science Tech, Inc., a Florida corporation (the "Company") adopted a new officer compensatory plan arrangement superseding its prior arrangement. For the officers Giorgio R. Saumat, the Company's CEO and Chairman of the Board shall be compensated twenty one percent of the Company's monthly revenue. For the officer Mario G. Tabraue, the Company's President and Director of the Board shall receive ten and a halfpercent of the monthly revenue. Commencing on October 1, 2023, within a twelve-month term, both Officers shall be paid on the first of the month, based on the preceding month's revenue as long as the Company increases its cash position quarter over quarter. In the event that the Company does not increase its cash position, the arrangement must be renegotiated and there will be no payment at the beginning of the new quarter. Moreover, both officers have agreed to waive all rights to back pay and compensation for the work done in the Company prior to September 30, 2023.