EXHIBIT 10.3
 
UNANIMOUS CONSENT OF
THE BOARD OF DIRECTORS OF GILLA INC.
A NEVADA CORPORATION

The undersigned, being all of the Directors of GILLA Inc., a Corporation
incorporated in the State of Nevada, (the “Corporation”), do hereby authorize
and approve the actions set forth in the following resolution, and do hereby
consent to the following actions of the Corporation, which actions are hereby
deemed effective as of the date hereof:

WHEREAS the Corporation is acquiring Snoke Distribution Canada Ltd. (“Snoke”)
under the terms and conditions set forth in the attachments to this consent
document (“Schedule A”); and,

WHEREAS  the Corporation has completed a Private Placement of common shares of
the Corporation for gross proceeds of a minimum of $250,000 and a maximum of
$500,000; and,

WHEREAS the Corporation is indebted to Credifinance Capital Corp. (“CFCC”), a
Delaware Corporation, in the amount of $275,000 as reflected by a Credit Note
dated April 15, 2011, issued pursuant to a loan agreement of same date (“CFCC
Loan Agreement”);

RESOLVED, that the Corporation instruct its stock transfer agent, OTC Stock
Transfer Inc., to  issue shares in the common stock of the Corporation to the
shareholders of Snoke in the amounts stipulated in the schedule attached to this
consent document (“Schedule B”); and,

RESOLVED, that the Corporation instruct its stock transfer agent, OTC Stock
Transfer Inc., to issue shares in the common stock of the Corporation to the
subscribers to the Private Placement in the amounts stipulated on the schedule
attached to this consent document (“Schedule C”), such shares to bear a
restrictive legend in accordance with the regulations of the United States
Securities & Exchange Commission (“SEC”); and,

RESOLVED, that CFCC Loan Agreement be terminated and that the Corporation enter
into a new loan agreement with CFCC and that a new Credit Note reflecting the
terms and conditions set forth in the attachments to this consent document
(“Schedule D”) be issued; and,
 
RESOLVED, that the Corporation accept the resignations of the following: Georges
Benarroch, President and Director; Daniel Barrette, Chief Operating Officer and
Director; Linda Kent, Corporate Secretary and Director, and;

RESOLVED, that the following nominees be appointed as Directors of the
Corporation: Ernest “Ernie” Eves, Graham Simmonds, Danny Yuranyi; and,

RESOLVED, that the Corporation make such regulatory filings as may be required
within the time frame mandated.
 
 
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IN WITNESS WHEREOF, the undersigned have executed this consent, this 15th day of
November, 2012.
 
By:
/s/ Georges Benarroch   Name:  Georges Benarroch        
By:
/s/ Daniel Barrette   Name:  Daniel Barrette        
By:
/s/ Linda Kent   Name:  Linda Kent        
By:
/s/ Stanley D. Robinson   Name:  Stanley D. Robinson  

 
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SCHEDULE A
Acquisition Documents
 
 
 
 

 
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SCHEDULE B

Shares to Be Issued to Snoke
 
 

Shareholder Name    # of Shares   Residential Address

 
 
 
 
 
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SCHEDULE C

Shares to be Issued Pursuant to Private Placement
 
 

Shareholder Name    # of Shares   Residential Address

 
 
 

 
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SCHEDULE D

Credit Note Issued to Credifinance Capital Corp.
 
 
 
 
 
 
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