EXHIBIT 10.2


 


Executive Employment Agreement


 


This EMPLOYMENT
AGREEMENT (“Agreement”) is entered into as of the 1st of August, 2015
by and among Growblox Sciences, Inc. a Nevada Corporation (“the Company”) and Sandra Tiffany,
an individual (the “Executive”).


 


WHERE AS,
The Company desires to employ the Executive as the General Manager of GB Sciences Nevada, LLC;


 


WHERE AS,
the Executive desires to accept employment as the General Manager of GB
Sciences Nevada, LLC;


 


NOW,
THEREFORE, in consideration
of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency
of which hereby are acknowledged, the parties hereto agree
as follows:


 


1.          Employment Agreement:
On the terms and conditions in this agreement, the Company agrees to employ the Executive and the Executive agrees to continue
to be employed by the Company for the Employment Period (see Term; 2)
and in the position (see Position and Duties; 4).


 


2.          Term: The
initial term of employment under this agreement shall be for a period beginning August 1, 2015
(“Effective Date”)
and shall be one year from the date hereof and shall continue from year-to-year. On each annual anniversary thereafter (such date
and each annual anniversary thereof, a (“Renewal Date”),
the Agreement shall be deemed to be automatically extended for successive periods of one year
unless the Company or the Executive provides notice of its intention not to extend the term of the Agreement at least 15 days prior
to the applicable Renewal date. The period during which the Executive is employed by the Company hereunder is hereinafter referred
to as the “Term” or the “Employment Period.”


 


3.          Termination:


 


By the
Company: In the event that the Company chooses to terminate it may do so at any time,
however the Executive will be entitled to a three month severance if this agreement is terminated
during the first year of employment. The Executive is entitled
to a four month severance if this agreement is terminated during the second year of executive employment. The Executive is entitled
to a six month severance if this agreement is terminated during the third or any subsequent year of Executive employment.


 


Cause,
the Company may terminate the Executives’ employment for Cause or without Cause. If the company terminates the Executive’s
employment without Cause, the Company shall not be required to give advance notice. Cause shall be defined as breach of fiduciary
duty, conviction of or plead or guilty or nolo contendere
to a felony that may adversely effect the company’s reputation, breach of a material provision of this Agreement or repeated
failure to perform her material duties hereunder, after
demand or performance is s delivered by the Company that identifies the manner in which the company believes that the Executive
had not performed her material duties.


 


By the Executive:
The Executive may terminate employment for any reason or for no reason. If
the executive terminates employment without Good Reason, then she shall provide notice to the Company at least 10 days prior
to Date of Termination. Any material diminution of the Executives title, responsibilities,
reporting relations, duties,
status, role authority of responsibilities will be discussed
prior to such diminution occurring.


 






    	 



    	 



    

 


Any termination
of the Executive’s employment by the Company or the Executive (other than because of the Executive’s death) shall be
communicated by Notice of Termination to the other party in accordance with the requirements of this Agreement. For purposes of
this Agreement, a “Notice of Termination” shall
mean a notice which shall indicate the specific termination provision in this Agreement and shall set forth in reasonable details
the facts and circumstances claimed to provide a basis for termination of the Executives” employment.


 


4.          Positions and Duties


 


(a)          Executive
positions. During the Employment Period, the Executive
shall serve as the General Manager of GB Sciences Nevada, LLC. In
such capacities, the Executive shall report to the Company’s CEO and perform the duties and responsibilities as the CEO from
time to time determine to assign to the Executive. The
Executive’s employment shall be subject to the policies maintained and established
by the Company, as the same may be amended from time to time. The
Executive acknowledges and agrees that the Executive owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times
in the best interests of the Company and to do nothing that would intentionally injure the business, interests,
or reputations of the company or its subsidiaries and affiliates. In keeping with these duties,
the Executive shall make full disclosure to the 
all business opportunities pertaining to the business of the company and shall not appropriate
for the Executive’s own benefit business opportunities that fall within the scope of the businesses conducted by the Company.


 


(b)          Duties:
The General Manager’s
duties are to meet or exceed the goals, targets,
performance indicators and objectives set by the organization within a specific time on an
approved budget by utilizing resources available efficiently.


 


(c)          Job:
The General Manager’s works with the CFO,
legal and CEO of the organization. The General Manager works with the CEO to finalize the organizations
business plans and budgets, communicates and works with governmental agencies to assure compliance
is met, helps co-ordinate which products are produced by the various GB Sciences Nevada entities,
over sight regarding sales and distribution of the products produced, works with marketing
and assures Standard Operating Procedures are developed for each entity. Will
manage the cultivation and production facilities for the recruiting, hiring and training of employees. The compliance of the cultivation
and production facilities are the General Manager’s responsibility.


 


5.          Compensations and Benefits


 


(d)          Base
Salary. Commencing on the Effective Date, the Company
shall pay to the Executive a base salary at the initial are of $72,000
per calendar year (‘‘the Base Salary”)
and prorated for any partial year. The Base Salary shall be reviewed
for increase no less frequently than annually and may be increased at the discretion of the CEO and/or Board. Any such increase
in Base Salary shall constitute the “Base Salary”
for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Company’s
regular payroll procedures and policies in effect from time to time. The Executives Base Salary may not be decreased during the
Employment Period.


 


(e)          Stock
Options. The Executive will receive stock options pursuant to the Company’s
2015 plan, and any subsequent plans, in the amount of 300,000
stock options. The stock options price is set according to the stock price on the day of hire. Duration, exercise price and other
ancillary terms will all be governed by the terms of the Plan pursuant to which the options are issued. These options will vest
monthly in equal amounts over the course of 30 months commencing in the seventh month of the Executive’s
employment pursuant hereto, but if the Company terminates this agreement at any time any options that remain unvested will be canceled,
and all vesting will cease upon such termination. At the end of the third year of employment with the company salary, stock options
and other compensation will be renegotiated in good faith between the parties.


 






    	 



    	 



    

 


(f)          Nevada’s
Operations Bonus Pool. The Executive will be entitled to participate in the Company’s Nevada Operations Bonus Pool, which
will be announced and rendered precise prior to the anticipated commencement of cultivation and productions operations in the fourth
quarter of this year. The Executive’s participation in the bonus pool will be such that if the Nevada Operations achieve
90% of annual projected earnings, the Executive’s bonus will equal the annual salary. When the Nevada Operations achieve
100%+ of annual projected earnings, the bonus pools allows for additional compensation to the Executive. The CEO and General Manager
of GB Sciences Nevada, LLC will define the bonus pool structure
and policies.


 


(g)          Employee
Benefits. During the Employment Period, the Executive
shall be entitled to participate in all employee benefit plans, practices
and programs maintained by the Company, as in effect from
time to time, that are generally made available to Executives
of the Company. The Executive shall be entitled to: (i) 14 working days of vacation per year, (ii) automobile mileage,
(iii) health care insurance, and (iv) expenses.


 


(h)          Business
and Travel Expenses. The Executive is expected and is authorized to incur reasonable expenses in the performance of her duties.
The Company shall reimburse the Executive for all such
expenses and actually incurred in accordance with policies which may be adopted from time to time by the Company. The Executive
will present an itemized account of such expenses to be
submitted for CEO approval.


 


	/s/ Sandra Tiffany	 	August 14, 2015	 	Agreed:	 
	Sandra Tiffany	 	Date 	 	/s/ Craig Ellins	 
	 	 	 	 	Craig Ellins, CEO