NUSTATE
ENERGY HOLDINGS, INC.


 


EXECUTIVE
EMPLOYMENT AGREEMENT


 


This
Executive Employment Agreement is entered into by and between NuState Energy Holdings, Inc. (“Employer” or “NuState”)
and Scott Wroblreski (“Employee”), to be effective on March 1, 2017 (the “Effective Date”).


 


W
IT N E S SE T H:


 


WHEREAS,
Employer is desirous of employing Employee pursuant to the terms and conditions and for the consideration set forth in this Agreement,
and;


 


WHEREAS,
Employee is desirous of entering the employ of Employer pursuant to such terms and conditions and for such consideration as are
listed below;


 


NOW,
THEREFORE, for and in consideration of the mutual promises, covenants, and obligations contained herein, Employer and Employee
agree as follows:


 


ARTICLE
1: EMPLOYMENT AND DUTIES:


 


1.1.       Employer
agrees to employ Employee, and Employee agrees to be employed by Employer, beginning _as of the Effective Date and continuing
until the date of termination of Employee’s employment pursuant to the provisions of Article 3 (the “Term”),
subject to the terms and conditions of this Agreement.


 


1.2.
Beginning as of the Effective Date, Employee shall be employed as CEO of Employer. Employee
agrees to serve in the assigned position or in such other executive capacities as may be requested from time to time by Employer
and to perform diligently and to the best of Employee’s abilities the duties and services appertaining to such position
as reasonably determined by Employer, as well as


such
additional or different duties and services appropriate to such positions which Employee from time to time may be reasonably directed
to perform by Employer.


 


1.3.       Employee
shall at all times comply with and be subject to such policies and procedures as NuState may establish from time to time, including,
without limitation, the NuState Company Code of Business Conduct (the “Code of Business Conduct”).


 


1.4.       Employee
shall, during the period of Employee’s employment by Employer, devote Employee’s necessary and sufficient business
time, energy, and best efforts to the business and affairs of Employer. Employee may not engage, directly or indirectly, in any
other business, investment, or activity that interferes with Employee’s performance of Employee’s duties hereunder,
is contrary to the interest of Employer or any of its affiliated companies (collectively, the ‘‘NuState Entities”
or, individually, a ‘‘NuState Entity”), or requires any significant portion of Employee’s business time.
The foregoing notwithstanding, the parties recognize and agree that Employee may engage inactive and passive personal investments
and other business activities which do not conflict with the business and affairs of the NuState Entities or interfere with Employee’s
performance of his duties hereunder. Employee may serve on the board of directors of any entity other than a NuState Entity during
the Term without the approval thereof in accordance with Employer’s policies and procedures regarding such service. Employee
shall be permitted to retain any compensation received for approved service on any unaffiliated corporation’s board of directors.


 


410
East Las Olas Blvd Ft Lauderdale, FL


 


	 

        
	 





 



    	 



    	 



    




 


NUSTATE
ENERGY HOLDINGS, INC.


 


1.5.       Employee
acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best
interests of the Employer and the other NuState Entities and to do no act which would, directly or indirectly, injure any such
entity’s business, interests, or reputation. Itis agreed that any direct or indirect interest in, connection with, or benefit
from any outside activities, particularly commercial activities, which interest might in any way adversely affect Employer, or
any NuState Entity, involves a possible conflict of interest. In keeping with Employee’s fiduciary duties to Employer, Employee
agrees that Employee shall not knowingly become involved in a conflict of interest with Employer or the NuState Entities, or upon
discovery thereof, allow such a conflict to continue. Moreover, Employee shall not engage in any activity that might involve a
possible conflict of interest.


 


1.6      Nothing
contained herein shall be construed to preclude the transfer of Employee’s employment to another NuState Entity (“Subsequent
Employer”) as of: or at any time after, the Effective Date and no such transfer shall be deemed to be a termination of employment
for purposes of Article 3 hereof; provided, however, that, effective with such transfer, all of Employer’s obligations hereunder
shall be assumed by and be binding upon, and all of Employer’s rights hereunder shall be assigned to, such Subsequent Employer
and the defined term “Employer” as used herein shall thereafter be deemed amended to mean such Subsequent Employer.
Except as otherwise provided above, all of the terms and conditions of this Agreement, including without limitation, Employee’s
rights and obligations, shall remain in full force and effect following such transfer of employment


 


ARTICLE
2: COMPENSATION AND -BENEFITS:


 


2.1.       Employee’s
base salary shall not be less than $50,000 per annum which shall be paid in accordance with the Employer’s standard payroll
practice for its executives. The parties further agree that Employee’s election as CEO of the Company shall be effective
on March 1, 2017.Employee’sbase salary may thereafter be increased from time to time with the approval of the Compensation
Committee of NuState’s Board of Directors (the «compensation Committee”) or its delegate, as applicable. This
increase will be reviewed every 3 months for the first two years based on Employee and Employer performance. Such increased base
salary shall become the minimum base salary under this Agreement and may not be decreased thereafter without the written consent
of Employee.


 


On
March 1, 2017, Employer shall grant to Employee 100,000,000 restricted shares of Employer’s common stock. Employer shall
grant to Employee a non-qualified stock option to purchase on the anniversary date of employment up to double the value of Employee
base salary or $100,000 in shares with the approval of the Compensation Committee of NuState’s Board of Directors (the “Compensation
Committee”) or its delegate, as applicable.


 


2.2.       During
the Term, Employer shall pay or reimburse Employee for all actual, reasonable and customary expenses incurred by Employee in the
course of his employment; including, but not limited to, travel, entertainment, subscription and dues associated with Employee’s
membership in professional, business and civic organizations; provided that such expenses are incurred and accounted for in accordance
with Employer’s applicable policies and procedures.


 


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East Las Olas Blvd Ft Lauderdale, FL


 





	 

        
	 


 



    	 



    	 



    




 


NUSTATE
ENERGY HOLDINGS, INC.


 


2.3.       Employer
may withhold from any compensation, benefits, or amounts payable under this Agreement all federal, state, city, or other taxes
as may be required pursuant to any law or governmental regulation or ruling.


 


ARTICLE
3: TERMINATION OF EMPLOYMENT AND EFFECTS OF SUCH TERMINATION:


 


3.1.       Employee’s
employment with Employer shall be terminated (i) upon the death of Employee, (ii) upon Employee’s Retirement (as defined
below), (iii) upon Employee’s Permanent Disability (as defined below), or (iv) at any time by Employer upon written notice
to Employee, or by Employee upon thirty (30) days’ written notice to Employer, for any or no reason.


 


3.2.       If
Employee’s employment is terminated by reason of any of the following circumstances, Employee shall not be entitled to receive
the benefits set forth in Section 3.3 hereof:


 


(i)       Death.


 


(ii)       Retirement.
“Retirement” shall mean either (a) Employee’s retirement at or after normal retirement age (either voluntarily
or pursuant to NuState’s retirement policy) or (b) the.voluntary termination of Employee’s employment by Employee
in accordance with Employer’s early retirement policy for other than Good Reason (as defined below).


 


(iii)      Permanent
Disability.      “Permanent      Disability” shall mean
Employee’s physical or mental incapacity to perform his usual duties with such condition likely to remain continuously and
permanently as reasonably determined by the Compensation Committee in good faith.


 


(iv)       Voluntary
Termination. “Voluntary Termination” shall mean a termination of employment in the sole discretion and at the election
of Employee for other than Good Reason. “Good Reason” shall mean (a) a termination of employment by Employee because
of a material breach by Employer of any material provision of this Agreement which remains uncorrected for thirty (30) days following
written notice of such breach by Employee to Employer, provided such termination occurs within sixty (60) days after the expiration
of the notice period; or (b) a termination of employment by Employee within six (6) months after a material reduction in Employee’s
rank or responsibility with Employer.


 


(v)       Termination
for Cause. Termination of Employee’s employment by Employer for Cause. “Cause11 shall mean any of the following:


 


(a)       Employee’s
gross negligence or willful misconduct in the performance of the duties and services required of Employee pursuant to this Agreement;
(b) Employee’s final conviction of a felony; (c) a material violation of the Code of Business Conduct or (d) Employee’s
material breach of any material provision of this Agreement which remains uncorrected for thirty (30) days following written notice
of such breach to notice of such breach to Employee by Employer. Determination Employee’s employment will be reasonably
made by the Compensation Committee in good faith.


 


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East Las Olas Blvd Ft Lauderdale, FL


 


	 

        
	 





 






    	 



    	 



    

 


NUSTATE
ENERGY HOLDINGS, INC.


 


In
the event Employee’s employment is terminated under any of the foregoing circumstances, all future compensation to which
Employee is otherwise entitled and all future benefits for which Employee is eligible shall cease and terminate as of the date
of termination, except as specifically provided in this Section 3.2. Employee, or his estate in the case of Employee’s death,
shall be entitled to pro rata base salary through the date of such termination and shall be entitled to any individual bonuses
or individual annual incentive compensation not yet paid but payable under Employer’s plans for the year prior to the year
of Employee’s termination of employment, but shall not be entitled to any annual bonus or incentive compensation for the
year in which he terminates employment or any other payments or benefits by or on behalf of Employer except for those which may
be payable pursuant to the terms of Employer’s or NuState’s employee benefit plans (as defined in Section 3.4), stock,
stock option or incentive plans, or the applicable agreements underlying such plans.


 





	 	3.3	If
    Employee’s employment is terminated by Employee for Good reason or by Employer for any reason other than as set forth
    in Section 3.2 above Employee shall be entitled to each of the following:




 


(i)       To
the extent not otherwise specifically provided in any underlying restricted stock agreements, NuState, at its option and in its
sole discretion, shall either (a) cause all shares of NuState common stock previously granted to Employee to be forfeited, in
which case, Employer will pay Employee a lump sum cash payment equal to the value of the Restricted Shares (based on the closing
price of NuState common stock on the date of termination of employment); or (b) cause the forfeiture restrictions with respect
to the Restricted Shares to lapse and such shares shall be retained by Employee.


 


(ii)      Subject
to the provisions of Section 3.4, Employer shall pay to Employee a severance benefit consisting of a single lump sum cash payment
equal to one year’ of Employee’s base salary as in effect at the date of Employee’s termination of employment.
Such severance benefit shall be paid no later than sixty (60) days following Employee’s termination of employment.




 


(iii)       Employee
shall be entitled to any individual bonuses or individual incentive compensation not yet paid but payable under Employer’s
or NuState’s plans for years prior to the year of Employee’s termination of employment. Such amounts, if any, shall
be paid according to the terms and conditions set forth in the applicable plan document.


 


(iv)      Employee
shall be entitled to any individual bonuses or individual incentive compensation under      Employer’s
or NuState’s plans, or any successor annual incentive compensation plan, for the year of Employee’s termination of
employment determined as if Employee had remained employed by the Employer for the entire year. Such amounts shall be paid to
Employee at the time that such amounts are paid to similarly situated employees.


 


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East Las Olas Blvd Ft Lauderdale, FL


 





	 

        
	 





 



    	 



    	 



    




 


NUSTATE
ENERGY HOLDINGS, INC.


 


3.4.       The
severance benefit paid to Employee pursuant to Section 3.3 shall be inconsideration of Employee’s continuing obligations
hereunder after such termination, including, without limitation, Employee’s obligations under Article 4. Further, as a condition
to the receipt of such severance benefit, Employer, in its sole discretion, may require Employee to first execute a release, in
the form established by Employer, releasing Employer and all other NuState Entities, and their officers, directors, employees,
and agents, from any and all claims and from any and all causes of action of any kind or character, including, but not limited
to, all claims and causes of action arising out of Employee’s employment with Employer and any other NuState Entities or
the termination of such employment. The performance of Employer’s obligations under Section 3.3 and the receipt of the severance
benefit provided thereunder by Employee shall constitute full settlement of all such claims and causes of action. Employee shall
not be under any duty or obligation to seek or accept other employment following a termination of employment pursuant to which
a severance benefit payment under Section 3.3 is owing and the amounts due Employee pursuant to Section 3.3 shall not be reduced
or suspended if Employee accepts subsequent employment or earns any amounts as a self-employed individual. Employee’s rights
under Section 3.3 are Employee’s sole and exclusive rights against the Employer or its affiliates and the Employer’s
sole and exclusive liability to Employee under this Agreement. in contract, tort or otherwise, for the termination of his employment
relationship with Employer. Employee agrees that all disputes relating to Employee’s termination of employment, including,
without limitation, any dispute as to “Cause” or “Voluntary Termination” and any claims or demands against
Employer based upon Employee’s employment for any monies other than those specified in Section 3.3, shall be resolved through
the Arbitration as provided in Section 5.6 hereof; provided, however, that decisions as to whether “Cause” exists
for termination of the employment relationship with Employee and whether and as of what date Employee has become permanently disabled
are delegated to the Compensation Committee for determination and any dispute of Employee with any such decision shall be limited
to whether the Compensation Committee reached such decision in good faith. Nothing contained in this Article 3 shall be construed
to be a waiver by Employee of any benefits accrued for or due Employee under any employee benefit plan (as such term is defined
in the Employees’ Retirement Income Security Act of 1974, as amended) maintained by Employer except that Employee shall
not be entitled to any severance benefits pursuant to any severance plan or program of the Employer.


 


3.5.       Termination
of the employment relationship does not terminate those obligations imposed by this Agreement which are continuing obligations,
including,without limitation, Employee’s obligations under Article 4.


 


ARTICLE
4: OWNERSHIP AND PROTECTION OF INTELLECTUAL PROPERTY AND CONFIDENTIAL INFORMATION:


 


4.1.       All
information, ideas, concepts, improvements, discoveries, and inventions, whether patentable or not, which are conceived, made,
developed or acquired by Employee, individually or in conjunction with others, during Employee’s employment by Employer
or any of its affiliates (whether during business hours or otherwise and whether on Employer’s premises or otherwise) which
relate to the business, products or services of Employer or its affiliates (including, without limitation, all such information
relating to corporate opportunities, research, financial and sales data, pricing and trading terms, evaluations, opinions, interpretations,
acquisition prospects, the identity of customers or their requirements, the identity of key contacts within the customer’s
organizations or within the organization of acquisition prospects, or marketing and merchandising techniques, prospective names,
and marks), and all writings or materials of any type embodying any of such items, shall be the sole and exclusive property of
Employer or its affiliates, as the case may be.


 


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NUSTATE
ENERGY HOLDINGS, INC.


 


4.2.       Employee
acknowledges that the businesses of Employer and its affiliates are highly competitive and that their strategies, methods, books,
record and documents, their technical information concerning their products, equipment, services, and processes, procurement procedures
and pricing techniques, the names of and other information (such as credit and financial data) concerning their customers and
business affiliates, all comprise confidential business information and trade secrets which are valuable, special, and unique
assets which Employer or its affiliates use in their business to obtain a competitive advantage over their competitors. Employee
further acknowledges that protection of such confidential business information and trade secrets against unauthorized disclosure
and use is of critical importance to Employer and its affiliates in maintaining their competitive position. Employee hereby agrees
that Employee will not, at any time during or after his employment by Employer, make any unauthorized disclosure of any confidential
business information or trade secrets of Employer or its affiliates, or make any use thereof, except in the carrying out of his
employment responsibilities hereunder. Confidential business information shall not include information in the public domain (but
only if the same becomes part of the public domain through a means other than a disclosure prohibited hereunder). The above notwithstanding
a disclosure shall not be unauthorized if (i) it is required by law or by a court of competent jurisdiction or (ii) it is in connection
with any judicial, arbitration, dispute resolution or other legal proceeding in which Employee’s legal rights and obligations
as an employee or under this Agreement are at issue; provided, however, that Employee shall, to the extent practicable and lawful
in any such events, give prior notice to Employer of his intent to disclose any such confidential business information in such
context so as to allow Employer or its affiliates an opportunity (which Employee will not oppose) to obtain such protective orders
or similar relief with respect thereto as may be deemed appropriate.


 


4.3.       All
written materials, records, and other documents made by, or coming into the possession of, Employee during the period of Employee’s
employment by Employer which contain or disclose confidential business information or trade secrets of Employer or its affiliates
shall be and remain the property of Employer, or its affiliates, as the case may be. Upon termination of Employee’s employment
by Employer, for any reason, Employee promptly shall deliver the same, and all copies thereof, to Employer.


 





4.4       For
purposes of this Article 4, “affiliates” shall mean entities in which Employer has a 20% or more direct or indirect
equity interest.


 


ARTICLE
5: MISCELLANEOUS:


 


5.1.       Except
as otherwise provided in Section 4.4 hereof, for purposes of this Agreement, the terms “affiliate” or “affiliated”
means an entity who directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common
control with NuState or in which NuState has a 50% or more equity interest.


 


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NUSTATE
ENERGY HOLDINGS, INC.


 


5.2.       For
purposes of this Agreement, notices and all other communications provided for herein shall be in writing and shall be deemed to
have been duly given when received by or tendered to Employee or Employer, as applicable, by pre-paid courier or by United States
registered or certified mail, return receipt requested, postage prepaid, addressed as follows:


 


If
to Employer, to NuState at 410 East Las Olas Blvd Ft Lauderdale, FL, to the attention of the General Counsel, or to such other
address as Employee shall receive notice thereof.


 


If
to Employee, to his last known personal residence.


 


5.3.       This
Agreement shall be governed by and construed and enforced, in all respects in accordance with the law of the State of Florida,
without regard to principles of conflicts of law, unless preempted by federal law, in which case federal law shall govern; provided,
however, that the NuState Dispute Resolution Plan and the Federal Arbitration Act shall govern in all respects with regard to
the resolution of disputes hereunder. No failure by either party hereto at any time to give notice of any breach by the other
party of, or to require compliance with, any condition or provision of this Agreement shall be deemed a waiver of similar or dissimilar
provisions or conditions at the same or at any prior or subsequent time.


 


5.4.       It
is a desire and intent of the parties that the terms, provisions, covenants, and remedies contained in this Agreement shall be
enforceable to the fullest extent permitted by law. If any such term, provision, covenant, or remedy of this Agreement or the
application thereof to any person, association, or entity or circumstances shall, to any extent, be construed to be invalid or
unenforceable in whole or in part, then such term, provision, covenant, or remedy shall be construed in a manner so as to permit
its enforceability under the applicable law to the fullest extent permitted by law. In any case, the remaining provisions of this
Agreement or the application thereof to any person, association, or entity or circumstances other than those to which they have
been held invalid or unenforceable, shall remain in full force and effect.





 


5.5.       It
is the mutual intention of the parties to have any dispute concerning this Agreement resolved out of court. Accordingly, the parties
agree that any such dispute shall, as the sole and exclusive remedy, be submitted for resolution through the Arbitration through
the American Arbitration Association; provided, however that the Employer, on its own behalf and on behalf of any of the NuState
Entities, shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any breach
or the continuation of any breach of the provisions of Article 4 and Employee hereby consents that such restraining order or injunction
may be granted without the necessity of the Employer posting any bond. The parties agree that the resolution of any such dispute
through such Arbitration shall be final and binding.




 


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East Las Olas Blvd Ft Lauderdale, FL


 





	 

        
	 


 



    	 



    	 



    

 


NUSTATE
ENERGY HOLDINGS, INC.


 


5.6.      This
Agreement shall be binding upon and inure to the benefit of Employer, to the extent herein provided, NuState and any other person,
association, or entity which may hereafter acquire or succeed to all or substantially all of the business or assets of Employer
by any means whether direct or indirect, by purchase, merger, consolidation, or otherwise. Employee’s rights and obligations
under this Agreement are personal and such rights, benefits, and obligations of Employee shall not be voluntarily or involuntarily
assigned, alienated, or transferred, whether by operation of law or otherwise, without the prior written consent of Employer,
other than in the case of death or incompetence of Employee.




 


5.7.      This
Agreement replaces and merges any previous agreements and discussions pertaining to the subject matter covered herein. This Agreement
constitutes the entire agreement of the parties with regard to the terms of Employee’s employment, termination of employment
and severance benefits, and contains all of the covenants, promises, representations, warranties, and agreements between the parties
with respect to such matters. Each party to this Agreement acknowledges that no representation, inducement, promise, or agreement,
oral or written, has been made by either party with respect to the foregoing matters which is not embodied herein, and that no
agreement, statement, or promise relating to the employment of Employee by Employer that is not contained in this Agreement
shall be valid or binding. Any modification of this Agreement will be effective only if it is in writing and signed by each party
whose rights hereunder are affected thereby, provided that any such modification must be authorized or approved by the Compensation
Committee or its delegate, as appropriate.




 


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NUSTATE
ENERGY HOLDINGS, INC.


 


IN
WITNESS WHEREOF, Employer and Employee have duly executed this Agreement in multiple originals to be effective on the Effective
Date.


 


	Dated:
    March 1, 2017	By:
    	/s/
    Kevin Yates
	 	Name:	S.
    Kevin Yates
	 	Title:	Chairman
    of the Board,


 


	 	EMPLOYEE
	 	 
	 	By:	/s/
    Scott Wroblreski
	Dated:
    March 1, 2017