Exhibit
10.2


AMENDMENT
NO. 1 TO EMPLOYMENT AGREEMENT


BETWEEN


DIEGO
PELLICER WORLDWIDE, INC.


AND


NELLO
GONFIANTINI III





This
Amendment No. 1 to Employment Agreement (the "Amendment") is dated as of this 15th day of
February, 2019 and amends the Employment Agreement dated as of February 8, 2017 (collectively, the "Employment Agreement"),
by and between DIEGO PELLICER WORLDWIDE, INC. ("Diego") and NELLO
GONFIANTINI III ("Executive"). Unless otherwise defined herein, all capitalized terms used shall have the meaning
ascribed to them in the Employment Agreement. In consideration of the
foregoing, and other good and valuable consideration, including Executive's continued employment with Diego, the receipt and sufficiency
of which are hereby acknowledged, Executive and Diego hereby agree as follows:



		I.	AMENDMENTS
                                         TO AGREEMENT






Section
I "Term" is hereby amended by
deleting: "January 31, 2022" and by inserting "February 7, 2024"
in the place of such deleted text.


Section
4 "Compensation a. Base Salary" is hereby
amended by deleting: "Ninety Thousand Dollars ($90,000)" and by inserting "One Hundred Eighty Thousand Dollars($!80,000)"
in place of such deleted text.


Section
4 "Compensation (c) Equity Incentive Compensation"
is hereby amended by deleting the phrase "seven and one-half(7.5%) percent,"
in this paragraph and by inserting the phrase "nine (9%) percent, which calculation shall not include shares purchased by
the Executive with cash nor securities issued to the Executive in lieu of salary cash payments", in place of such deleted
text.


Section
4 "Compensation (c) Equity Incentive Compensation,
(ii)(y)" is
hereby amended by deleting the phrase "one-half (0.5%) percent" in this paragraph and by inserting the phrase "two
(2%) percent" in place of such deleted text.





		II.	GENERAL
                                         PROVISIONS.



 


All
other terms and conditions of the Employment Agreement that have not been specifically amended herein shall remain in full force
and effect. This Amendment, together with the Employment Agreement, contains all of the terms and conditions agreed upon by the
parties hereto regarding the subject matter hereof. All prior agreements, promises, negotiations and representations, either oral
or written, relating to the subject matter of this Amendment or the Employment Agreement not expressly set forth in this Amendment
or the Employment Agreement are of no force or effect. Any waiver, alteration or modification of any of the terms of this Amendment
shall be valid only if made in writing and signed by both parties hereto. This Amendment may be executed in up to two counterparts,
each of which shall be deemed an original but together shall constitute one and the same instrument.



 


[signatures
on following page]






    	 	1	 



     


    

 



IN WITNESS WHEREOF, the parties
have executed this Amendment as of the date first set forth above.





	DIEGO PELLICER WORLDWIDE,
    INC.	EXECUTIVE:
	 	 
	By: /s/ Ron Throgmartin	/s/ Nello Gonfiantini 
	      Ron Throgmartin	Nello Gonfiantini III
	      Chief Executive
    Officer	 















 


EXECUTION COPY-02-15-2019