Exhibit 10.2


 


EXECUTIVE EMPLOYMENT AGREEMENT


 


THIS EXECUTIVE EMPLOYMENT AGREEMENT
(hereinafter the "Agreement") is made and entered into on May 28, 2015 with an effective date of April 20, 2015 between
ID Global Solutions Corporation., a Delaware corporation, (the "Company"), whose principal place of business is 160 E.
Lake Brantley Drive, Florida 32779, and Charles D. Albanese an individual (the "Executive"), whose address is 44 Ackerman
Drive, Mahwah NJ 07430-3309 USA.


 


RECITALS


 


The Company provides sells
and operates Identification Solutions for the Global Security and Financial Payment markets. (the “Business").


 


The Executive has extensive
experience in the industry and the Company wishes to employ the Executive based on the terms and title listed below.


 


NOW, THEREFORE, in consideration
of the mutual covenants and agreements herein made, the Company and the Executive hereby agree as follows:


 


		1.	EMPLOYMENT.



 


The Company hereby agrees
to initially employ the Executive and the Executive hereby accepts such employment in his capacity as Chief Financial Officer (CFO)
of ID Global Solutions Corp, according to the terms and conditions of this Agreement.


 


		a.	DUTIES: The duties of the Executive shall include the performance of all
of the duties typical of the office held by the Executive and such other duties and projects as may be assigned by the board of
directors of the Company. Executive shall devote his ability and attention to the business of the Company and shall perform all
duties in a professional, ethical and businesslike manner. Executive shall disclose, during the term of this Agreement, his direct
or indirect engagement in any other business, either as an employee, employer, consultant, principal, officer, director, advisor,
or in any other capacity, either with or without compensation, to the Board of Directors of Company. The Executive shall have such
duties and responsibilities commensurate with said position and will report directly to the CEO and the Board of Director of ID
Global Solutions Corp. The Executive is expected to work closely with the Board of Directors of ID Global Solutions Corp and other
Executives and Staff in the Company's ongoing pursuit of excellence, growth and profitability.



 


		b.	OFFICE LOCATION: The principle Company office
is located at 160 E Lake Brantley Drive, Florida 32779, however the executive may work from his current address 44 Ackerman Drive,
Mahwah NJ 07430.



 


		2.	COMPENSATION/BENEFITS.



 


a.
Salary. The Company shall pay Executive a base salary (the "Base Salary") of $200,000.00
(two hundred thousand) US Dollar per year, payable according to the Company's regular payroll schedule or as negotiated between
the Executive and the Company. The base salary shall be adjusted at the end of each year of employment at the discretion of the
board of directors. During the 12 month period following the date hereof, in the event the Company does not have the available
cash flow to pay the Base Salary of Executive for the following month, the Company shall issue to Executive shares of common stock
equal to the Base Salary for the applicable month divided by $0.10 .


 


b.  
Sign on Bonuses: The Company grants the Executive a Stock Option to acquire 3,500,000 shares
of common stock as defined in Attachment A of this agreement.


 






    	 



    	 



    

 


c.  Performance Bonus: The Executive and Company mutually agree to establish a performance metrics
within three (3) months of commencement of employment, and to review and update those metrics at least semi-annually based on the
Executive's performance, and the overall company profitability. The Board of Directors of the Company may award the Executive an
annual bonus based on his performance ranging from 25% to 50% of the Executives base salary.


 


d. 
Employee Benefits: The Executive shall be entitled to participate in all benefit programs of
the Company currently existing or hereafter made available to executives and/or other non-executive employees, subject to the eligibility
requirements, restrictions and limitations of any such programs. Such programs may include, but not be limited to retirement plans,
including any 401K Plan, group leave, salary continuation, vacation and holidays, long-term disability and other fringe benefits.


 


d. 
Medical Benefits. The Company agrees to include Executive in the group medical, hospital and dental plan of the Company,
as they are made available.


 


e.
Expense Reimbursement. Executive shall be entitled to reimbursement for all reasonable
expenses, including travel and entertainment, incurred by Executive in the performance of Executive's duties. Executive will maintain
actual records and written receipts as required by the Company policy and reasonably requested by the board of directors, and submit
with each expense report copies of all receipts, to substantiate such expenses. All expense reports must be submitted within 30
days of expenses being incurred.


 


f.   Equipment. The Executive will be provided upon employment, with a portable cellular
telephone, and laptop computer and other necessary items as need to perform his duties.


 


g.  Stock Options. Should the Board of Directors
approve stock option/grants to be dispersed throughout the Company in a given fiscal year, the Executive shall be considered for
a share of those possible grants based on the Executive's and Company's performance. Stock options, amounts of option/shares, vesting
period and the exercising period of each option grant, will be determined annually by the Board of Directors. In the event that
the Company (ID Global Solutions Corp.) is acquired, all options granted to that date will immediately become 100% fully vested.


 



 


	3.	TERM.







 


Notwithstanding
anything to the contrary herein, the term of employment under this Agreement will commence on May 28, 2015 and end three (3) years
thereafter on May 27, 2018 (the "TERM"), unless terminated sooner pursuant to Section 4 of this Agreement or unless the
Agreement is terminated or extended based on mutual agreement of the Executive and the Company.


 





	4.	DEATH, DISABILITY AND TERMINATION.



 









Death. In
the event of the death of the Executive during the Term of the agreement, any accrued but unpaid salary, vacation and/or expense
reimbursements shall be paid to the Executive's designated beneficiary, or in the absence of such designation, of the estate or
other legal representative of the Executive. Other death benefits will be determined in accordance with the terms of the Company's
benefit programs and plans.


 


		a.	Termination by the Company For Cause



 


 






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(i). "For
Cause," as determined in good faith by the Board of the Company, shall mean: (a) the Executive has breached any of the
terms and conditions of this Agreement; (b) the appropriation (or attempted appropriation) of a material business opportunity
of the Company, including attempting to secure or securing any personal profit in connection with any transaction entered
into on behalf of the Company not properly disclosed to the Board; (c) the misappropriation (or attempted misappropriation)
of any of the Company's funds or property; (d) any action by the Executive that adversely affects the property, reputation or
goodwill of the Company; or [e] the conviction of, the plea of no contest with respect to, a felony, or the equivalent
thereof, or any other crime with respect to which imprisonment is a possible punishment. Notwithstanding the foregoing, if
the Company, in its discretion, determines that the Executive's failure to adhere to any written Company policy or procedure
is of such magnitude that it warrants immediate termination of employment, then the Company shall within thirty (30) days of
such event, give the Executive notice to cure the situation, where after the Company shall have the sole discretion to make
such determination and to terminate this Agreement for Cause.


 


b.  
Termination by the Company Other than for Cause.


 


(ii).    
The foregoing notwithstanding, the Company may elect to terminate the Executive's employment at any time during the first 12 months
of the Term without cause. Starting on the 13th month of the Term and for any Renewal Term
the Company may elect to terminate the Executive’s employment at anytime without cause; provided, however, that in the event
such termination is not For Cause, the Company shall be obligated to pay to Executive his Base Salary and all benefits for the
remaining period of this Agreement or any Renewal Agreement.


 


		c.	Voluntary Termination. This Agreement may be terminated by Executive at Executive's
discretion, by providing at least thirty (30) days prior written notice to Company. In the event of termination by Executive pursuant
to this subsection, Company may immediately relieve Executive of all duties and immediately terminate this Agreement, provided
that Company shall pay Executive at the then applicable base salary rate to the termination date included in Executive's original
termination notice.



 


		d.	Termination Following the Acquisition of the Company. In the event Company
is acquired, or is the non-surviving party in a merger, or sells all or substantially all of its assets, this Agreement shall not
be terminated and if it is, the Company shall be obligated to pay to Executive his Base Salary and all benefits for the remaining
period of this agreement. Company agrees to use its best efforts to ensure that the transferee or surviving company is bound by
the provisions of this Agreement.



 


		5.	COVENANT NOT TO COMPETE.



 


Executive acknowledges and
recognizes the highly competitive nature of Company's business, the goodwill and business strategy of the Company and the continued
patronage from its consumers constitute a substantial asset of the Company. Executive further acknowledges and recognizes that
during the course of Executive's employment with the Company, Executive will receive specific and proprietary knowledge concerning
the Company's business, access to trade secrets and other confidential information [as defined in Section 6), participate in business
acquisitions and other corporate business decisions, and that the provisions of this Section 5 are reasonably necessary to protect
the Company's business interest. Executive acknowledges that Company is without an adequate remedy at law in the event this covenant
is violated. Executive further acknowledges that this covenant not to compete is an independent covenant within this Agreement.
This covenant shall survive this Agreement and shall be treated as an independent covenant for the purposes of enforcement. The
Executive recognizes that the terms of this covenant are reasonable and necessary for the protection of the Company's business
because his association with the Company will enhance the value of Executive's services. Accordingly, Executive agrees to the following:


 






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(i)                  that
for a period of two years after termination of the Executive's employment under this Agreement or any renewal or extension thereof
(the Restricted Period'], unless termination by Executive’s is “For Cause” in which case Executive shall not
be bound by any restrictions. Executive will not, individually or in conjunction with others, directly or indirectly engage in
any business activities, whether as an officer, director, proprietor, employer, employee, partner, independent contractor, investor
(other than as a holder of less than five percent (5%] of the outstanding capital stock of a publicly traded corporation), consultant,
advisor, agent or otherwise, whose products or activities compete in whole or in part with the products or activities of the Company
or any of its affiliates anywhere within the United States, Canada.


 


(ii)                
that during the Restricted Period, Executive will not, indirectly or directly, solicit, induce
or influence any of the Company's customers that have or had a business relationship with the Company at any time during Executive's
employment with the Company to discontinue or reduce the extent of such business relationship with the Company.


 


(iii)               
that during the Restricted Period, Executive will not on his own behalf or by way of any other
person (a) directly or indirectly solicit or recruit any employee of the Company to discontinue such employment relationship with
the Company, or (b) employ or seek to employ, or cause any business which competes directly or indirectly with the business of
the Company to employ or seek to employ any person who is or was employed by the Company at any time during Executive's employment
or who is or was employed by the Company during the Restrictive Period.


 


(iv)              
that during the Restricted Period, Executive will not interfere with, disrupt, or attempt to
disrupt any past or present relationship, contractual or otherwise, between the Company and any the Company's employees.


 


6.
NON-DISCLOSURE OF CONFIDENTIAL INFORMATION.


 


a.                   Confidential Information. Executive acknowledges that the Company's trade secrets, private or secret processes, methods
and ideas, as they exist from time to time and information concerning the Company's services, business records and plans, inventions,
acquisition strategy, price structure and pricing, discounts, costs, computer programs and listings, source code and/or subject
code, copyright trademark proprietary information, formulae, protocols, forms, procedures, training methods, development technical
information, know-how, show-how, new product and service development, advertising budgets, past, present or planned marketing,
activities and procedures, method for operating the Company's business, credit and financial data concerning the Company's customers,
and marketing; advertising, promotional and sales strategies, sales presentations, research information, revenues, acquisitions,
practices and plans and information which is embodied in written or otherwise recorded form, and other information of a confidential
nature not known publicly or by other companies selling to the same markets and specifically including information which is mental,
not physical (collectively, the "Confidential Information") are valuable, special and unique assets of the Company, access
to and knowledge of which have been provided to Executive by virtue of Executive's employment with the Company. In light of the
highly competitive nature of the industry in which the Company's business is conducted, Executive agrees that all Confidential
Information obtained by Executive as a result of Executive's employment with the Company shall be considered as proprietary and
confidential.


 


b.                  Non-Disclosure.
The Executive agrees that the Executive shall (i) hold in confidence and not disclose or make available to any third party any
such Confidential Information obtained directly or indirectly from the Company, unless so authorized in writing by the Company;
(ii) exercise all reasonable efforts to prevent third parties from gaining access to the Confidential Information; (iii) restrict
the disclosure or availability of the Confidential Information to those individuals who the Company has authorized access to such
Confidential Information and who have a need to know the Confidential Information in order to achieve the business purposes of
the Company; and [iv) not copy, duplicate by any means whatsoever or modify any Confidential Information without prior written
consent of the Company; provided, however, that such copy, duplication or modification of any Confidential Information does not
include any copying, duplication or modifications which would otherwise prevent the Executive from performing his duties and responsibilities
to the Company; and [v] take such other protective measures as may be reasonably necessary to preserve the confidentiality of
the Confidential Information.


 






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c.                  Inventions. Executive further agrees (i) that Executive shall promptly disclose in writing to the Company any ideas, inventions,
improvements and discoveries which may be related to the Company’s business, or acquired by Executive as the direct result
of the disclosure by the Company of the Confidential Information to Executive; [ii] that all such ideas, inventions, improvements
and discoveries conceived, made or acquired by Executive relating to the companies business, shall be the sole property of the
Company and that Executive shall not acquire any intellectual property rights under this Agreement
except the limited right to use set forth in this Agreement; (iii] that Executive shall assist in the preparation and execution
of all applications, assignments and other documents which the Company may deem necessary to obtain patents, copyrights and the
like in the United States and in jurisdictions foreign thereto, and to otherwise protect the Company.


 


d.                  Exceptions.
Excluded from the Confidential Information, and therefore not subject to the provisions of this Agreement, shall be any information
which the Executive can show that (i) at the time of disclosure, is in the public domain through no actions of the Executive;
or (ii) is owned by the Executive or any of the companies under his control prior to this agreement, (ii) was acquired from a
third party who received it from the Company, and who had the right to disclose the information without any obligation to hold
such information confidential. The foregoing exceptions shall apply only from and after the date that the information becomes
generally available to the public or is disclosed to the Executive by a third party, respectively. Specific information shall
not be deemed to be within the foregoing exceptions merely because it is embraced by more general information in the public domain.
Additionally, any combination of features shall not be deemed to be within the foregoing exceptions merely because individual
features are in the public domain. If the Executive intends to avail himself of any of the foregoing exceptions, the Executive
shall notify the Company in writing of his intention to do so and the basis for claiming the exception.


 


e.                 
Return of Materials. Upon written request of the Company, Executive shall return to
the Company all written materials and electronic media containing the Company's Confidential Information along with any Company
issued equipment including, but not limited to, any cell phone or laptop computer. Executive shall also deliver to the Company
a written statement signed by Executive certifying all materials have been returned within five (5] days of receipt of such request
from the Company.


 


7.    
AMENDMENTS.


 


This Agreement
shall not be modified or amended except by a written instrument duly executed by the parties hereto.


 


8.    
HEADINGS.


 


All sections and descriptive headings
of this Agreement are inserted for convenience only, and shall not affect the construction or interpretation hereof.


 


9.     COUNTERPARTS.


 






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This Agreement
may be executed in any number of counterparts, each of which, when executed and delivered, shall be an original, but all counterparts
shall together constitute one and the same instrument.


 


		10.	ENTIRE AGREEMENT.



 


This Agreement
hereto constitutes the entire understanding between the parties. Nothing in this Agreement will prevent or restrict Executive from
serving on the Board of Directors of public or private companies and receive compensation from such service so long as such service
does not impact Executive's requirement that he devote his best business efforts, attention, energy and skill to the performance
of his employment to furthering the interest of the Company.


 


		11.	GOVERNING LAW AND ARBITRATION.



 


This Amendment is to be construed
and enforced according to the laws of the State of Florida. Any controversy or claim arising out of or relating to this Agreement,
or the breach thereof shall be settled by arbitration in Orlando, Florida, with a neutral mutually selected by the Parties, and,
failing that, in accordance with the appropriate rules of JAMS, and in any event in accordance with JAMS Comprehensive Rules and
Expedited Procedures, and judgment upon the award rendered by the Arbitrator(s) may be entered in any Court having jurisdiction
thereof. The Parties shall have full rights to pursue equitable remedies in furtherance of enforcing this Agreement without interference
from any arbitration proceedings


 


		12.	CONSTRUCTION.



 


This Agreement shall not be
construed more strictly against one party than the other, merely by virtue of the fact that it may have been prepared by counsel
for one of the parties, it being recognized that both Company and Executive have contributed substantially and materially to the
negotiation and preparation of this Agreement.


 


		13.	VENUE.



 


Venue in any action arising
from this Agreement shall be in Orange County in the State of Florida.


 


		14.	SEVERABILITY.



 


Inapplicability or unenforceability
of any provision of this Agreement shall not limit or impair the operation or validity of any other provision of this Agreement
or any such other instrument.


 


		15.	NON-ASSIGNABILITY.



 


This Agreement is personal
in nature and not assignable by any party hereto.


 


		16.	BINDING EFFECT.



 


This Amendment shall be binding
upon and inure to the benefit of the parties, its' successors, transferees and assigns.


 


		17.	CONSTRUCTION.



 


In constructing this Amendment
the singular shall include the plural and the plural shall include the singular, and the use of any gender shall include every
other and all genders.


 


		18.	NOTICES.



 


Any notice required by this
Agreement or given in connection with it, shall be in writing and shall be given to the appropriate party by personal delivery
or by electronic mail, certified mail, postage prepaid, or recognized overnight delivery services;


 






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If to the Company:


ID Global Solutions Corporation


160 E Lake Brantley
Drive


Longwood, Florida 32779


 


If to the Executive:


Mr. Charles D. Albanese


44 Ackerman Drive


Mahwah, NJ 07430-3309


 


 


		19.	COMPLETE UNDERSTANDING OF THE PARTIES.



 


Executive and the Company understand
and agree that the terms and conditions of this Amendment constitute the full and complete understandings, agreements and promises
of the Parties, and that there are no oral or written understandings, agreements, promises, or inducements made or offered other
than those set forth, in writing, in this Agreement.


 


		20.	WAIVER.



 


The rights and remedies of
the Parties to this Amendment are cumulative and not alternative. Neither the failure nor any delay by either party in exercising
any right, power, or privilege under this Amendment will operate as a waiver of such right, power, or privilege, and no single
or partial exercise of any such right, power, or privilege will preclude any other or further exercise of such right, power, or
privilege or the exercise of any other right, power, or privilege. To the maximum extent permitted by applicable law, (a] no claim
or right arising out of this Amendment can be discharged by one party, in whole or in part, by a waiver or renunciation of the
claim or right unless in writing signed by the other party; (b] no waiver that may be given by a party will be applicable except
in the specific instance for which it is given; and (c] no notice to or demand on one party will be deemed to be a waiver of any
obligation of such party or of the right of the party giving such notice or demand to take further action without notice or demand
as provided in this Amendment.


 


		21.	SURVIVAL.



 


Notwithstanding anything to
the contrary in this Agreement, the provisions of Sections 5 and 6(a) and (b) shall survive and remain in effect beyond the execution
and/or termination of this Agreement in accordance with their respective terms of duration.


 


		22.	Waiver of jury Trial.



 


THE PARTIES HERETO HEREBY WAIVE A RIGHT TO JURY
TRIAL IN ANY LITIGATION WITH RESPECT TO THIS AMENDMENT.


 


IN WITNESS WHEREOF, the parties have executed this
Agreement as of the date first above written.


 


ID Global Solutions Corporation


 


By:       /s/ Thomas
R. Szoke


 


Thomas R. Szoke


President & CEO


 


By:         /s/Charles D. Albanese


 


Charles D. Albanese


The Executive


 


 


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