Document:

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, CEOEXHIBIT
10.3

 

GBS
NEVADA PARTNERS, LLC 

6671
Schuster Street 

Las
Vegas, Nevada 89118 

viellion@gmail.com

 

	702.405.2334 [tel.]	702.293.4414 [fax]
	 	 

 

August
17,
2015

 

Via
EMAIL: craig@gbsciences.com

 

Craig
Ellins 

GB
Sciences Nevada, LLC 

6450
Cameron St. 

Suite
110 

Las
Vegas, NV 89118

 

BINDING
LETTER OF SEPARATION

 

		RE:	GBS
                                         Nevada Partners, LLC 

Consignment & Delivery 

Agreements

 

Craig:

 

  Pursuant
to our recent discussions and in furtherance of the parties mutual agreement to separate in accordance with the previously executed
Binding Memorandum of Understanding CBMOU’), this letter sets forth and clarifies the binding general terms and conditions upon
which the undersigned
parties agree
to separate:

 

		1.	It
                                         is acknowledged by all parties that the BMOU establishes the binding desire and intent
                                         to separate and transfer the
                                         Clark County
                                         cultivation license
                                         and State
                                         certificate and both Clark County and City of Las Vegas dispensary location licenses
                                         and State certificates, with all
                                         rights
                                         and privileges thereto,
                                         currently
                                         held by GB Sciences Nevada LLC as follows (“Transfer”):

 

    	 

    	 

    

 

		a.	GB
                                         Sciences
                                         Nevada
                                         LLC (“Public Sub”), to be wholly owned by Growblox Sciences, Inc. after transfer
                                         – Clark County cultivation license and State certificates and related SUP’s
                                         and licenses

 

		b.	GBS
                                         Nevada Partners LLC (“Local”)—Both Clark County and City of Las Vegas
                                         dispensary location licenses Clark County and City of Las Vegas dispensary location licenses,
                                         CUP’s and State certificates.

 

		 	Local shall prepare
appropriate Transfer documents which shall be executed by both parties within two business days of the execution of this Binding
Letter of Separation.
                                         

		2.	Local
                                         may, if it so
                                         choses
                                         in its sole and absolute discretion, and if required by the State of Nevada and local
                                         municipalities for Transfer purposes described in Item #1, use the entity and name “GB
                                         Sciences Nevada, LLC only for the purpose of holding the MME certificates and licenses,
                                         using a registered DBA or subsequent licensed name for all other commercial purposes.
                                         

 

		3.	Local
                                         shall prepare and execute a commercially reasonable Consignment and
                                         Delivery
                                         Agreement (“CDA”) to the benefit of GB Sciences Nevada LLC. The CDA
                                         shall be
                                         for an
                                         initial
                                         term of 10 years, with optional extensions
                                         for additional
                                         five-year
                                         periods, the first of which shall
                                         be automatic
                                         assuming neither
                                         party is in breach of the CDA, while remaining extensions shall
                                         require
                                         mutual execution
                                         of the
                                         parties. The final CDA shall be reasonably negotiated between the parties with regard,
                                         inter alia, to Items s #4 and #5,below.
                                         The execution
                                         of the
                                         long’form CDA shall not delay the Transfer pursuant to Item #1.

 

		4.	The
                                         CDA shall
                                         provide Public Sub with slotting of 20% of its most prominent in- store
                                         retail
                                         merchandising shelf space
                                         for consignment
                                         sales.
                                         All product,
                                         other merchandising, stocking, pricing, advertising
                                         and product
                                         diversity will be determined and administered by Public Sub. All after-tax consignment
                                         sale proceeds shall be split
                                         50/50 between
                                         Local and Public Sub. Additionally, Local will work with Public Sub to allow and facilitate
                                         customer ordering by EDI interface
                                         with an
                                         “App”
                                         developed
                                         for that
                                         purpose
                                         by Public Sub, for pickup or delivery of product pursuant to the terms hereof, so long
                                         as such
                                         activity fully comports with applicable
                                         state and
                                         local laws
                                         and regulations.

 

    	 

    	 

    

 

		5.	The
CDA shall
further provide that the Public Sub establish and
bear all expenses of operating and administering a local delivery service (“Service”) within the laws and regulations
of the state of Nevada from the dispensary locations. All Public Sub product sold through the Service shall be treated as a consignment
sale and as such,
all after-tax delivery service consignment sale
proceeds shall be split 80/20 between Public Sub
and Local. TheService shall deliver, at its sole option non- Public Sub product sold through the Service from Local’s
County Dispensary and Public Sub shall receive 20% of the retail sale price thereof.. Public Sub may, in addition at its sole
discretion, charge a commercially reasonable delivery fee to consumer for its Service. Public Sub shall have the sole right to
choose what product will be offered for delivery, how such product shall be advertised, and in general have sole discretion as
to the operation of the Service. Both parties will cooperate so as to ensure that neither disrupts the other’s operations and
that all operations are consistent with all applicable regulations. Each party shall provide to the other any documents, services,
or insurance that may be reasonably required to
effectuate the purposes of this agreement.. All efforts
will be made to coordinate Service and dispensary
operations in a commercially reasonable manner.

   

		6.	Public
                                         Sub shall receive a non-dilutable 10% interest in the distributions,
                                         profits
                                         and equity of any or all entities that own or have the right to 100% of all dispensary
                                         operations, such that, inter alia, Public Sub is an owner of dispensary operations for
                                         the purposes of Nevada state and local regulations.
                                         Public
                                         Sub shall have the right,
                                         but not
                                         the obligation to “tag-along” with any sale or transfer of any direct or derivative
                                         interest in the dispensary
                                         operation on a pari-passu basis. At the option of Local, the voting rights associated
                                         with the interests described herein will be granted to a third party acceptable to the
                                         parties hereto..
                                         These interests will be
                                         fonnally
                                         documented by any and all necessary operating,
                                         management,
                                         and other agreements as may be appropriate.
                                         Such agreements
                                         will further provide for the maximal protection of Public Sub’s minority interests granted
                                         hereby. Any monies payable pursuant hereto will be paid to or at the direction of Public
                                         Sub.

 

		7.	All
                                         obligations of the CDA and the terms hereof shall be assumed in writing by any assignee,
                                         transferee, or successor of Local
                                         in the City and County dispensary licenses prior to any such transfer Local agrees in
                                         furtherance of the Separation Agreement between the parties, to include the terms of
                                         the CDA and the terms hereof
                                         in all
                                         management agreements that pertain to operation of Local’s City and County dispensaries.

  

    	 

    	 

    

 

		8.	Local
                                         shall reimburse Public Sub $307,413.78
                                         for expenses incurred in connection with the application and issuance of an approved
                                         provisional State certificate for
                                         both the
                                         City and County dispensaries.
                                         All monies
                                         included in such sum that were paid as deposits on real estate or otherwise shall be
                                         paid immediately upon the governmental approval of the transfers contemplated herein,
                                         in the minimum amount
of $61,080. The balance of said expenses shall be reimbursed from first sale proceeds of dispensary operations but in any event
no later than 2 years from the date the County Dispensary receives its final certificate of occupancy and opens for business.
In the event Local fails to receive the required State Certificate for the City Dispensary, Local can elect to defer payment of
$153,706.89 for a maximum of an additional 2 years.
Notwithstanding the foregoing, if Local finances the dispensary operations with a third party
such that the principals of local receive net cash proceeds, then all amounts due pursuant hereto shall become immediately due
and payable. In addition, Local shall assume the outstanding legal bills owed to Moran Brandon Bendavid Moran Law Firm
in the amount of $74,764.36 and agrees to indemnify Public Sub regarding payment of same to said firm. Moran Brandon Bendavid
Moran Law Finn acknowledges that Public Sub is not liable for this outstanding bill as evidenced by signature on page 4. Lastly
Local and its principals shall assist Public Sub in recouping any proceeds relating to the once-anticipated “Rainbow”
property.

 

		9.	All
                                         parties recognize that due to the time sensitivity of the subject certificates and licenses
                                         that time is of the essence. The parties therefore agree to cooperate with each other
                                         to complete and execute any government reporting or filing requirements, or any further
                                         documents, necessary to effectuate the purposes of this document and the BMOU in a timely
                                         fashion.
                                         All parties
                                         agree to sign the required Transfer applications, and other documents, within two business
                                         days of presentation to each other. Local warrants that all documents relating to the
                                         CDA and operating or management or other agreements referenced herein will be delivered
                                         to Public Sub in fair and reasonable draft form within 10 days of the execution of this
                                         agreement, and that no transfer of any kind to any third party will be made prior to
                                         the execution of acceptable formal documents implementing the purposes hereof.

 

		10.	In
                                         the event that Local does not raise sufficient capital to timely build out and begin
                                         dispensary operations, Public Sub reserves the right to purchase Local at an agreed upon
                                         appraised price, arrived at by any qualified investment banker of good repute chosen
                                         by the parties together in good faith.

  

		11.	The
                                         parties agree to cooperate with one another to the greatest extent possible in order
                                         to maximize the success of their businesses as are described herein.
                                         To that
                                         end, neither party or any principal or associate thereof will disparage the other party
                                         or any principal or associate thereof.

 

    	 

    	 

    

 

	 	Best
Regards,
	 	 
	 	/s/
James Meservey
	 	 
	 	James
Meservey, Manager

GBS Nevada Partners LLC

 

	Accepted this ___ day of August, 2015:
	 	 
	GB Sciences Nevada, LLC
	 	 
	/s/ Craig Ellins	 
	By: Craig Ellins
 Its: Manager
	 	 
	Acknowledged Item #8:
	 	 
	/s/ J.T. Moran	 
	J.T. Moran III, Managing Partner
	Moran Brandon Bendavid Moran Law Firm

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