AMENDMENT NO. 2 TO EXECUTIVE EMPLOYMENT CONTRACT
Exhibit 10.2
AMENDMENT NO. 2 TO
This Amendment to the Executive Employment Contract is made as of October 15, 2024, by and between Applied Digital Corporation (the “Employer”) and ▇▇▇▇▇ ▇▇▇▇▇ (the “Employee”), effective as of October 15, 2024 (the “Effective Date”).
WITNESSETH:
WHEREAS, the Employer and the Employee entered into an Executive Employment Contract on November 1, 2021, as amended September 5, 2023 (as amended, the “Agreement”);
WHEREAS, the Employer and the Employee desire to amend the Agreement to reflect a change in the Employee’s title;
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and intending to be legally bound hereby, the parties hereby agree as follows:
| 1. | Paragraph 3 of the Agreement is hereby amended and restated to read as follows: |
“The Employer agrees to employ the Employee as the Chief Administrative Officer of the Employer for 40 hours per week.”
| 2. | All other terms and conditions of the Agreement shall remain in full force and effect, except as expressly modified herein. |
IN WITNESS WHEREOF, the parties have executed and delivered this Amendment as of the date first written above.
| APPLIED DIGITAL CORPORATION | ▇▇▇▇▇ ▇▇▇▇▇ | ||
| By: | /s/ ▇▇▇ ▇▇▇▇▇▇▇ | /s/ ▇▇▇▇▇ ▇▇▇▇▇ | |
| Name: | ▇▇▇ ▇▇▇▇▇▇▇ | ||
| Title: | CEO | ||