Amendment No. 2 to Executive Employment Agreement, dated October 15, 2024, by and between Applied Digital Corporation and David Rench

Exhibit 10.2

AMENDMENT NO. 2 TO

EXECUTIVE EMPLOYMENT CONTRACT

This Amendment to the Executive Employment Contract is made as of October 15, 2024, by and between Applied Digital Corporation (the “Employer”) and David Rench (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:

“The Employer agrees to employ the Employee as the Chief Administrative Officer of the Employer for 40 hours per week.”

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