Second Amendment to Employment Agreement between Trump Media & Technology Group Corp. and Andrew Northwall

Summary

Trump Media & Technology Group Corp. and Andrew Northwall have agreed to further amend Northwall's employment agreement. The amendment updates the terms regarding a retention bonus in the event of a business combination with Digital World Acquisition Corp., clarifying that the definition of "Cause" in the employment agreement also applies to the related Retention Bonus Agreement. Additionally, it updates a reference to a promissory note, replacing it with an amended and restated version dated March 7, 2024. Both parties have signed and agreed to these changes.

EX-10.14 6 ef20039039_ex10-14.htm EXHIBIT 10.14

Exhibit 10.14

Second Amendment to Employment Agreement
 
WHEREAS, Trump Media & Technology Group Corp. (“Company,” or “TMTG”) and Andrew Northwall (“Employee”), entered into an employment agreement made effective as of December 20, 2021 (“Agreement”);
 
WHEREAS, Company and Employee executed an First Addendum to Employment Agreement effective as of December 30, 2023; and
 
WHEREAS, Company and Employee executed an Amendment to Employment Agreement effective as of March 7, 2024; and
 
WHEREAS, Company and Employee now desire to further amend the Agreement as set forth herein;
 
NOW, THEREFORE, in consideration of the mutual covenants set forth in the Agreement and intending to be legally bound, Company and Employee agree as follows, as of the date of the last signature hereto:
 

1.
Section 3(d) of the Agreement is hereby renumbered as Section 3(c) and amended by adding the following after: “In the event of a business combination between the Company and Digital World Acquisition Corp. (“DWAC”), such retention bonus shall be paid in accordance with the Retention Bonus Agreement, effective as of February 12, 2024, between DWAC and the Company”:
 
“provided, however, that the definition of “Cause” herein shall also serve as a definition of “Good Cause” for purposes of such Retention Bonus Agreement”.
 

2.
Section 14(e) of the Agreement is hereby amended by deleting the words “promissory note dated March 5, 2024” and replacing them with “amended and restated convertible promissory note dated March 7, 2024”.

COMPANY EMPLOYEE
   
By: 
/s/ Scott Glabe  
By: 
/s/ Andrew Northwall  
   
Scott Glabe, General Counsel
Andrew Northwall
   
DATE: 3/9/2024
DATE: 3/11/2024