Amendment No. 2 to Change of Control Agreement between Franklin Wireless Corp. and Yun J. Lee, dated September 11, 2024

Summary

Franklin Wireless Corp. and Yun J. (“David”) Lee have agreed to extend the term of their existing Change of Control Agreement, originally signed on October 1, 2020 and previously amended, through October 1, 2027. This amendment confirms the new expiration date and is signed by both parties. No other terms of the agreement are changed by this amendment.

EX-10.11 5 franklin_ex1011.htm AMENDMENT NO. 2 TO CHANGE OF CONTROL AGREEMENT, DATED SEPTEMBER 11, 2024, BETWEEN FRANKLIN WIRELESS CORP. AND YUN J. LEE

Exhibit 10.11

September 11, 2024

Yun J. (“David”) Lee

c/o Franklin Wireless Corp.

3940 Ruffin Road

Suite C

San Diego, CA 92123

Re: Amendment No. 2 to Change of Control Agreement between Franklin Wireless Corp. and Yun J. (“David”) Lee, dated September 11, 2024

Dear Mr. Lee

This is to confirm that the term of the Change of Control Agreement between you and Franklin Wireless Corp., originally dated October 1, 2020 and amended on September 25 2023, is hereby extended through October 1, 2027.

Very Truly Yours,

Franklin Wireless Corp.

By: _/s/ Gary Nelson______________________

Gary Nelson

Chairman of the Board, Franklin Wireless Corp.

By:_/s/ David Lee________________________

Yun J. (“David”) Lee

SVP Sales, Franklin Wireless Corp.

3940 Ruffin Road Ste C San Diego, CA 92123 ###-###-####