Second Amendment to Promissory Note Between Borealis Foods Inc. and Roya Foods, Inc. (December 30, 2024)

Exhibit 10.2

SECOND AMENDMENT TO PROMISSORY NOTE

This Second Amendment to Promissory Note is entered into as of this 30th day of December, 2024 (“Effective Date”) by and between Borealis Foods Inc., an Ontario corporation with a principal place of business at 1540 Cornwall Rd., Suite 104, Oakville Ontario, L6J 7W5 (the “Maker”) and Roya Foods, Inc. a entity incorporated under the laws of the State of Delaware, and registered to carry on business in the State of South Carolina at 4160 Columbia Highway, Saluda, SC 29138 (the “Holder”).

WHEREAS, the Maker executed a promissory note for the benefit of the Holder dated April 17, 2023, and amended on December 29, 2023, in the amount of US$500,000.00 (the “Promissory Note”);

WHEREAS, the Promissory Note is due to mature on December 31, 2024 (the “Maturity Date”);

WHEREAS, the Maker and the Holder have agreed to extend the Maturity Date;

NOW, THEREFORE, in consideration of the mutual covenants set forth herein, and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

IN WITNESS WHEREOF, the parties hereby have caused this Amendment to be executed by their authorized agents effective as of the date first above written.