Company: DJTWW
Filing Date: 2025-02-14
Form Type: 424B3
Source: 0001140361-25-004848
Chunk: 232

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-02-14
Form: 424B3
Chunk 232
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 f/k/a Trump Media Group Corp. (“Company,” or “TMTG”) and Phillip Juhan(“Employee”), entered into an employment letter agreement made effective as of July 7, 2021 (“Employment Agreement”); WHEREAS, Company and Employee executed an Amendment to Employment Agreement made effective as of December 31, 2021 (“Amendment”); WHEREAS, Company and Employee now desire to further amend the Employment Agreement, as set forth herein; NOW, THEREFORE, in consideration of the mutual covenants set forth in the Employment Agreement and intending to be legally bound, Company and Employee agree as follows, as of the date of the last signature hereto:

| 1. | Section 4.1 of the Employment Agreement is hereby amended by adding the following after “Your Base Salary will be increased automatically to no less than $325,000 and $350,000 on the first and second 
 anniversaries, respectively, of your start date.”:                                                                                                                                                      |

“Effective as of the date of the closing of Company’s anticipated business combination with Digital World Acquisition Corp.(“DWAC”) (“Closing Date”), Employee’s Base Salary shall automatically increase to an annualized rate of $365,000.”

| 2. | Section 4.2 of the Employment Agreement is hereby amended by adding the following at the end: |

“Following and contingent upon the closing of the first of the following to occur after March 6, 2024: (i) a merger between the Company and a Special Purpose Acquisition Company, including, without limitation, the Company’s anticipated business combination with DWAC, (ii) an initial public offering; (iii) a Qualified Private Equity Raise, or (iv) a Change of Control, Employee shall receive a one-time retention bonus of $600,000. The retention bonus shall be paid in a single lump sum cash payment, less applicable tax and other withholdings, as soon as practicable, and in any event within 30 days, after such closing. In the event of a business combination between the Company and 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. For the purposes of the foregoing, “Qualified Private Equity Raise” means one transaction, or a series of