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Exhibit 10.2
 
FIRST AMENDMENT TO
EMPLOYMENT AGREEMENT

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendment”) is made and
entered into as of May 1, 2012, by and among American Energy Development Corp.
(formerly known as LJM Energy Corp.), a Nevada corporation (the “Corporation”)
and Joel Felix (the “Executive”). Capitalized terms used and not otherwise
defined herein that are defined in the Employment Agreement (as defined below)
shall have the meanings given such terms in the Employment Agreement.
 
A.  The Corporation and the Executive previously entered into an Employment
Agreement dated July 8, 2011 (the “Employment Agreement”) providing for the
terms and conditions pertaining to the Corporation’s employment of the
Executive.
 
B.  The Corporation and the Executive wish to amend the Employment Agreement to
increase the Executive’s monthly compensation to Eight Thousand Dollars ($8,000)
per month.
 
C. Each of the Corporation and the Executive desires to amend the Employment
Agreement by entering into this Amendment.
 
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereby agree as follows:
 
1. Section 3.1 of the Employment  Agreement is hereby amended to read in its
entirety as follows:
 
“3.1 Base Salary.  As compensation in full for the services to be rendered by
the Executive under this Agreement during the Term, the Corporation shall pay to
the Executive a base salary at a monthly rate of Eight Thousand Dollars ($8,000)
per month (the “ Base Salary”), which Base Salary shall be paid in accordance
with the Corporation’s normal payroll procedures and policies. The Base Salary
amount shall increase by an additional Five Hundred Dollars ($500) after the
last day of each of the Corporation’s fiscal quarters during the first fiscal
year of this Agreement.”

2. Except as and to the extent expressly amended by this Amendment, the
Employment Agreement remains in full force and effect in accordance with its
terms.
 
3. This Amendment may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered will be an original,
but all such counterparts will together constitute one and the same instrument.
Facsimiles and electronic copies in portable document format (“PDF”) containing
original signatures shall be deemed for all purposes to be originally signed
copies of the documents that are the subject of such facsimiles or PDF versions.
 

 
[Signatures on following page.]
 
 
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IN WITNESS WHEREOF, the undersigned have caused their duly authorized officers
to execute this Amendment as of the date first above written.
 
 
 

 

  AMERICAN ENERGY DEVELOPMENT CORP.             By: /s/ Herold Ribsskog      
Herold Ribsskog     Its: Chief Executive Officer            
 
 
EXECUTIVE
          By: /s/ Joel Felix       Joel Felix                  

 
 
 
 
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