SEC Contract Filing

Filing Date: 2023-03-31

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tm2311191d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>SECOND
AMENDMENT TO </B></FONT><B><FONT STYLE="text-transform: uppercase">first amended and restated executive employment agreement</FONT></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
is a contractual amendment to the </FONT><I>First Amended and Restated Executive Employment Agreement</I> between <FONT STYLE="text-transform: uppercase"><B>iSpecimen,&nbsp;Inc.</B></FONT>
(the &ldquo;Company&rdquo;) and <FONT STYLE="text-transform: uppercase"><B>TRACY WILSON CURLEY</B></FONT> (the &ldquo;Executive&rdquo;),
executed on October&nbsp;24<SUP>th</SUP>, 2022, as previously amended by the First Amendment to the First Amended and Restated Executive
Employment Agreement, executed on January&nbsp;24, 2023 (collectively, the &ldquo;Agreement&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,</FONT>
the Company and Executive do now mutually desire to further amend the Agreement by entering into this Second Amendment to the Agreement
(the &ldquo;Second Amendment&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW,
THEREFORE</FONT>, in consideration of the mutual promises and covenants contained in this Second Amendment, and such other good, and valuable
consideration the receipt of which the parties hereby acknowledge, the parties agree to amend their Agreement as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Section&nbsp;1
(Title, Position&nbsp;&amp; Responsibilities) of the Agreement shall be amended to include the following paragraph, as the third paragraph
of the Section&nbsp;1:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">For so long as Executive is employed as
the Chief Executive Officer of the Company under this Agreement, and subject to applicable law, the Company shall use its reasonable best
efforts to have its Nominating and Corporate Governance Committee or Board nominate Executive to serve as a member of the Board each year
that Executive is up for re-election and, if elected by the stockholders, Executive shall fulfill all duties required of a member of the
Board without any additional compensation. In the event Executive&rsquo;s employment as Chief Executive Officer is terminated in accordance
with this Agreement or Executive resigns or otherwise becomes unaffiliated with the Company, Executive shall, and does hereby agree to,
tender Executive&rsquo;s written resignation from the Board effective on the date of termination, resignation or non-affiliation unless
the Board requests that the Executive to continue to serve and the Executive agrees to do so. In such event, compensation for continued
service as a member of the Board shall be determined at such time in accordance with the policies then in effect with respect to other
non-employee directors.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Except
as expressly provided in this Second Amendment, each and every term and condition of the Agreement, shall remain unchanged, and are, by
this Second Amendment, specifically reaffirmed by, and binding on, the parties.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">* * *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="border-bottom: Black 1pt solid; width: 47%; text-align: left">3/31/2023</TD>
 <TD STYLE="width: 3%">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: justify; width: 50%">/s/ TRACY WILSON CURLEY</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left">Date</TD>
 <TD>&nbsp;</TD><TD STYLE="text-align: justify">TRACY WILSON CURLEY</TD></TR>
 </TABLE>

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