SEC Contract Filing

Filing Date: 2017-11-02

Document Content:
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<TYPE>EX-10.2
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<FILENAME>ex10-2.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>AMENDMENT
TO RETENTION AGREEMENT</U></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
AMENDMENT TO RETENTION AGREEMENT (this &ldquo;<B>Agreement</B>&rdquo;) is entered into as of the 1<SUP>st</SUP> day of November
2017 (the &ldquo;<B>Effective Date</B>&rdquo;) by and between Doug Croxall (the &ldquo;<B>Employee</B>&rdquo;) and Marathon Patent
Group, Inc., a Nevada corporation, and subsidiaries (the &ldquo;<B>Company</B>&rdquo;, and together with the Employee, the &ldquo;<B>Parties</B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS,
</B>Employee has been continuously employed as the Chief Executive Officer and Chairman of the Board of Directors of the Company
pursuant to that certain Executive Employment Agreement dated as of November 14, 2012, as amended on November 18, 2013 (the &ldquo;<B>Employment
Agreement</B>&rdquo;);</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS,
</B>the Parties entered into a Retention Agreement dated August 22, 2017 regarding the Employee&rsquo;s employment with the Company
which agreement was amended on September 29, 2017 (as amended the &ldquo;Retention Agreement&rdquo;); and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS,
</B>the Parties desire to enter into this Agreement providing for Employee&rsquo;s continuation as Chief Executive Officer and
Chairman of the Board of Directors of the Company for until such time as provided herein following the Effective Date of this
Agreement, for Employee&rsquo;s amicable resignation from the Company&rsquo;s employment and for such other agreements as are
set forth herein. In the event that no change is made herein, the provisions of the Retention Agreement shall govern.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE,</B> in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Parties hereby agree to the
following amendments to the Retention Agreement and certain additional changes to the Retention Agreement as set forth herein:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment
of Employment Termination Date</U>. Notwithstanding the terms set forth in Section 2(c) of the Retention Agreement, Employee acknowledges
that his last day of employment with the Company shall be changed to the earlier of (i) December 31, 2017, and (ii) the occurrence
of a Change of Control (as defined in the Retention Agreement) (the &ldquo;<B>Employment Termination Date</B>&rdquo;). Employee
further understands and agrees that, as of the Employment Termination Date, he will no longer be authorized to conduct any business
on behalf of the Company as an executive or to hold himself out as an officer, employee or director of the Company. Any and all
positions and/or titles held by Employee with the Company will be deemed to have been resigned as of the Employment Termination
Date.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;&nbsp;&nbsp;&nb