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Item 5. Other Information

2026-04-08 compared with 2026-01-08 · 30 added, 35 removed, 36 unchanged (64% of the section changed)

3 unchanged sentences

Exhibit Number Description of Document

3.1 Amendment to Certificate of the Designations, Powers, Preferences and Rights of Series G Convertible Preferred Stock, filed with the Secretary of State of the State of Nevada on September 11, 2025 (Incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed with the SEC on September 12, 2025).

3.2 Amendment to Certificate of the Designations, Powers, Preferences and Rights of Series G Convertible Preferred Stock, filed with the Secretary of State of the State of Nevada on September 25, 2025 ( Incorporated by reference to Exhibit 3.1 to the Company ’ s Current Report on Form 8-K filed with the SEC on S eptember 26, 2025 ) .

3.3 Amendment to Certificate of the Designations, Powers, Preferences and Rights of Series G Convertible Preferred Stock, filed with the Secretary of State of the State of Nevada on October 14, 2025 ( Incorporated by reference to Exhibit 3.1 to the Company ’ s Current Report on Form 8-K filed with the SEC on October 1 7, 2025 ) .

3.4 Amendment to Certificate of the Designations, Powers, Preferences and Rights of Series G Convertible Preferred Stock, filed with the Secretary of State of the State of Nevada on October 21, 2025 ( Incorporated by reference to the Exhibit 3.1 to the Company ’ s Current Report on Form 8-K fi led with the SE C on October 21, 2025 ) .

3.5 Certificate of Amendment, dated November 6, 2025, to the Second Amended and Restated Articles of Incorporation, as amended ( Incorporated by reference to Exhibit 3.1 to the Company ’ s Current Report on Form 8-K filed with the SEC on November 6, 2025 ).

4.1 Form of Warrant ( Incorporated by reference to Exhibit 4.1 to the Company ’ s Current Report on Form 8-K filed with the SEC on October 9, 2025 ).

4.2 Indenture, dated as of November 20, 2025, among APLD ComputeCo LLC, APLD HPC Holdings 2 LLC, the Subsidiary Guarantors as defined therein and Wilmington Trust, National Association, as trustee and collateral agent, relating to the 9.250% senior secured notes ( Incorporated by reference to Exhibit 4.1 to the Company ’ s Current Report on Form 8-K filed with the SEC on N ovember 20, 2025 ) .

4.1 Indenture, dated as of March 1 0, 202 6 , among APLD ComputeCo 2 L LC , the Subsidiary Guarantors as defined therein and Wilmington Trust, National Association, as trustee and collateral agent, relating to the 6.7 50% senior secured notes (Incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed with the SEC on March 10, 2026 ).

4.2 Form of Note representing the 6.750% Senior Secured Notes due 2031 (included as Exhibit A to Exhibit 4.1).

Promissory Note, dated September 9, 2025, issued by APLD FAR-01 LLC and payable to Macquarie Equipment Capital, Inc.

( Incorporated by reference to Exhibit 10.1 to the Company ’ s Current Report on Form 8-K filed with the SEC on September 12, 2025 ).

10.2 Parent Guarantee, dated September 9, 2025, issued by Applied Digital Corporation in favor of Macquarie Equipment Capital, Inc.

( Incorporated by reference to Exhibit 10.

2 to the Company’s Current Report on Form 8-K filed with the SEC on September 12, 2025 ) .

Guarantee and Collateral Agreement, dated September 9, 2025, by and among APLD FAR-01 LLC, APLD FAR Holdings LLC, APLD FAR-02 LLC, and Macquarie Equipment Capital, Inc.

( Incorporated by reference to Exhibit 10.

3 to the Company’s Current Report on Form 8-K filed with the SEC on September 12, 2025 ) .

Form of Second Amendment to Preferred Equity Purchase Agreement, dated September 11, 2025, by and between the Company and the investors signatory thereto.

( Incorporated by reference to Exhibit 10.

4 to the Company’s Current Report on Form 8-K filed with the SEC on September 12, 2025 ) .

Amended and Restated Unit Purchase Agreement, dated October 3, 2025, by and among Applied Digital Corporation, APLD HPC TopCo LLC, APLD HPC TopCo 2 LLC and MIP HPC Holdings, LLC ( Incorporated by reference to Exhibit 10 .1 to the Company’s Current Report on Form 8-K filed with the SEC on October 9, 2025 ).

Amended and Restated Limited Liability Company Agreement of APLD HPC Topco 2 LLC, dated October 6, 2025, by and among APLD Holdings 2 LLC and MIP HPC Holdings, LLC, and solely for limited purposes as set forth therein, Macquarie Infrastructure Partners VI SCSp, Macquarie Infrastructure Partners VI, L.P.

and Applied Digital Corporation ( Incorporated by reference to Exhibit 10.

2 to the Company’s Current Report on Form 8-K filed with the SEC on October 9, 2025 ).

10.7 Registration Rights Agreement, dated October 6, 2025, by and between Applied Digital Corporation, MIP VI DC REIT AIV, L.P.

and MIP VI REIT AIV, L.P.

(I ncorporated by reference to Exhibit 10.

3 to the Company’s Current Report on Form 8-K filed with the SEC on October 9, 2025 ) .

Third Amendment to Preferred Equity Purchase Agreement, dated October 7, 2025, by and between the Company and the investors signatory thereto ( Incorporated by reference to Exhibit 10.5 to the Company ’ s Quarterly Report on Form 10-Q filed with the SEC on October 9, 2025 ) .

Fourth Ame ndment to Preferred Equity Purchase Agreement, dated October 21, 2025, by and between the Co mpany an d the investors signatory thereto ( Incorporated by reference to Exhibit 1 0.1 to the Company ’ s Current Report on Form 8-K filed with the SEC on October 21, 2 0 25 ).

First Amendment to the Applied Digital Corporation 2024 Omnibus Equity Incentive Plan ( Incorporated by reference to Exhibit 10.1 to the Company ’ s Current Report on Form 8-K filed with the SEC on November 6, 2025 ).

Promissory Note, dated December 18, 2025, issued by APLD DevCo LLC and payable to Macquarie Equipment Capital, Inc.

Fourth Amendment to Preferred Equity Purchase Agreement, dated October 21, 2025, by and between the Company and the investors signatory thereto (Incorporated by re ference to Exhibit 10.1 to the Company ’ s Current Report on Form 8-K filed with the SEC on October 21, 2025) .

10.2^† Promissory Note, dated December 18, 2025, issued by APLD DevCo LLC and payable to Macquarie Equipment Capital, Inc.

(Incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on December 22, 2025) .

1 unchanged sentence

(Incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the SEC on December 22, 2025) .

Guarantee and Collateral Agreement, dated December 18, 2025, by APLD DevCo LLC, APLD Intermediate HoldCo LLC, and the other Grantors defined therein in favor of Macquarie Equipment Capital, Inc.

10.4^† Guarantee and Collateral Agreement, dated December 18, 2025, by APLD DevCo LLC, APLD Intermediate HoldCo LLC, and the other Grantors defined therein in favor of Macquarie Equipment Capital, Inc.

(Incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the SEC on December 22, 2025) .

Performance Stock Unit Award, dated January 6, 2026, by and between Applied Digital Corporation and Wes Cummins (Incorporated by reference to Exhibit 1 0.1 to the Company ’ s Current Report on Form 8-K Filed with the SEC on January 8, 2026) .

Restr icted Stock Unit Award, dated January 6, 2026, by and between Applied Digital Corporation and Wes Cummins (Incorporated by reference to Exhibit 10.

2 to the Company’s Current Report on Form 8-K Filed with the SEC on January 8, 2026).

Performance Stock Unit Award, dated January 6, 2026, by and between Applied Digital Corporation and Wes Cummins (Incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K f iled with the SEC on January 8, 2026).

Restricted Stock Unit Award, dated January 6, 2026, by and between Applied Digital Corporation and Wes Cummins (Incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K f iled with the SEC on January 8, 2026).

10.7# Amendment No.

1 , effective as of January 14, 2026, to the Employment Agreement, dated August 1, 2025, by and between Applied Digit al Corporation and Jason Zhang (Incorporated by reference to Exhibit 10.1 to the Company ’ s Current Report on Form 8-K filed with the SEC on Jan uary 16, 202 6) .

10.8# Performance Stock Unit Award, dated February 6, 2026, by and between Applied Digital Corporation and Jason Zhang (Incorporated by reference to Exhibit 10.1 to the Company ’ s Current Report on Form 8-K filed with the SEC on February 9, 2026) .

10.9# Performance Stock Unit Award, dated February 6, 2026, by and between Applied Digital Corporation and Saidal Mohmand (Incorporated by reference to Exhibit 10.

2 to the Company’s Current Report on Form 8-K filed with the SEC on February 9, 2026) .

10.10# Restricted Stock Unit Award, dated February 6, 2026, by and between Applied Digital Corporation and Jason Zhang (Incorporated by reference to Exhibit 10.

3 to the Company’s Current Report on Form 8-K filed with the SEC on February 9, 2026) .

10.11# Restricted Stock Unit Award, dated February 6, 2026, by and between Applied Digital Corporation and Saidal Mohmand (Incorporated by reference to Exhibit 10.

4 to the Company’s Current Report on Form 8-K filed with the SEC on February 9, 2026) .

Contribution and Exchange Agreement, dated February 15, 2026, by and among Ekso Bionics Holdings, Inc., APLD ChronoScale Holdco LLC, APLD Intermediate Holdco LLC, and Applied Digital Cloud Corporation (Incorporated by reference to Exhibit 10.1 to the Comp any ’ s Current Report on Form 8-K filed with the SEC on February 17, 2026) .

10.13 Form of Investor Rights Agreement by and between ChronoScale Corporation and APLD ChronoScale Holdco LLC ( Incorporated by reference to Exhibit 10.

2 to the Company’s Current Report on Form 8-K filed with the SEC on February 17, 2026) .

10.14 Guarantee, dated February 26, 2026, by Applied Digital Corporation in favor of the Babcock & Wilcox Company (Incorporated by reference to Exhibit 10.1 to the Company ’ s Current Report on Form 8-K filed with the SEC on March 4, 2026).

10.15# Amended and Restated Performance Stock Unit Award , by and between Applied Digital Corporation and Jason Zhang (Incorporated by reference to the Exhibit 10.1 to the Company ’ s Current Report on Form 8-K/A filed with the SEC on March 13, 202 6).

10.16* Amendment No.

1, effective as of February 24, 2026, to the Promissory Note, dated December 18, 2025, issued by APLD DevCo LLC and payable to Macquarie Equipment Capital, Inc.

Unconditional Springing Guaranty of Payment and Performance, dated March 30, 2026, by and between APLD ELN-02 LLC and CoreWeave, Inc.

(Incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on April 1, 2026) .

Unconditional Springing Guaranty of Payment and Performance, dated March 30, 2026, by and between APLD ELN-03 LLC and CoreWeave, Inc.

(Incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the SEC on April 1, 2026).

Assignment, Assumption and Consent, dated March 30, 2026, by and among APLD ELN-03 LLC, CoreWeave, Inc.

and CoreWeave Compute Acquisition Co.

(Incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the SEC on April 1, 2026).

31.1* Chief Executive Officer’s Certificate Pursuant to 15 U.S.C.

19 unchanged sentences

# Management compensatory agreement.

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Dallas, Texas on January 8, 2026.

APPLIED DIGITAL CORPORATION

5 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 5. Other Information