Applied Digital fixes PSU award error; existing Polaris Forge data centers now count toward hurdles

Applied Digital Corp.

Amended agreement with President Jason Zhang corrects scrivener's error that omitted existing Polaris Forge 1 data centers from PSU hurdle calculation.
Investment-grade hyperscaler requirement now applies only to First and Third Hurdles; any hyperscaler counts for Second and Fourth Hurdles.
Total PSUs unchanged at 1.5 million; vesting hurdles remain 600 MW for First/Third and 1.6 GW for Second/Fourth.
All contracts entered before award date now count toward hurdles; prior version only considered post-award contracts.

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