Exhibit 10.2

AMENDMENT NO. 2 TO SECURED PROMISSORY NOTE

This Amendment No. 2 to Secured Promissory Note, dated January 23, 2026 (the “Amendment”) is entered into by and among NKGen Biotech, Inc., a Delaware corporation (the “Company”), NKGen Operating Biotech, Inc., a Delaware corporation (the “Company Sub,” together with the Company, the “Borrowers,” and each, a “Borrower”) and AlpineBrook Capital GP I Limited (“Lender”). Capitalized terms used in this Amendment and not otherwise defined in this Amendment have the respective meanings ascribed to them in the Note (as defined below).

Recitals

A. Borrowers issued that certain secured promissory note (the “Original Note”) on January 5, 2026 to Lender in the principal amount of US$25,840,106, and the parties entered into an amendment to secured promissory note on January 12, 2026 (the “Amendment No. 1,” together with the Original Note, the “Note”) to increase the principal amount of the Original Note to US$26,135,106.

B. Borrowers have requested Lender to extend an additional US$372,000 new loan (the “Third Additional New Loan”) to Borrowers and the parties desire to amend the Note as set forth in this Amendment.

Agreement

In consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

1. Principal Amount. The amount corresponding to “Principal Amount of Note” at the beginning of the Note is hereby amended and restated to be “US$26,507,106.”

2. Obligations. For all purposes under the Note, the term “Obligations” shall mean all present and future obligations and liabilities (whether actual or contingent and whether owed jointly or severally or in any other capacity whatsoever) of Borrowers to Lender, under or pursuant to the Note, as amended by this Amendment.

3. Additional New Loan. For all purposes under the Note, the term “Additional New Loan” shall mean the US$300,000 extended by Lender to Borrowers on January 5, 2026, the US$295,000 extended by Lender to Borrowers in connection with Amendment No. 1 (the “Second Additional New Loan”), and the Third Additional New Loan.

4. Interest. Section 1(c) of the Note is hereby amended by deleting the new sentence inserted under Section 4 of the Amendment No. 1 in its entirety and replacing with the bellow:

“Interest on US$25,840,106 of the Principal Amount shall start to accrue on January 5, 2026, interest on the Second Additional New Loan shall start to accrue on January 12, 2026, and interest on the Third Additional New Loan shall start to accrue on January 23, 2026.”

5. U.S. Personal Property. Section 1(f)(i)(ii) of the Note is hereby deleted in its entirety and replaced by the below:

“(ii) conditioned on obtaining any required third-party consents, approvals or intercreditor arrangements from East West Bank and BDW Investments LLC,”

6. Convertible Loans. Section 1 of the Note is hereby amended by inserting the following as the new sub-section (g):

“(g) Borrowers shall use best efforts to engage in good faith negotiations with Lender regarding potential amendments to the Note, or any related agreements between Borrowers and Lender, with a view toward consolidating such documents into one or more convertible loan arrangements on terms and conditions mutually satisfactory to the Borrowers and the Lender.”

7. Public Disclosure. Section 1 of the Note is hereby amended by inserting the following as the new sub-section (h):

“(h) Borrowers shall not, and shall procure that all Group Companies shall not, make any securities filing, issue any press release, or otherwise make any public disclosure regarding or involving Lender or any transaction with Lender without first providing the proposed disclosure to Lender for review. Lender shall have twenty-four (24) hours from delivery of such proposed disclosure to notify Borrowers in writing of any objections or required changes, which consent shall not be unreasonably withheld, conditioned, or delayed. If Lender does not provide written notice of objection within such twenty-four (24) hour period, Lender shall be deemed to have approved the proposed disclosure. Nothing herein shall restrict Borrowers from making any disclosure required by law, provided that Borrowers shall, to the extent reasonably practicable, give Lender prior notice and a reasonable opportunity to comment..”

8. Representations and Warranties. Each Borrower hereby jointly and severally represents and warrants to Lender that the representations and warranties set forth under Section 5 of the Note are true and correct in all respects as of the date hereof.

9. Effect of Amendment. Upon the effectiveness of this Amendment, each reference in the Note to “this Note,” “hereunder,” “hereof,” “herein,” or words of like import shall mean and be a reference to the Note, as amended by this Amendment, and each reference to the Note in any other document, instrument or agreement executed or delivered in connection with the Note shall mean and be a reference to the Note, as amended by this Amendment. All other terms and conditions of the Note not specifically amended by this Amendment will be unaffected hereby and remain in full force and effect.

10. Miscellaneous. Section 7 (Miscellaneous Provisions) of the Note is hereby incorporated by reference and shall apply to this Amendment, mutatis mutandis.

[Signature Page Follows]

In Witness Whereof, the undersigned have caused this Amendment No. 2 to Secured Promissory Note to be executed and delivered on the date first above written.

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO SECURED PROMISSORY NOTE]

In Witness Whereof, the undersigned have caused this Amendment No. 2 to Secured Promissory Note to be executed and delivered on the date first above written.

[SIGNATURE PAGE TO AMENDMENT NO. 2 TO SECURED PROMISSORY NOTE]