Edgemode, Inc. and Charlie Faulkner Salary Conversion Agreement (February 20, 2025)
Edgemode, Inc. and its Chief Executive Officer, Charlie Faulkner, have agreed that $769,989 of Faulkner's accrued salary will be converted into 256,660,163 shares of restricted common stock in the company. By signing, Faulkner accepts these shares as full payment for the salary owed. This agreement is effective as of February 20, 2025.
Exhibit 10.3
EDGEMODE, INC.
Attention: Charlie Faulkner
Re: Salary Conversion
Dear Executive,
Edgemode, Inc. (the “Company”) in partial consideration of the Executive’s agreement to convert $769,989 of accrued salary (the “Conversion Amount”) under such agreement hereby issues Executive 256,660,163 shares of restricted common stock of the Company (the “Conversion Shares”) and the Executive accepts the Conversion Shares in full satisfaction of the Conversion Amount.
Very truly yours,
/s/ Simon Eajcenberg_________________
Simon Wajcenberg, Chief Financial Officer
Dated: February 20, 2025
AGREED TO AND ACCEPTED ON FEBRUARY 20, 2025
Executive
/s/ Charlie Faulkner________________
Charlie Faulkner, Chief Executive Officer
