Amendment to Stock Option Grant Agreement between Edgemode, Inc. and Charlie Faulkner (January 25, 2023)
Edgemode, Inc. and Charlie Faulkner have agreed to amend a previous stock option grant dated January 31, 2022. The amendment reduces the exercise price for Charlie Faulkner's option to purchase 31,979,352 shares of company common stock to $0.06 per share. All other terms of the original agreement remain unchanged. The amendment becomes effective once Charlie Faulkner signs and returns the document.
Exhibit 10.1
EDGEMODE, INC.
January 25, 2023
Attention: Charlie Faulkner
Re: Amendment to Stock Option Grant dated January 31, 2022
Dear Charlie,
This Amendment amends that certain Stock Option Grant dated January 31, 2022 (the “Option”) of an option to purchase 31,979,352 shares of EDGEMODE, INC. (formerly known as Fourth Wave Energy, Inc.) (the “Company”) common stock.
| 1. | Amendment. Section 1 of the Option is amended and restated in its entirety to reduce the Option Price as follows: |
“Grant of Option. Subject to the terms and conditions set forth in this Stock Option Grant, the Company hereby grants to the Employee an option (“Option”) to purchase 31,979,352 shares of common stock of the Company (“Option Shares”) at an exercise price of $0.06 per Share (the “Option Price”). The Option shall become exercisable according to Paragraph 2 below.”
| 2. | No Other Amendment. Except as specifically amended pursuant to this Amendment, the Agreement remains in full force and effect in accordance with its terms. |
| 3. | Effectiveness. This Amendment will become effective upon your acknowledgment of the terms and conditions of this Amendment and your delivery to us of a signed counterpart of this Amendment. |
Very truly yours,
/s/ Simon Wajcenberg_____
Name: Simon Wajcenberg
Its: Chief Financial Officer
AGREED TO AND ACCEPTED THIS
25th DAY OF JANUARY 2023
/s/ Charlie Faulkner________________________________
Charlie Faulkner
