Exhibit
10.2


 





 


FOMO
CORP. ACQUIRES OWNERSHIP POSITION IN SMARTGUARD ENERGY


 


Chicago,
IL, September 30, 2021 – FOMO CORP. (https://www.fomoworldwide.com/ - US
OTC: FOMC) is pleased to announce that it has acquired a 40% position in SmartGuard Energy (SGE - https://smartguard-energy.com/)
by making a combined initial payment of cash and securities valued at approximately $9.2 million. FOMO CORP. is in discussions with potential
investors and intends to obtain the necessary funding to acquire the remaining 60% interest in SGE in the near future with confidence.


 


SGE
will function as a wholly owned subsidiary of FOMO consisting of LED Funding IV LLC (dba LED Funding: https://www.smartguard-solutions.com:
LEDF) and Lux Solutions LLC (www.luxsolutions.com: Lux) to operate as SmartGuard Energy LLC which has been incorporated in Wyoming
to combine the companies. Both LEDF and Lux operate in the clean energy efficiency and renewable energy spaces where their businesses
are expected to be major beneficiaries of an unprecedented amount of governmental and private sector stimulus funding to facilitate the
green energy revolution. LEDF has a leading presence in Puerto Rico and has pioneered the development of the “as a Service”
business model that generates a stream of long-term, annuitized-type revenues. LEDF also has significant institutional funding for its
projects. Lux has a recognized national presence and has multiple important strategic relationships with major names in the clean energy
efficiency space along with a high-profile list of clients who have endorsed the quality of their work and are using them currently on
projects or indicated an intent to use them on future projects. Lux is also well-positioned in California where it has now entered the
renewable energy space aided by recent California measures to require solar energy panels for new construction and renovations. SGE has
a robust sales pipeline with more than 200 projects representing over $30 million in gross revenue.


 


Bill
Butler, the CEO of SGE, stated: “We are very excited to become part of the FOMO family and look forward to being a major contributor
to FOMO’s future growth and profitability. We expect that we will be making major announcements shortly involving immediately actionable
business opportunities that have become available to us. Stay tuned.”


 


Vik
Grover, FOMO CORP. CEO, commented: “We are quite pleased to announce the initial investment in SGE and feel confident in our ability
to obtain the remaining funding to acquire 100% ownership of SGE in the near future. SGE has a very diversified and unique business model
that will provide FOMO CORP. with significant long-term and continuing revenues. We spent many months doing diligence on this transaction
and are comfortable it is the right move for our shareholders. It is gametime.


 


About
FOMO CORP.


 


FOMO
CORP. is a publicly traded company focused on business incubation and acceleration. The Company invests in and advises emerging companies
aligned with a growth mandate. FOMO is developing direct investment and affiliations - majority- and minority-owned as well as in joint
venture formats - that afford targets access to the public markets for expansion capital as well as spin-out options to become their
own stand-alone public companies.


 




    	 



    	 



    

 


Forward
Looking Statements:


 


Statements
in this press release about our future expectations, including without limitation, the likelihood that FOMO CORP. will be able to meet
minimum sales expectations, be successful and profitable in the market, bring significant value to FOMO CORP.’s stockholders, and
leverage capital markets to execute its growth strategy, constitute “forward-looking statements” within the meaning of Section
27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation
Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual
results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these
forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated
events, except as required by law. FOMO’s business strategy described in this press release is subject to innumerable risks, most
significantly, whether the Company is successful in securing adequate financing. Additionally, although the Company has announced letters
of intent to acquire additional companies, there is absolutely no assurances that any such transactions will result in a completed acquisition.
No information in this press release should be construed in any form, shape, or manner as an indication of the Company’s future
revenues, financial condition, or stock price.


 


Contact:


 


Wayman
Baker, PhD


EVP
Corporate Development


FOMO
CORP.


(630)
286-9560


ir@fomoworldwide.com


 


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