# EDGAR Filing Document

**Accession Number:** 0001652958
**File Stem:** 0001683168-26-000957
**Filing Date:** 2026-2
**Character Count:** 33328
**Document Hash:** 0fd892a07eb41a56b0a487b9c03aa575
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683168-26-000957.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001683168-26-000957

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260210

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Edgemode, Inc.
- **CENTRAL INDEX KEY:** 0001652958
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-HOME HEALTH CARE SERVICES [8082]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 474046237
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-55647
- **FILM NUMBER:** 26626077

**BUSINESS ADDRESS:**
- **STREET 1:** 110 E. BROWARD BLVD. SUITE 1700
- **CITY:** FT. LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301
- **BUSINESS PHONE:** 707-687-9093

**MAIL ADDRESS:**
- **STREET 1:** 110 E. BROWARD BLVD. SUITE 1700
- **CITY:** FT. LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FOURTH WAVE ENERGY, INC.
- **DATE OF NAME CHANGE:** 20200415

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIERRE CORP.
- **DATE OF NAME CHANGE:** 20181113

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Wadena Corp.
- **DATE OF NAME CHANGE:** 20150911

?xml version='1.0' encoding='ASCII'? Edgemode, Inc. Form 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **February 10, 2026**

**Edgemode, Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **000-55647** | **47-4046237** |
| (State or Other Jurisdiction<br> of Incorporation) | (Commission<br> File Number) | (I.R.S. Employer<br> Identification No.) |

---

**110 E. Broward Blvd., Suite 1700, Ft. Lauderdale, FL 33301**

(Address of Principal Executive Offices, and Zip Code)

**(954) 380-3343**

Registrant's Telephone Number, Including Area Code

**________________________________**

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| None | Not Applicable | Not Applicable |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On February 10, 2026 the board of directors of Edgemode, Inc. (the "Company") approved grants to each of Charles Faulkner and Simon Wajcenberg, the Chief Executive Officer and Chief Financial Officer of the Company, respectively, of options to purchase up to 350,000,000 shares of the Company's common stock at an exercise price equal to the closing sale price of the Company's common stock as reported by OTC Markets on the trading day immediately preceding the date of grant, exercisable for a term of five years (the "Stock Options") in furtherance of their employment agreements with the Company. Each Stock Option shall each be a non-qualified option. 50% of the shares underlying each Stock Option shall become vested and exercisable upon the closing of a purchase agreement between the Company, or the Company's subsidiaries, and a solid oxide fuel cell supplier for a minimum power capacity of 100 MW, as determined by the Company's board of directors (the "Board"), and the remaining 50% shall become vested and exercisable upon the closing of an AI data center site sale agreement between the Company, or the Company's subsidiaries, and a buyer which is for a minimum capacity of 100 MW, as determined by the Board.

The foregoing descriptions of the Stock Options are qualified in their entirety by the full text of each Stock Option, filed herewith as Exhibits 10.1 and 10.2 and incorporated by reference into this Item 5.02.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit #** | **Exhibit Description** |
| 10.1 | [Stock Option Grant to Charles Faulkner dated February 10, 2026](edgemode_ex1001.htm) |
| 10.2 | [Stock Option Grant to Simon Wajcenberg dated February 10, 2026](edgemode_ex1002.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | Edgemode, Inc. | Edgemode, Inc. |
| Dated: February 12, 2026 | By: | /s/ *Charles Faulkner* |
|  | Name: | Charles Faulkner |
|  | Title: | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**<u>STOCK OPTION GRANT</u>**

This **STOCK OPTION GRANT** dated as of February 10th, 2026 (the "Grant") is delivered by Edgemode, Inc., a Nevada corporation (the "Company") to Charles Faulkner, the Chief Financial Officer of the Company (the "Employee").

**RECITALS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Board of Directors of the Company (the "Board") has decided to make a stock option grant to Employee as part of the consideration payable to Employee pursuant to an Executive Employment Agreement dated January 31, 2022, as amended (the "Employment Agreement").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Board has approved the grant of the options.

**NOW, THEREFORE**, the parties to this Grant, intending to be legally bound hereby, agree as follows:

1. **<u>Grant of Option</u>.** Subject to the terms and conditions set forth in this Grant, the Company hereby grants to the Employee an option ("Option") to purchase up to 350,000,000 shares of common stock of the Company ("Option Shares") at an exercise price equal to the closing sale price of the Company's common stock as reported by OTC Markets on the trading day immediately preceding the date of this Grant (the "Option Price"). The Option shall become exercisable according to Paragraph 2 below.

2. **<u>Exercisability of Option</u>.** The Option shall be a non-qualified option and shall automatically become vested and exercisable in accordance with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) 50% of the Option Shares shall vest upon the closing of a purchase agreement between the Company (and/or its subsidiary), and solid oxide fuel cell supplier for a minimum power capacity of 100 MW, as determined by the Board; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 50% of the Option Shares shall vest upon the closing of an AI data center site sale agreement between the Company (and/or its subsidiary) and a buyer which is for a minimum capacity of 100 MW, as determined by the Board.

3. **<u>Term of Option</u>.** The stated expiration date of the option shall be the five (5) year anniversary of the date hereof, subject to expiration on the termination date of the Employment Agreement in the event the Executive is terminated for "Cause" as defined under the Employment Agreement. Upon the termination or expiration of the Employment Agreement for any other reason, this Option shall expire on the five (5) year anniversary of the date hereof.

4. **<u>Exercise Procedures</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the provisions of Paragraphs 2 and 3 above, the Employee may exercise part or all of the exercisable Option by giving the Board written notice of intent to exercise in the manner provided in this Stock Option Grant, specifying the number of Shares as to which the Option is to be exercised. On the delivery date, the Employee shall pay the exercise price (i) in cash, or (ii) in the event the Company's common stock is publicly traded, with the approval of the Board, by delivering shares of the Company's common stock which shall be valued at their Fair Market Value (as defined below) on the date of delivery, or (iii) with the approval of the Board, by a combination of (i) and (ii). Fair Market Value of a share of Common stock as of a particular date (the "Determination Date") shall mean if the Company's common stock is traded on an exchange or is quoted on the NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ Capital Market, the NYSE American Stock Exchange or the OTC Markets, then the average of the closing sale prices of the common stock for the five (5) trading days immediately prior to (but not including) the Determination Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The obligation of the Company to deliver Option Shares upon exercise of the Option shall be subject to all applicable laws, rules, and regulations and such approvals by governmental agencies as may be deemed appropriate by the Board, including such actions as Company counsel shall deem necessary or appropriate to comply with relevant securities laws and regulations. The Company may require that the Employee represent that the Employee is purchasing Option Shares for the Employee's own account and not with a view to or for sale in connection with any distribution of the Shares, or such other representation as the Board deems appropriate. The Company shall withhold amounts required to be withheld for any taxes, if applicable. Subject to Board approval, the Employee may elect to satisfy any income tax withholding obligation of the Company with respect to the Option by having Option Shares withheld up to an amount that does not exceed the minimum applicable withholding tax rate for federal (including FICA), state and local tax liabilities.

5. **<u>Reservation of Common stock</u>**. The Company hereby represents and warrants that there have been reserved, and the Company shall at all applicable times keep reserved until issued (if necessary) as contemplated by this Section 5, out of the authorized and unissued shares of common stock, sufficient shares to provide for the exercise of the rights of purchase represented by this Option. The Company agrees that all Option Shares issued upon due exercise of the Option shall be, at the time of delivery of the certificates for such Option Shares, duly authorized, validly issued, fully paid and non-assessable shares of common stock of the Company.

6. **<u>Adjustments</u>**. Subject and pursuant to the provisions of this Section 6, the Option Price and number of Option Shares subject to this Option shall be subject to adjustment from time to time as set forth hereinafter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Company shall, at any time or from time to time while this Option is outstanding, pay a dividend or make a distribution on its common stock in shares of common stock, subdivide its outstanding shares of common stock into a greater number of shares or combine its outstanding shares of common stock into a smaller number of shares or issue by reclassification of its outstanding shares of common stock any shares of its capital stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), then (i) the Option Price in effect immediately prior to the date on which such change shall become effective shall be adjusted by multiplying such Option Price by a fraction, the numerator of which shall be the number of shares of common stock outstanding immediately prior to such change and the denominator of which shall be the number of shares of Common stock outstanding immediately after giving effect to such change and (ii) the number of Option Shares purchasable upon exercise of this Option shall be adjusted by multiplying the number of Option Shares purchasable upon exercise of this Option immediately prior to the date on which such change shall become effective by a fraction, the numerator of which is shall be the Option Price in effect immediately prior to the date on which such change shall become effective and the denominator of which shall be the Option Price in effect immediately after giving effect to such change, calculated in accordance with clause (i) above. Such adjustments shall be made successively whenever any event listed above shall occur.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In case the Company shall do any of the following (each, a "Triggering Event"): (i) consolidate or merge with or into any other Person (as defined below) and the Company shall not be the continuing or surviving corporation of such consolidation or merger, or (ii) permit any other Person to consolidate with or merge into the Company and the Company shall be the continuing or surviving Person but, in connection with such consolidation or merger, any capital stock of the Company shall be changed into or exchanged for securities of any other Person or cash or any other property, or (iii) transfer all or substantially all of its properties or assets to any other Person, or (iv) effect a capital reorganization or reclassification of its capital stock, then, and in the case of each such Triggering Event, proper provision shall be made to the Option Price and the number of Option Shares that may be purchased upon exercise of this Option so that, upon the basis and the terms and in the manner provided in this Option, the Optionholder of this Option shall be entitled upon the exercise hereof at any time after the consummation of such Triggering Event, to the extent this Option is not exercised prior to such Triggering Event, to receive at the Option Price as adjusted to take into account the consummation of such Triggering Event, in lieu of the common stock issuable upon such exercise of this Option prior to such Triggering Event, the securities, cash and property to which such Optionholder would have been entitled upon the consummation of such Triggering Event if such Optionholder had exercised the rights represented by this Option immediately prior thereto (including the right of a shareholder to elect the type of consideration it will receive upon a Triggering Event), subject to adjustments (subsequent to such corporate action) as nearly equivalent as possible to the adjustments provided for elsewhere in this Section 6, and the Option Price shall be adjusted to equal the product of (A) the closing price of the common stock of the continuing or surviving corporation as a result of such Triggering Event as of the date immediately preceding the date of the consummation of such Triggering Event multiplied by (B) the quotient of (i) the Option Price divided by (ii) the Fair Market Value per share of common stock as of the date immediately preceding the issuance date of this Option. Immediately upon the occurrence of a Triggering Event, the Company shall notify the Optionholder in writing of such Triggering Event and provide the calculations in determining the number of Option Shares issuable upon exercise of the new Option and the adjusted Option Price. Upon the Optionholder's request, the continuing or surviving corporation as a result of such Triggering Event shall issue to the Optionholder a new Option of like tenor evidencing the right to purchase the adjusted number of Option Shares and the adjusted Option Price pursuant to the terms and provisions of this Section 6(b). For purposes of this Section 6(b), "Person" means any individual, corporation, partnership, joint venture, limited liability company, association or any other entity.

7. **<u>No Employment or Other Rights</u>.** The grant of the Option shall not confer upon the Employee any right to be retained by or in the employ or service of the Company and shall not interfere in any way with the right of the Company to terminate the Employment Agreement.

8. **<u>No Shareholder Rights</u>.** Neither the Employee, nor any person entitled to exercise the Employee's rights in the event of Employee's death, shall have any of the rights and privileges of a shareholder with respect to the Shares subject to the Option, until certificates for Shares have been issued upon the exercise of the Option.

9. **<u>Assignment and Transfers</u>.** The rights and interests of the Employee under this Grant may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Employee, by will or by the laws of descent and distribution. In the event of any attempt by the Employee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunder, except as provided for in this Grant, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Option by notice to the Employee, and the Option and all rights hereunder shall thereupon become null and void.

10. **<u>Applicable Law</u>.** The validity, construction, interpretation and effect of this instrument shall be governed by and construed in accordance with the laws of the State of Nevada, without giving effect to the conflicts of laws provisions thereof.

11. **<u>Notice</u>.** Any notice to the Company provided for in this instrument shall be addressed to the Company in care of the Chief Financial Officer at the at the address provided under the Employment Agreement, and any notice to the Employee shall be addressed to Employee at the address provided under the Employment Agreement, or to such other address as either party may designate to the other party in writing. Any notice shall be delivered by hand, sent by e-mail or enclosed in a properly sealed envelope addressed as stated above, registered and deposited, postage prepaid, in a post office regularly maintained by the United States Postal Service.

[Signature Page Follows]

**IN WITNESS WHEREOF**, the Company has caused its duly authorized officers to execute this Grant effective as of the date above.

---

| |
|:---|
| **Edgemode, Inc.** |
| By: <u>/s/ Simon Wajcenberg</u> |
| Name: Simon Wajcenberg |
| Its: Chief Financial Officer |

---

Employee Acceptance:

---

| |
|:---|
| By: <u>/s/ Charles Faulkner</u> |
| Name: Charles Faulkner |

---

## Exhibit 10.2

**Exhibit 10.2**

**<u>STOCK OPTION GRANT</u>**

This **STOCK OPTION GRANT** dated as of February 10th, 2026 (the "Grant") is delivered by Edgemode, Inc., a Nevada corporation (the "Company") to Simon Wajcenberg, the Chief Financial Officer of the Company (the "Employee").

**RECITALS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Board of Directors of the Company (the "Board") has decided to make a stock option grant to Employee as part of the consideration payable to Employee pursuant to an Executive Employment Agreement dated January 31, 2022, as amended (the "Employment Agreement").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Board has approved the grant of the options.

**NOW, THEREFORE**, the parties to this Grant, intending to be legally bound hereby, agree as follows:

1. **<u>Grant of Option</u>.** Subject to the terms and conditions set forth in this Grant, the Company hereby grants to the Employee an option ("Option") to purchase up to 350,000,000 shares of common stock of the Company ("Option Shares") at an exercise price equal to the closing sale price of the Company's common stock as reported by OTC Markets on the trading day immediately preceding the date of this Grant (the "Option Price"). The Option shall become exercisable according to Paragraph 2 below.

2. **<u>Exercisability of Option</u>.** The Option shall be a non-qualified option and shall automatically become vested and exercisable in accordance with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) 50% of the Option Shares shall vest upon the closing of a purchase agreement between the Company (and/or its subsidiary), and solid oxide fuel cell supplier for a minimum power capacity of 100 MW, as determined by the Board; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 50% of the Option Shares shall vest upon the closing of an AI data center site sale agreement between the Company (and/or its subsidiary) and a buyer which is for a minimum capacity of 100 MW, as determined by the Board.

3. **<u>Term of Option</u>.** The stated expiration date of the option shall be the five (5) year anniversary of the date hereof, subject to expiration on the termination date of the Employment Agreement in the event the Executive is terminated for "Cause" as defined under the Employment Agreement. Upon the termination or expiration of the Employment Agreement for any other reason, this Option shall expire on the five (5) year anniversary of the date hereof.

4. **<u>Exercise Procedures</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the provisions of Paragraphs 2 and 3 above, the Employee may exercise part or all of the exercisable Option by giving the Board written notice of intent to exercise in the manner provided in this Stock Option Grant, specifying the number of Shares as to which the Option is to be exercised. On the delivery date, the Employee shall pay the exercise price (i) in cash, or (ii) in the event the Company's common stock is publicly traded, with the approval of the Board, by delivering shares of the Company's common stock which shall be valued at their Fair Market Value (as defined below) on the date of delivery, or (iii) with the approval of the Board, by a combination of (i) and (ii). Fair Market Value of a share of Common stock as of a particular date (the "Determination Date") shall mean if the Company's common stock is traded on an exchange or is quoted on the NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ Capital Market, the NYSE American Stock Exchange or the OTC Markets, then the average of the closing sale prices of the common stock for the five (5) trading days immediately prior to (but not including) the Determination Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The obligation of the Company to deliver Option Shares upon exercise of the Option shall be subject to all applicable laws, rules, and regulations and such approvals by governmental agencies as may be deemed appropriate by the Board, including such actions as Company counsel shall deem necessary or appropriate to comply with relevant securities laws and regulations. The Company may require that the Employee represent that the Employee is purchasing Option Shares for the Employee's own account and not with a view to or for sale in connection with any distribution of the Shares, or such other representation as the Board deems appropriate. The Company shall withhold amounts required to be withheld for any taxes, if applicable. Subject to Board approval, the Employee may elect to satisfy any income tax withholding obligation of the Company with respect to the Option by having Option Shares withheld up to an amount that does not exceed the minimum applicable withholding tax rate for federal (including FICA), state and local tax liabilities.

5. **<u>Reservation of Common stock</u>**. The Company hereby represents and warrants that there have been reserved, and the Company shall at all applicable times keep reserved until issued (if necessary) as contemplated by this Section 5, out of the authorized and unissued shares of common stock, sufficient shares to provide for the exercise of the rights of purchase represented by this Option. The Company agrees that all Option Shares issued upon due exercise of the Option shall be, at the time of delivery of the certificates for such Option Shares, duly authorized, validly issued, fully paid and non-assessable shares of common stock of the Company.

6. **<u>Adjustments</u>**. Subject and pursuant to the provisions of this Section 6, the Option Price and number of Option Shares subject to this Option shall be subject to adjustment from time to time as set forth hereinafter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Company shall, at any time or from time to time while this Option is outstanding, pay a dividend or make a distribution on its common stock in shares of common stock, subdivide its outstanding shares of common stock into a greater number of shares or combine its outstanding shares of common stock into a smaller number of shares or issue by reclassification of its outstanding shares of common stock any shares of its capital stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), then (i) the Option Price in effect immediately prior to the date on which such change shall become effective shall be adjusted by multiplying such Option Price by a fraction, the numerator of which shall be the number of shares of common stock outstanding immediately prior to such change and the denominator of which shall be the number of shares of Common stock outstanding immediately after giving effect to such change and (ii) the number of Option Shares purchasable upon exercise of this Option shall be adjusted by multiplying the number of Option Shares purchasable upon exercise of this Option immediately prior to the date on which such change shall become effective by a fraction, the numerator of which is shall be the Option Price in effect immediately prior to the date on which such change shall become effective and the denominator of which shall be the Option Price in effect immediately after giving effect to such change, calculated in accordance with clause (i) above. Such adjustments shall be made successively whenever any event listed above shall occur.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In case the Company shall do any of the following (each, a "Triggering Event"): (i) consolidate or merge with or into any other Person (as defined below) and the Company shall not be the continuing or surviving corporation of such consolidation or merger, or (ii) permit any other Person to consolidate with or merge into the Company and the Company shall be the continuing or surviving Person but, in connection with such consolidation or merger, any capital stock of the Company shall be changed into or exchanged for securities of any other Person or cash or any other property, or (iii) transfer all or substantially all of its properties or assets to any other Person, or (iv) effect a capital reorganization or reclassification of its capital stock, then, and in the case of each such Triggering Event, proper provision shall be made to the Option Price and the number of Option Shares that may be purchased upon exercise of this Option so that, upon the basis and the terms and in the manner provided in this Option, the Optionholder of this Option shall be entitled upon the exercise hereof at any time after the consummation of such Triggering Event, to the extent this Option is not exercised prior to such Triggering Event, to receive at the Option Price as adjusted to take into account the consummation of such Triggering Event, in lieu of the common stock issuable upon such exercise of this Option prior to such Triggering Event, the securities, cash and property to which such Optionholder would have been entitled upon the consummation of such Triggering Event if such Optionholder had exercised the rights represented by this Option immediately prior thereto (including the right of a shareholder to elect the type of consideration it will receive upon a Triggering Event), subject to adjustments (subsequent to such corporate action) as nearly equivalent as possible to the adjustments provided for elsewhere in this Section 6, and the Option Price shall be adjusted to equal the product of (A) the closing price of the common stock of the continuing or surviving corporation as a result of such Triggering Event as of the date immediately preceding the date of the consummation of such Triggering Event multiplied by (B) the quotient of (i) the Option Price divided by (ii) the Fair Market Value per share of common stock as of the date immediately preceding the issuance date of this Option. Immediately upon the occurrence of a Triggering Event, the Company shall notify the Optionholder in writing of such Triggering Event and provide the calculations in determining the number of Option Shares issuable upon exercise of the new Option and the adjusted Option Price. Upon the Optionholder's request, the continuing or surviving corporation as a result of such Triggering Event shall issue to the Optionholder a new Option of like tenor evidencing the right to purchase the adjusted number of Option Shares and the adjusted Option Price pursuant to the terms and provisions of this Section 6(b). For purposes of this Section 6(b), "Person" means any individual, corporation, partnership, joint venture, limited liability company, association or any other entity.

7. **<u>No Employment or Other Rights</u>.** The grant of the Option shall not confer upon the Employee any right to be retained by or in the employ or service of the Company and shall not interfere in any way with the right of the Company to terminate the Employment Agreement.

8. **<u>No Shareholder Rights</u>.** Neither the Employee, nor any person entitled to exercise the Employee's rights in the event of Employee's death, shall have any of the rights and privileges of a shareholder with respect to the Shares subject to the Option, until certificates for Shares have been issued upon the exercise of the Option.

9. **<u>Assignment and Transfers</u>.** The rights and interests of the Employee under this Grant may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Employee, by will or by the laws of descent and distribution. In the event of any attempt by the Employee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunder, except as provided for in this Grant, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Option by notice to the Employee, and the Option and all rights hereunder shall thereupon become null and void.

10. **<u>Applicable Law</u>.** The validity, construction, interpretation and effect of this instrument shall be governed by and construed in accordance with the laws of the State of Nevada, without giving effect to the conflicts of laws provisions thereof.

11. **<u>Notice</u>.** Any notice to the Company provided for in this instrument shall be addressed to the Company in care of the Chief Financial Officer at the at the address provided under the Employment Agreement, and any notice to the Employee shall be addressed to Employee at the address provided under the Employment Agreement, or to such other address as either party may designate to the other party in writing. Any notice shall be delivered by hand, sent by e-mail or enclosed in a properly sealed envelope addressed as stated above, registered and deposited, postage prepaid, in a post office regularly maintained by the United States Postal Service.

[Signature Page Follows]

**IN WITNESS WHEREOF**, the Company has caused its duly authorized officers to execute this Grant effective as of the date above.

---

| |
|:---|
| **Edgemode, Inc.** |
| By: <u>/s/ Charles Faulkner</u> |
| Name: Charles Faulkner |
| Its: Chief Executive Officer |

---

Employee Acceptance:

---

| |
|:---|
| By: <u>/s/ Simon Wajcenberg</u> |
| Name: Simon Wajcenberg |

---