Document:

Exhibit 10.1

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

THIS EXECUTIVE EMPLOYMENT
AGREEMENT (this “Agreement”) is made and entered this ____ day of January 2022 (the “Effective
Date”) between Fourth Wave Energy, Inc., a Nevada corporation whose principal place of business is _____________________________
(the “Corporation”) and _______________, an individual whose address is ___________________________ (the “Executive”).

 

RECITALS

 

WHEREAS, the Executive
served as an executive officer of EdgeMode, a Wyoming corporation (“Edge”), an entity acquired by the Corporation
pursuant to the terms and conditions of that certain Agreement and Plan of Merger and Reorganization dated December 2, 2021 by and among
the Corporation, Edge and FWAV Acquisition Corp. (the “Merger Agreement”).

 

WHEREAS, pursuant to
the term of the Merger Agreement, the Executive was appointed an executive officer of the Corporation.

 

WHEREAS, the Company
desires to employ the Executive and the Executive desires to be employed by the Company pursuant to the terms of this Agreement.

 

WHEREAS, the Executive,
by virtue of the Executive's employment with the Corporation, has and will become familiar with and possessed with the manner, methods,
trade secrets and other confidential information pertaining to the Corporation's business, including the Corporation's client base.

 

NOW, THEREFORE, in
consideration of the mutual agreements herein made, the Corporation and the Executive do hereby agree as follows:

 

1.                  
Recitals. The above recitals are true, correct, and are herein incorporated by reference.

 

2.                  
Employment. The Corporation hereby employs the Executive, and the Executive hereby accepts employment, upon the terms
and conditions hereinafter set forth.

 

3.                  
Authority and Power During Employment Period.

 

(a)               
Duties and Responsibilities. During the term of this Agreement, the Executive will serve as ___________ Executive
Officer and shall have general executive operating supervision over the property, business and affairs of the Corporation, its subsidiaries
and divisions, subject to the guidelines and direction of the Board of Directors of the Corporation.

 

(b)               
Time Devoted. Throughout the term of the Agreement, the Executive shall devote substantially of the Executive's business
time and attention to the business and affairs of the Corporation consistent with the Executive's senior executive position with the Corporation,
except for reasonable vacations and except for illness or incapacity, but nothing in the Agreement shall preclude the Executive from engaging
in personal business, including as a member of the Board of Directors of affiliated companies, charitable and community affairs, provided
that such activities do not interfere with the regular performance of the Executive's duties and responsibilities under this Agreement.

 

4.                  
Term. The Term of employment hereunder will commence on the Effective Date and end on the third (3rd) anniversary
of the Effective Date and may be extended for additional one (1) year periods (each a “Renewal Term”) by written
consent of the Corporation and the Executive at least sixty (60) days before the expiration of the Term or the Renewal Term, as the case
may be, unless this Agreement shall have been terminated pursuant to Section 6 of this Agreement.

 

 

 

 

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5.                  
Compensation and Benefits.

 

(a)               
Salary. The Executive shall be paid a base salary (“Base Salary”), payable in accordance
with the Corporation's policies from time to time for senior executives, at an annual rate of Six Hundred Thousand Dollars ($600,000).

 

(b)               
Stock Option. The Executive shall also receive a five (5) year non-qualified Stock Option to purchase up to ________________
shares of the Company’s common stock (the “Common Stock”) at an exercise price of $______ per share (the “Stock
Option”), vesting on the Effective Date, the form of Stock Option attached hereto.

 

(c)       Discretionary
Bonus. In addition to the Base Salary and Stock Option, the Executive shall be entitled to such bonus compensation (in the form
of cash, stock options, capital stock or any combination thereof) as the Board of Directors may determine from time to time in its sole
discretion.

 

 

 

(d)               
Executive Benefits. The Executive shall be entitled to participate in all benefit programs of the Corporation currently
existing or hereafter made available to executive and/or salaried employees including, but not limited to, stock option plans, pension
and other retirement plans, group life insurance, hospitalization, surgical and major medical coverage, sick leave, salary continuation,
vacation and holidays, long-term disability, and other fringe benefits.

 

(e)               
Vacation. During each fiscal year of the Corporation, the Executive shall be entitled to such amount of vacation
consistent with the Executive's position and length of service to the Corporation.

 

(f)                
Business Expense Reimbursement. During the Term of employment, the Executive shall be entitled to receive proper
reimbursement for all reasonable, out of-pocket expenses incurred by the Executive (in accordance with the policies and procedures established
by the Corporation) in performing services hereunder, provided the Executive properly accounts therefor.

 

6.                  
Termination.

 

(a)               
Death. This Agreement will terminate upon the death of the Executive; however, the Executive's Base Salary shall
be paid to the Executive's designated beneficiary, or, in the absence of such designation, to the estate or other legal representative
of the Executive, for a period of one (1) year after the date of death at the annual rate in effect immediately prior to his death in
addition to any Performance Bonus which shall have been earned at the time of the death of the Executive. Other death benefits will be
determined in accordance with the terms of the Corporation's benefit programs and plans.

 

(b)               
Disability.

 

(1)       The
Executive’s employment will terminate in the event of his disability, upon the first (1st) day of the month following the determination
of disability as provided below. Following such a termination, the Executive shall be entitled to compensation in accordance with the
Corporation's disability compensation practice for senior executives, including any separate arrangement or policy covering the Executive,
but in all events the Executive shall continue to receive his Base Salary, at the annual rate in effect immediately prior to the commencement
of disability, for one (1) year after the date of termination. Any amounts provided for in this Section 6(b) shall not be offset by other
long-term disability benefits provided to the Executive by the Corporation or Social Security.

 

(2)       For
the purposes of this Agreement, “Disability” shall be deemed to have occurred if (A) the Executive is unable,
by reason of a physical or mental condition, to perform his duties under this Agreement for an aggregate of one hundred eighty (180) days
in any 12-month period or (B) the Executive has a guardian of the person or estate appointed by a court of competent jurisdiction.

 

 

 

 

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Anything herein to the contrary
notwithstanding, if, following a termination of employment due to disability, the Executive becomes re-employed, whether as an executive
or a consultant, any compensation, annual incentive payments or other benefits earned by the Executive from such employment shall be offset
against any compensation continuation due to the Executive hereunder.

 

(c)               
Termination by the Corporation For Cause.

 

(1)       Nothing
herein shall prevent the Corporation from terminating Executive for Cause, as hereinafter defined. The Executive shall continue to receive
compensation only for the period ending with the date of such termination as provided in this Section 6(c). Any rights and benefits the
Executive may have in respect of any other compensation shall be determined in accordance with the terms of such other compensation arrangements
or such plans or programs.

 

(2)       “Cause”
shall mean: (A) committing or participating in an injurious act of fraud, gross neglect, misrepresentation, embezzlement or dishonesty
against the Corporation; (B) committing or participating in any other injurious act or omission wantonly, willfully, recklessly or in
a manner which was grossly negligent against the Corporation; (C) engaging in a criminal enterprise involving moral turpitude, financial
or securities fraud; (D) conviction for a felony under the laws of the United States or any state thereof; (E) material failure to follow
the directives of the Corporation’s Board of Directors; or (F) any assignment of this Agreement in violation of Section 14 of this
Agreement.

 

(3)       Notwithstanding
anything else contained in this Agreement, this Agreement will not be deemed to have been terminated for Cause unless and until there
shall have been delivered to the Executive a notice of termination stating that the Executive committed one of the types of conduct set
forth in Section 6(c)(2) of this Agreement and specifying the particulars thereof and the Executive shall be given a fifteen (15) day
period to cure such conduct set forth in Section 6(c)(2).

 

(d)               
Termination by the Corporation Other Than For Cause.

 

(1)       The
foregoing notwithstanding, the Corporation may terminate the Executive's employment for whatever reason it deems appropriate; provided,
however, that in the event such termination is not based on Cause, as provided in Section 6(c) above, the Corporation may terminate this
Agreement upon giving the Executive thirty (30) days' prior written notice. During such thirty (30) day period, the Executive shall continue
to perform the Executive's duties pursuant to this Agreement. Notwithstanding any such termination, the Corporation shall continue to
pay to the Executive the Base Salary and Executive Benefits he would be entitled to receive under this Agreement for the lesser of: (i)
the balance of the Term of this Agreement or (ii) twelve (12) months from the date of termination, together with any Performance Bonus
which may have been earned as of the date of termination.

 

(2)       In
the event that the Executive's employment with the Corporation is terminated pursuant to this Section 6(d), Section 6(f) or Section 7(a)
of this Agreement and all references thereto shall be voidable as to the Executive and the Corporation.

 

(e)               
Voluntary Termination. If the Executive terminates the Executive's employment on the Executive's own volition (except
as provided in Section 6(f) prior to the expiration of the Term of this Agreement, including any renewals thereof, such termination shall
constitute a voluntary termination and in such event the Executive shall be limited to the same rights and benefits as provided in connection
with a termination for Cause as provided in Section 6(c).

 

(f)                
Constructive Termination of Employment. A termination by the Corporation without Cause under Section 6(d) shall be
deemed to have occurred upon the occurrence of one or more of the following events without the express written consent of the Executive:

 

(1)       a
material breach of the Agreement by the Corporation; or

 

(2)       failure
by a successor company to assume the obligations under the Agreement.

 

 

 

 

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Anything herein to the contrary
notwithstanding, the Executive shall give written notice to the Board of Directors of the Corporation that the Executive believes an
event has occurred which would result in a Constructive Termination of the Executive's employment under this Section 6(f), which written
notice shall specify the particular act or acts, on the basis of which the Executive intends to so terminate the Executive's employment,
and the Corporation shall then be given the opportunity, within thirty (30) days of its receipt of such notice, to cure said event; provided,
however, there shall be no period permitted to cure a second occurrence of the same event and in no event will there be any period to
cure following the occurrence of two events described in this Section 6(f).

 

7.                  
Covenant Not To Compete and Non-Disclosure of Information.

 

(a)               
Covenant Not To Compete. The Executive acknowledges and recognizes the highly competitive nature of the Corporation's
Business and the goodwill, continued patronage, and the names and addresses of the Corporation's Clients (as hereinafter defined) constitute
a substantial asset of the Corporation having been acquired through considerable time, money and effort. Accordingly, in consideration
of the execution of this Agreement, and as except as may specifically otherwise approved by the Corporation’s Board of Directors,
the Executive agrees to the following:

 

(1)       That
during the Restricted Period (as hereinafter defined) and within the Restricted Area (as hereinafter defined), the Executive will not,
individually or in conjunction with others, directly or indirectly, engage in any Business Activities (as hereinafter defined), whether
as an officer, director, proprietor, employer, partner, independent contractor, investor (other than as a holder solely as an investment
of less than one percent (1%) of the outstanding capital stock of a publicly traded corporation), consultant, advisor, agent or otherwise.

 

(2)       That
during the Restricted Period and within the Restricted Area, the Executive will not, directly or indirectly, compete with the Corporation
by soliciting, inducing or influencing any of the Corporation's Clients which have a business relationship with the Corporation at the
time during the Restricted Period to discontinue or reduce the extent of such relationship with the Corporation.

 

(3)       That
during the Restricted Period and within the Restricted Area, the Executive will not (A) directly or indirectly recruit, solicit or otherwise
influence any employee or agent of the Corporation to discontinue such employment or agency relationship with the Corporation, or (B)
employ or seek to employ, or cause or permit any business which competes directly or indirectly with the Business Activities of the Corporation
(the “Competitive Business”) to employ or seek to employ for any Competitive Business any person who is then
(or was at any time within two (2) years prior to the date Executive or the Competitive Business employs or seeks to employ such person)
employed by the Corporation.

 

(b)               
Non-Disclosure of Information. The Executive acknowledges that the Corporation's trade secrets, private or secret
processes, methods and ideas, as they exist from time to time, customer lists and information concerning the Corporation's sources, products,
services, pricing, training methods, development, technical information, marketing activities and procedures, credit and financial data
concerning the Corporation and/or the Corporation's Clients including, but not limited to, all original written, recorded, or graphic
matters whatsoever, and any and all copies thereof, pertaining to: (i) business plans, joint venture agreements, licensing agreements,
financial information, contracts, customers, products, specifications, plans, drawings, prototypes, processes, methods, research, development
or other information relating to the business activities and operations of the Corporation and its affiliates; (ii) patents, patent applications,
patent disclosures and inventions; (iii) trademarks, service marks, trade dress, trade names, URL's, designs, artwork, logos and corporate
names and registrations and applications for registration thereof, together with all of the goodwill associated therewith; (iv) copyrights
(registered or unregistered) and copyrightable works and registrations and applications for registration thereof; (v) mask works and registrations
and applications for registration thereof; (vi) computer software, data, data bases and documentation thereof; (vii) trade secrets and
other confidential information (including ideas, formulas, compositions, inventions (whether patentable or unpatentable and whether or
not reduced to practice), know-how, manufacturing and production processes and techniques, research and development information, drawings,
specifications, designs, plans, proposals, technical data, copyrightable works, financial and marketing plans and customer and supplier
lists and information); (vii) other intellectual property rights; and (ix) copies and tangible embodiments thereof (in whatever form or
medium) (collectively, the “Proprietary Information”) are valuable, special and unique assets of the Corporation,
access to and knowledge of which are essential to the performance of the Executive hereunder. In light of the highly competitive nature
of the industry in which the Corporation's business is conducted, the Executive agrees that all Proprietary Information, heretofore or
in the future obtained by the Executive as a result of the Executive's association with the Corporation shall be considered confidential.

 

 

 

 

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In recognition of this fact,
the Executive agrees that the Executive, during the Restricted Period, will not use or disclose any of such Proprietary Information for
the Executive's own purposes or for the benefit of any person or other entity or organization (except the Corporation) under any circumstances
unless such Proprietary Information has been publicly disclosed generally or, unless upon written advice of legal counsel reasonably satisfactory
to the Corporation, the Executive is legally required to disclose such Proprietary Information. Documents (as hereinafter defined) prepared
by the Executive or that come into the Executive's possession during the Executive's association with the Corporation are and remain the
property of the Corporation, and when this Agreement terminates, such Documents shall be returned to the Corporation at the Corporation's
principal place of business, as provided in the Notice provision (Section 10) of this Agreement.

 

(c)               
Documents. “Documents” shall mean all original written, recorded, or graphic matters whatsoever,
and any and all copies thereof, including, but not limited to: papers; books; records; tangible things; correspondence; communications;
telex messages; memoranda; work-papers; reports; affidavits; statements; summaries; analyses; evaluations; client records and information;
agreements; agendas; advertisements; instructions; charges; manuals; brochures; publications; directories; industry lists; schedules;
price lists; client lists; statistical records; training manuals; computer printouts; books of account, records and invoices reflecting
business operations; all things similar to any of the foregoing however denominated. In all cases where originals are not available, the
term “Documents” shall also mean identical copies of original documents or non-identical copies thereof.

 

(d)               
Corporation's Clients. The “Corporation's Clients” shall be deemed to be any persons, partnerships,
corporations, professional associations or other organizations for or with whom the Corporation has performed Business Activities, including,
but not limited to, suppliers or vendors with whom the Corporation has done or is endeavoring to do business.

 

(e)               
Restrictive Period. The “Restrictive Period” shall be deemed to be two (2) years following termination
of this Agreement.

 

(f)                
Restricted Area. The Restricted Area shall be deemed to mean the ___________________.

 

(g)               
Business Activities. “Business Activities” shall be deemed to any business activities concerning
owning, operating, managing, promoting or soliciting clients for the Corporation’s Business, and any additional activities which
the Corporation or any of its affiliates may engage in during any portion of the twelve (12) months prior to the termination of Executive's
employment.

 

(h)               
Covenants as Essential Elements of this Agreement. It is understood by and between the parties hereto that the foregoing
covenants contained in Sections 7(a) and (b) are essential elements of this Agreement, and that but for the agreement by the Executive
to comply with such covenants, the Corporation would not have agreed to enter into this Agreement. Such covenants by the Executive shall
be construed to be agreements independent of any other provisions of this Agreement. The existence of any other claim or cause of action,
whether predicated on any other provision in this Agreement, or otherwise, as a result of the relationship between the parties shall not
constitute a defense to the enforcement of such covenants against the Executive. To the extent that the covenants contained in this Section
7 may later be deemed by a court to be too broad to be enforced with respect to their duration or with respect to any particular activity
or geographic area, the court making such determination shall have the power to reduce the duration or scope of the provision, and to
add or delete specific words or phrases to or from the provision. The provision as modified shall then be enforced.

 

(i)                
Survival After Termination of Agreement. Notwithstanding anything to the contrary contained in this Agreement, the
covenants in Sections 7(a) and (b) shall survive the termination of this Agreement and the Executive's employment with the Corporation.

 

 

 

 

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(j)                
Remedies.

 

(1)       The
Executive acknowledges and agrees that the Corporation's remedy at law for a breach or threatened breach of any of the provisions of Section
7(a) or (b) herein would be inadequate and the breach shall be per se deemed as causing irreparable harm to the Corporation. In recognition
of this fact, in the event of a breach by the Executive of any of the provisions of Section 7(a) or (b), the Executive agrees that, in
addition to any remedy at law available to the Corporation, including, but not limited to monetary damages, all rights of the Executive
to payment or otherwise under this Agreement and all amounts then or thereafter due to the Executive from the Corporation under this Agreement
may be terminated and the Corporation, without posting any bond, shall be entitled to obtain, and the Executive agrees not to oppose the
Corporation's request for equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction
or any other equitable remedy which may then be available to the Corporation.

 

(2)       The
Executive acknowledges that the granting of a temporary injunction, temporary restraining order or permanent injunction merely prohibiting
the use of Proprietary Information would not be an adequate remedy upon breach or threatened breach of Section 7(a) or (b) and consequently
agrees, upon proof of any such breach, to the granting of injunctive relief prohibiting any form of competition with the Corporation.
Nothing herein contained shall be construed as prohibiting the Corporation from pursuing any other remedies available to it for such breach
or threatened breach.

 

8.                  
Indemnification. The Executive shall continue to be covered by the Articles of Incorporation and By-Laws of the Corporation
with respect to matters occurring on or prior to the date of termination of the Executive's employment with the Corporation, subject to
all the provisions of Nevada and Federal law, the Articles of Incorporation of the Corporation and the By-Laws of the Corporation then
in effect. Such reasonable expenses, including attorneys' fees, that may be covered by these indemnification provisions shall be paid
by the Corporation on a current basis in accordance with such provision, the Corporation's Articles of Organization, By-Laws and Nevada
law. To the extent that any such payments by the Corporation pursuant to these provisions may be subject to repayment by the Executive
pursuant to the provisions of the Corporation's Articles of Incorporation and/or By-Laws, or pursuant to Nevada or Federal law, such repayment
shall be due and payable by the Executive to the Corporation within twelve (12) months after the termination of all proceedings, if any,
which relate to such repayment and to the Corporation's affairs for the period prior to the date of termination of the Executive's employment
with the Corporation and as to which Executive has been covered by such applicable provisions. Further, the Corporation agrees to maintain
directors’ and officers’ indemnification and errors and omission insurance policies during all periods of Executive’s
employment.

 

9.                  
Withholding. Anything to the contrary notwithstanding, all payments required to be made by the Corporation hereunder
to the Executive or the Executive's estate or beneficiaries shall be subject to the withholding of such amounts, if any, relating to tax
and other payroll deductions as the Corporation may reasonably determine it should withhold pursuant to any applicable law or regulation.
In lieu of withholding such amounts, the Corporation may accept other arrangements pursuant to which it is satisfied that such tax and
other payroll obligations will be satisfied in a manner complying with applicable law or regulation.

 

10.              
Notices. Any notice required or permitted to be given under the terms of this Agreement shall be sufficient if in
writing and if sent postage prepaid by registered or certified mail, return receipt requested; by overnight delivery; by courier; or by
confirmed telecopy, in the case of the Executive to the Executive's last place of business or residence as shown on the records of the
Corporation, or in the case of the Corporation to its principal office as set forth in the first paragraph of this Agreement, or at such
other place as it may designate.

 

11.              
Waiver. Unless agreed in writing, the failure of either party, at any time, to require performance by the other of
any provisions hereunder shall not affect its right thereafter to enforce the same, nor shall a waiver by either party of any breach of
any provision hereof be taken or held to be a waiver of any other preceding or succeeding breach of any term or provision of this Agreement.
No extension of time for the performance of any obligation or act shall be deemed to be an extension of time for the performance of any
other obligation or act hereunder.

 

12.              
Completeness and Modification. This Agreement constitutes the entire understanding between the parties hereto superseding
all prior and contemporaneous agreements or understandings among the parties hereto concerning the Agreement. This Agreement may be amended,
modified, superseded or canceled, and any of the terms, covenants, representations, warranties or conditions hereof may be waived, only
by a written instrument executed by the parties or, in the case of a waiver, by the party to be charged.

 

 

 

 

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13.              
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original
but all of which shall constitute but one agreement.

 

14.              
Binding Effect/Assignment. This Agreement shall be binding upon the parties hereto, their heirs, legal representatives,
successors and assigns. This Agreement shall not be assignable by the Executive but shall be assignable by the Corporation in connection
with the sale, transfer or other disposition of its business or to any of the Corporation's affiliates controlled by or under common control
with the Corporation.

 

15.              
Governing Law. This Agreement shall become valid when executed and accepted by Corporation. The parties agree that
it shall be deemed made and entered into in the State of Nevada and shall be governed and construed under and in accordance with the laws
of the State of Nevada. Anything in this Agreement to the contrary notwithstanding, the Executive shall conduct the Executive's business
in a lawful manner and faithfully comply with applicable laws or regulations of the state, city or other political subdivision in which
the Executive is located.

 

16.              
Further Assurances. All parties hereto shall execute and deliver such other instruments and do such other acts as
may be necessary to carry out the intent and purposes of this Agreement.

 

17.              
Headings. The headings of the sections are for convenience only and shall not control or affect the meaning or construction
or limit the scope or intent of any of the provisions of this Agreement.

 

18.              
Survival. Any termination of this Agreement shall not, however, affect the ongoing provisions of this Agreement which
shall survive such termination in accordance with their terms.

 

19.              
Severability. The invalidity or unenforceability, in whole or in part, of any covenant, promise or undertaking, or
any section, subsection, paragraph, sentence, clause, phrase or word or of any provision of this Agreement shall not affect the validity
or enforceability of the remaining portions thereof.

 

20.              
Arbitration. In the event of any dispute over the interpretation or operation of this Agreement, the parties agree
to submit the dispute to arbitration in ______________________ County, State of _____________ pursuant to the Commercial Arbitration Rules
of the American Arbitration Association and to accept the award of the arbitrators as final and binding. The successful party will be
awarded reasonable attorneys' fees, expenses and costs.

 

21.              
Construction. This Agreement shall be construed within the fair meaning of each of its terms and not against the
party drafting the document.

 

22.              
Role of Counsel. The Executive acknowledges his understanding that this Agreement was prepared at the request of
the Corporation by its counsel, and that such firm did not represent the Executive in conjunction with this Agreement or any of the related
transactions. The Executive, as further evidenced by his signature below, acknowledges that he has had the opportunity to obtain the advice
of independent counsel of his choosing prior to his execution of this Agreement and that he has availed himself of this opportunity to
the extent he deemed necessary and advisable.

 

THE EXECUTIVE ACKNOWLEDGES THAT THE EXECUTIVE
HAS READ ALL OF THE TERMS OF THIS AGREEMENT, UNDERSTANDS THE AGREEMENT, AND AGREES TO ABIDE BY ITS TERMS AND CONDITIONS.

 

 

 

[SIGNATURE PAGE TO FOLLOW]

 

 

 

 

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IN WITNESS WHEREOF,
the parties have executed this Agreement as of date set forth in the first paragraph of this Agreement.

 

THE CORPORATION:

 

FOURTH WAVE ENERGY, INC.

 

 

By: _________________________

Name:

Its:

 

 

THE EXECUTIVE

 

 

_____________________________

Name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	8Exhibit 10.2

 

CONSULTING SERVICES
AGREEMENT

 

This Consulting Services Agreement
(the “Agreement”) is made as of January 31, 2022 (the “Effective Date”), by and between FOURTH WAVE ENERGY, INC.,
a Nevada corporation with an address at 350 North Orleans Street, Suite 9000n, Chicago, IL 60654 (the “Company”) and J. Jacob
Isaacs, an individual with an address of 269 S. Beverly Drive, #460, Beverly Hills, CA 90212 (the “Consultant”) (the Company
and Consultant together the “Parties” or individually a “Party”).

 

WHEREAS, the Company and the
Consultant desire to enter into this Agreement, pursuant to which the Consultant will provide consulting services as a Consultant to the
Company, subject to the terms and conditions set forth below.

 

NOW, THEREFORE, in consideration
of the mutual covenants and obligations contained herein, the Company and the Consultant, intending to be legally bound, hereby agree
as follows:

 

A.       Engagement

 

The Consultant shall provide
the Services defined below in Section C herein for the Company, reporting to its Chief Executive Officer and Board of Directors (the “Engagement”).
In this capacity, the Consultant agrees to devote his best efforts, energies and skill to the full discharge of his duties and responsibilities.

 

B.       Term

 

Services under this Agreement
will commence on the Effective Date and shall continue for a period of one-year (the “Term”); unless earlier terminated in
accordance with the provisions of Section H below.

 

C.       Services to be Performed

 

1.                  
During the Term of this Agreement, the Consultant shall serve the Company in the capacity of a consultant and shall provide general
corporate services, post-merger transitional services, audit related services and investor relations services (collectively the “Services”).

 

2.                  
The Consultant will use the highest degree of skill and expertise to professionally and ethically accomplish the Services within
the Term of this Agreement and to project a positive image of the Company, in accordance with the Company’s policies and procedures
and applicable law.

 

D.       Compensation for
Services

 

1.                  
Compensation for Services. During the Term of this Agreement the Consultant shall receive cash compensation at the rate
of $11,500 per month payable monthly on each one-month anniversary of the Effective Date. The Consultant shall not be entitled to reimbursement
for expenses incurred by Consultant in the performance of his duties unless he has received prior written approval from the Company. Consultant
shall also receive a five (5) year non-qualified Stock Option to purchase up to 19,987,095 shares of the Company’s common stock
(the “Common Stock”) at an exercise price of $0.40 per share (the “Stock Option”), vesting on the
three-month anniversary of the Effective Date (the “Vesting Date”), the form of Stock Option attached hereto.

 

2.                  
Consultant acknowledges that the foregoing provisions of this Section D constitute the sole and entire compensation payable to
it under this Agreement and the Parties specifically agree that no compensation, benefits or other reimbursements of any other nature
shall be paid or payable to Consultant as a result of the provision of Services hereunder.

 

 

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E.       Confidentiality

 

1.       Confidential
Information. Consultant acknowledges that it may be necessary for the Company during the course of the Engagement, to disclose certain
confidential and proprietary information (“Confidential Information”) to Consultant, in order for Consultant to perform the
Services pursuant to this Agreement. Consultant shall not disclose or use, at any time either during or after the Term of this Agreement,
for his own benefit or for the benefit of any third party, any Confidential Information without the Company’s prior written permission
except to the extent necessary to perform the Services on the Company’s behalf. Confidential Information includes, without limitation:

 

		(a)	The written, printed, graphic or electronically recorded materials furnished by the Company for Consultant
to use;

 

		(b)	Any written or tangible information stamped “confidential,” “proprietary” or with
a similar legend or any information that the Company makes reasonable efforts to maintain its secrecy;

 

		(c)	Business, research and development, regulatory and marketing plans, objectives and/or strategies, financial
information, corporate initiatives, contractual and business arrangements, customer lists, supplier lists, sales projections, product
information, product launch plans, regulatory submissions, pricing information of the Company and its affiliates;

 

		(d)	Information, data, test results, patent applications, methodologies, operating procedures, trade secrets,
design formulas, know-how, techniques, analyses, technology, processes, protocols, specifications and instructions relating to the Company’s
proprietary products, including safety data and reference standards, investigators brochures, documents and reports, computer programs
and inventories, discoveries and improvements of any kind, sales projections, product information, pricing information of the Company
and its affiliates;

 

		(e)	Information, know-how, trade secrets, materials and tangible property belonging to customers and suppliers
of the Company and other third parties who have disclosed such confidential and proprietary information to the Company about whom Consultant
gained knowledge as a result of providing Services to the Company;

 

		(f)	Any data, deliverables or other work product or information generated or developed by Consultant in connection
with the performance of Services under this Agreement, including all Creative Materials; and

 

		(g)	Any copies, extracts, notes, or summaries of any information described in clauses (a) through (f).

 

Notwithstanding any of the
foregoing, Confidential Information shall not include any information that:

 

	 	(a)	is or becomes available in the public domain through no fault of, or act or
  failure to act on the part of Consultant;

 

		(b)	is rightfully in Consultant’s possession at the time of disclosure by the Company, as evidenced
by Consultant’s written records maintained in the ordinary course of business; or

 

		(c)	is obtained, after the Effective Date, by Consultant from any third party that is lawfully in possession
of such Confidential Information and not in violation of any contractual or legal obligation with respect to such Confidential Information.

 

 

 

    	 	2	 

     

    

 

2.                  
At any time upon request of the Company or upon Termination of this Agreement, Consultant shall promptly deliver to the Company:
(i) all Confidential Information (and all copies thereof) and all other property (including but not limited to document files, computer
disks and keys) furnished to Consultant, by the Company and all other materials prepared by Consultant, containing any Confidential Information;
and (ii) a certification that all Confidential Information has been delivered to the Company.

 

3.                  
Notwithstanding the return of Confidential Information or the Termination of this Agreement, Consultant, will continue to be bound
by the obligations of confidentiality pursuant to this Section F. In addition to its other legal rights, the Company shall be entitled
to temporary and permanent injunctive relief and specific performance to remedy any breach or attempted breach of this Section E of the
Agreement.

 

F.       Non-Solicitation;
Non-Disparagement

 

1.                  
Non-Solicitation. Consultant covenants and agrees that during the term of this Agreement, and for a two (2) year period
immediately following the termination of this Agreement, regardless of the reason therefor, the Consultant shall not solicit, induce,
aid or suggest to: (a) any employee to leave such employ, (b) any contractor, Consultant or other service provider to terminate such relationship,
or (b) any customer, agency, vendor, or supplier of the Company to cease doing business with the Company.

 

2.                  
Non-disparagement. The Consultant will not make any remarks or adverse statements, in any and all media (e.g., in writing,
orally or on the internet via, among other things, blogs, message boards and social networks), about the Company or its affiliates that
could reasonably be construed as disparaging or defamatory, or to cast the Company or any of its affiliates in a negative light, or harm
the Company’s or any of its affiliates’ current or prospective business plans.

 

G.       Exclusivity as to
Services

 

During the term of this Agreement,
Consultant shall not provide services to any direct or indirect competitor of the Company.

 

H.       Termination

 

1.                  
Generally. The Company may terminate this Agreement for whatever reason it deems appropriate and without cause ninety days
from the Effective Date, subject to the provision of ten days prior written notice of termination. Upon such termination, Consultant will
receive any unpaid compensation earned through such date of termination. This Agreement will also terminate automatically, each a “Termination
Date:” (a) upon the expiration of the Term; (b) upon mutual agreement of the Parties; (c) in the event either Party becomes insolvent
or a petition in bankruptcy is filed or any insolvency proceedings are instituted by or against either Party, or either Party liquidates
its business; or (d) upon Consultant’s death.

 

2.                  
By the Company for Cause. The Company may terminate this Agreement for Cause by action of its Board of Directors (the “Board”).
For purposes of this Agreement, “Cause” shall mean: (a) Consultant’s conviction, guilty plea, plea of nolo contendre,
or entering into any other plea admitting guilt of any felony; (b) the deliberate engaging by Consultant in any unethical acts or gross
misconduct which is materially injurious to the Company, monetarily or otherwise, such as fraud or embezzlement; or (c) Consultant’s
failure to materially observe or perform any of the terms or provisions of this Agreement, or the Services hereunder, which failure remains
uncured following thirty (30) days’ prior written notice from the Company. Upon Termination of this Agreement for Cause, Consultant
will cease performing Services and will no longer be authorized to perform any Services on behalf of the Company, except at the express
request and approval of the Company’s Board of Directors of the Company. Upon termination for Cause, Consultant will receive any
unpaid compensation earned through the Termination Date. In the event the Consultant is terminated for Cause prior to the Vesting Date,
the Stock Option shall not vest and shall be be forfeited.

 

I.       Indemnification

 

1.                  
The Company agrees to defend, indemnify and hold Consultant harmless from and against any and all claims, liabilities, losses,
damages, and expenses arising out of: (a) any breach by the Company of its warranties, representations, covenants and obligations outlined
in this Agreement; and (b) the gross negligence or willful misconduct of the Company; and (c) the failure of the Company to comply with
all legal requirements to the best of its knowledge at the time.

 

 

 

 

    	 	3	 

     

    

 

2.                  
Consultant agrees to defend, indemnify and hold the Company harmless from and against any and all claims, liabilities, losses,
damages, and expenses arising out of: (a) any breach by Consultant of his warranties, representations, covenants and obligations outlined
in this Agreement; (b) the gross negligence or willful misconduct of Consultant; and (c) the failure of Consultant to comply with all
legal requirements to the best of his knowledge at the time.

 

3.                  
The Parties further agree that they shall not, without the prior written consent of the other Party, settle, compromise or consent
to the entry of any judgment in any pending or threatened claim, action, suit or proceeding in respect of which defense and/or indemnification
may be sought hereunder unless such settlement, compromise or consent includes an unconditional release of the Party seeking defense and/or
indemnity from all liability arising out of such claim, action, suit or proceeding.

 

4.                  
The Party seeking defense or indemnification hereunder shall: (i) promptly notify the other Party of the matter for which defense
or indemnification is sought; (ii) subject to the immediately preceding sentence of this paragraph, provide the other Party with sole
control over the defense and/or settlement thereof, including but not limited to the selection of counsel; and (iii) at the request of
the Party providing defense and/or indemnification, fully cooperate in the provision of full and complete information and reasonable assistance
with respect to the defense of such matter.

 

J.       Survival

 

The obligations of the Parties
pursuant to Sections E, D, F and I shall survive the Termination of this Agreement, regardless of the reason for such Termination, along
with any and all other provisions that expressly provide for survival of Termination.

 

K.       Relationship of the
Parties; Independent Contractor Status

 

The Parties agree that the
relationship created by this Engagement is one of an independent contractor. The Parties further agree that Consultant, is not and shall
not be considered an employee of the Company and is not and shall not be entitled to any of the rights and/or benefits that the Company
provides for the Company's employees (including any employee pension, health, vacation pay, sick pay or other fringe benefits offered
by the Company under plan or practice) by virtue of the Services being rendered by Consultant. Consultant acknowledges and agrees that
the Company does not, and shall not, maintain or procure any workers’ compensation or unemployment compensation insurance for or
on behalf of Consultant, and shall make no state temporary disability or family leave insurance payments on behalf of Consultant, and
Consultant agrees that Consultant will not be entitled to these benefits in connection with performance of the Services under this Agreement.
Consultant is responsible for all taxes, if any, imposed on it in connection with its performance of Services under this Agreement, including
any federal, state and local income, sales, use, excise and other taxes or assessments thereon.

 

L.                 
Binding Nature; Assignments

 

This Agreement shall be binding
upon and inure to the benefit of the Parties hereto and their respective successors, representatives, administrators, heirs, executors
and permitted assigns, except that the duties of Consultant are personal and shall not be assigned or subcontracted without the Company’s
prior written consent and any purported assignment without such written consent shall be deemed void and unenforceable.

 

M.              
Entire Agreement; Amendments

 

This Agreement contains the
entire understanding between the Parties with respect to its subject matter and supersedes all previous negotiations, agreements or understandings
between the Parties, whether written or verbal. This Agreement may not be amended or modified, except in writing, executed by duly authorized
representatives of the Parties hereto.

 

 

 

 

    	 	4	 

     

    

 

N.                
Governing Law; Consent to Jurisdiction and Venue

 

This agreement shall be governed
by and construed in accordance with the laws of the State of Nevada, without giving effect to principles of conflicts of laws. The Parties
agree that any dispute concerning or arising under this Agreement shall be subject to the exclusive jurisdiction of the state and federal
courts of New York, and each Party agrees to submit to the personal and exclusive jurisdiction and venue of such courts.

 

O.                
Notices

 

All notices required or permitted
to be delivered under this Agreement shall be in writing and sent to the principal place of business of the Party to whom they are addressed.
Notices to Consultant shall be delivered to the attention of Consultant. Notices to the Company shall be delivered to the attention of
the Chief Executive Officer. All notices under this Agreement shall be deemed delivered only if sent by overnight mail or courier with
return receipt, personal delivery or email (with confirmation of receipt).

 

P.                 
Severability

 

If any provision of this Agreement
is found to be invalid or unenforceable for any reason by a court of competent jurisdiction, that provision shall be stricken from this
Agreement and that finding shall not invalidate any other terms of this Agreement, which terms shall remain in full force and effect according
to the surviving terms of this Agreement. In such an event, the Parties shall negotiate with one another to agree on a provision which
the Parties would have agreed if they had known of the defect when they signed this Agreement, in order to achieve the same commercial
outcome and objectives of this Agreement that were intended upon its execution.

 

[Signature Page Follows]

 

 

 

 

 

 

 

 

 

 

    	 	5	 

     

    

 

IN WITNESS WHEREOF, this Agreement
has been duly executed by or on behalf of the Parties as of the Effective Date.

 

 

	FOURTH WAVE ENERGY, INC.	 	 
	 	 	 	 
	 	 	 	 
	By:	  	 	/s/ J. Jacob Isaacs
	Name:	 	J. Jacob Isaacs, an individual 
	Title:	 	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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