Document:

Exhibit 10.3

 

STOCK OPTION GRANT

 

This STOCK OPTION GRANT,
dated as of January _____, 2022 is delivered by Fourth Wave Energy, Inc., a Nevada corporation (the “Company”) to _______________________,
an individual resident of ____________________ (the “Employee”).

 

RECITALS

 

		A.	The Board of Directors of the Company has decided to make a stock option grant
to Employee as part of the consideration payable to Employee pursuant to an Employee Agreement between the Company and Employee dated
even herewith (the “Employment Agreement”).

 

		B.	The Board of the Company has approved the Employment Agreement and the grant of
the options included in the Employment Agreement.

 

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

 

1.                  
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 _________ shares of common stock of the Company (“Option Shares”)
at an exercise price of $____ per Share (the “Option Price”). The Option shall become exercisable according to Paragraph 2
below.

 

2.                  
Exercisability of Option.  The option shall be a non-qualified option and shall become vested and exercisable
immediately.

 

3.                  
Term of Option.  The stated expiration date of the option shall be the five (5) year anniversary of the date
hereof, subject to earlier termination as provided under the Employment Agreement.

 

4.                  
Exercise Procedures.

 

(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 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:
(i) 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 New York Stock Exchange or the American Stock Exchange, 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; or (ii) If the Company's Common
Stock is not traded on an exchange or on the NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ Capital Market, the New York
Stock Exchange or NYSE MKT, but is traded on the OTC Markets or in the over-the-counter market, then the average of the closing bid and
ask prices reported for the five (5) trading days immediately prior to (but not including) the Determination Date.

 

(b)               
The obligation of the Company to deliver 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 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 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.

 

 

 

 

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5.                  
Reservation of Common Stock. 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.                  
Adjustments. 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.

 

(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.

 

(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.

 

 

 

 

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7.                  
No Employment or Other Rights. 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
Agreement. The right of the Company to terminate the Agreement at any time for any reason is specifically reserved, as provided in the
Agreement.

 

8.                  
No Shareholder Rights. 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.                  
Assignment and Transfers. The rights and interests of the Employee under this Agreement 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 Agreement, 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.              
Applicable Law. 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.               
Notice. 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 Company’s principal executive offices at 350 North Orleans Street, Suite 9000n, Chicago, IL
60654, and any notice to the Employee shall be addressed to Employee at ___________________________________________, or to such other
address as the Employee may designate to the Company in writing. Any notice shall be delivered by hand, sent by telecopy 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.

 

IN WITNESS WHEREOF,
the Company has caused its duly authorized officers to execute and attest this Agreement, and the Employee has executed this Agreement,
effective as of the Date of Grant.

 

 

	EdgeMode	 	Employee
	 	 	 	 	 
	 	 	 	 	 
	By:	  	 	Accepted:	 
	Charles Faulkner, Chief Executive Officer	 	Name:	

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	3Exhibit 10.4

 

NOTE CONVERSION AGREEMENT

 

THIS NOTE CONVERSION
AGREEMENT (the “Agreement”) is made as of November , 2021 by and between Fourth
Wave Energy, Inc., a Nevada corporation (the “Company”), and _________ (the
“Holder”). The Company and Holder are hereinafter each called a “Party” and
together, the “Parties”.

 

RECITALS

 

A.             
Holder is the owner of that certain Promissory Note of the Company dated ______ _, 2021 in the original principal amount of $_______
(the “Note”).

 

B.             
The Company expects to execute a definitive merger agreement with EdgeMode, Inc., a Wyoming corporation
(“EdgeMode”) on or before December 31, 2021(the “Signing Date Deadline”) and to complete and close
the merger contemplated thereby (the “Merger”) on or before January 31, 2022 (the “Closing Date Deadline”).

 

C.             
Subject to the Company’s satisfaction of the Signing Date Deadline and the Closing Date Deadline, Holder has agreed to convert
the Note, in accordance with the terms hereof, no later than the closing date for the merger.

 

AGREEMENT

 

NOW, THEREFORE, in consideration
of the foregoing and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and
Holder agree as follows:

 

1.              
Conversion. Subject to the Company’s satisfaction of the Signing Date Deadline and the Closing Date Deadline, Holder
hereby agrees to convert the principal amount outstanding on the Note and all accrued interest due thereunder into common stock of the
Company (the “Conversion Shares”) on or before the closing date of the Merger in accordance with the conversion
terms of the Note.

 

2.              
Representations by Holder. Holder hereby represents and warrants to the Company that:

 

		(a)	The execution, delivery and performance by Holder of this Agreement has been duly authorized by all necessary
action on the part of Holder.

 

		(b)	The execution, delivery and performance of this Agreement does not and will not violate any law, rule,
regulation or order applicable to Holder, including without limitation the laws under which it is organized, and does not and will not
be in conflict with, result in the breach of, or constitute a default under, any agreement, instrument, or other document to which Holder
is a party or by which it or its property is bound.

 

		(c)	Holder has good title to and is the sole legal and beneficial owner of the Note free and clear of all
liens, encumbrances, adverse claims, options and rights of others.

 

		(d)	Holder understands the Conversion Shares will be issued without registration under the Securities Act
of 1933, as amended (the “Act”) in reliance upon an exemption pursuant to Section 4(a)(2) of the Act and the
representations made by Holder herein.

 

		(e)	Holder (i) has (either independently or in conjunction with its advisors and representatives) such knowledge,
sophistication and experience in the Company’s and EdgeMode’s business and financial matters that it is capable of evaluating
the merits and risks of an investment in the Conversion Shares, (ii) is aware of the economic risks of an investment in the Conversion
Shares and can bear the economic risk of an investment in the Conversion Shares, (iii) will be acquiring the Conversion Shares for investment
for Holder’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, (iv)
has no present intention of selling, granting any participation in, or otherwise distributing such Conversion Shares, and (v) does not
presently have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person
or to any third person, with respect to any of the Conversion Shares.

 

 

 

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		(f)	Holder is familiar with the business and operations of the Company and EdgeMode and has had the opportunity
to ask questions of the management of the Company and to receive satisfactory answers to such questions.

 

3.        Representations
by the Company. The Company hereby represents and warrants to Holder that:

 

		(a)	The execution, delivery and performance by the Company of this Agreement and the issuance and delivery
of the Conversion Shares upon conversion of the principal of and interest on the Note have been duly authorized by all necessary action
on the part of the Company.

 

		(b)	When issued to Holder in accordance with the terms of this Agreement, the Conversion Shares will be duly
and validly authorized and issued, fully paid and non-assessable.

 

		(c)	The execution, delivery and performance of this Agreement does not and will not violate any law, rule,
regulation or order applicable to the Company, including without limitation the law under which it is organized, and does not and will
not be in conflict with, result in the breach of, or constitute a default under, any agreement, instrument, or other document to which
the Company is a party or by which it or its property is bound.

 

 4.                Governing Law; Jurisdiction; Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to its conflicts of law principles. THE PARTIES HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS OF THE STATE OF NEW YORK, SITTING IN NEW YORK, NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT. THE PARTIES HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION WHICH THEY MAY NOW OR HEREAFTER HAVE TO THE JURISDICTION OF SUCH COURTS OR THE LAYING OF VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

 

5.              
Severability. In the event that any provision of this Agreement shall be held by a court of competent jurisdiction to be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions of this Agreement shall not in
any way be affected or impaired thereby.

 

6.              
Merger. The Parties hereto agree that this Agreement constitutes the complete and exclusive statement of the terms and conditions
between the Parties covering the subject matter hereof, supersedes all prior agreements and understandings concerning such subject matter,
whether oral or written, and cannot be amended except in writing executed by an authorized representative of each Party.

 

7.              
Counterparts. Any number of counterparts of this Agreement may be executed and each such executed counterpart shall be deemed
an original and all such counterparts taken together shall be a single instrument. This Agreement, to the extent signed and delivered
by means of a facsimile machine or electronic mail, shall be treated in all manners and respects and for all purposes as an original agreement
or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered
in person.

 

 

 

 

 

 

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties
hereto have executed this agreement as of the date first written above.

 

Fourth Wave Energy, Inc., a Nevada corporation

 

 By: _________________________________

 

Name: J. Jacob Isaacs

 

Title: Chief Executive Officer

 

 

Holder

 

________________________

 

(Name of Holder)

 

 By: _________________________________

 

Name: _______________________________

 

Title: ________________________________

 

 

 

 

 

 

 

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