Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnSeptember 12, 2022 the board of directors ofEdgemode, Inc. (the "Company") granted to each ofCharlie Faulkner andSimon Wajcenberg , the Chief Executive Officer and Chief Financial Officer of the Company, respectively, options to purchase up to 76,619,603 shares of the Company's common stock at an exercise price of$0.10 per share, exercisable for five years, subject to earlier termination in the event the option holder is terminated for "cause" as defined under each of such option holder's Employment Agreement datedJanuary 31, 2022 (the "Stock Option Grants") Furthermore, The Stock Option Grants shall each be a non-qualified option and shall become vested and exercisable upon the listing of the Company's common stock on the NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ Capital Market, theNew York Stock Exchange or NYSE MKT; provided that the holder is employed by the Company on such uplisting date.
The foregoing description of the Stock Option Grants is qualified in its entirety by the full text of each Option Agreement which is filed herewith as Exhibit 10.1 and 10.2.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Filed or Incorporated by Reference Furnished
Exhibit # Exhibit Description Form Date Number Herewith 10.1 Charlie Faulkner Stock Option Grant dated Filed September 12, 2022 10.2 Simon Wajcenberg Stock Option Grant dated Filed September 12, 2022 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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