UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 3, 2023 the board of directors of Edgemode, Inc. (the “Company”) granted to each of Charlie Faulkner and Simon Wajcenberg, the Chief Executive Officer and Chief Financial Officer of the Company, respectively, options to purchase up to 77,000,000 shares of the Company’s common stock at an exercise price of $0.04 per share, exercisable for five years (the “Stock Options”). The Stock Options shall each be a non-qualified option and shall become vested and exercisable upon the Company closing on the purchase of at least $15 million of crypto mining equipment.
In addition, on March 3, 2023, the Company amended stock option grants dated September 12, 2022 to each of Charlie Faulkner and Simon Wajcenberg, the Chief Executive Officer and Chief Financial Officer of the Company, respectively. The amendment provides for the vesting to be only upon the closing of the purchase of at least $15 million of crypto mining equipment.
The foregoing descriptions of the Stock Options and each amendment are qualified in its entirety by the full text of each Stock Option and the amendment to stock option grant, which are filed herewith as Exhibits 10.1, 10.2, 10.3 and 10.4.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Incorporated by Reference | Filed or Furnished | |||||||||
Exhibit # | Exhibit Description | Form | Date | Number | Herewith | |||||
10.1 | Stock Option Grant to Charlie Faulkner dated March 3, 2023 | Filed | ||||||||
10.2 | Stock Option Grant to Simon Wajcenberg dated March 3, 2023 | Filed | ||||||||
10.3 | Amendment to Charlie Faulkner Stock Option Grant dated January 25, 2023 | Filed | ||||||||
10.4 | Amendment to Simon Wajcenberg Stock Option Grant dated January 25, 2023 | Filed | ||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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. | ||
Dated: March 7, 2023 | By: | /s/ Charles Faulkner |
Name: | Charles Faulkner | |
Title: | Chief Executive Officer |
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