Exhibit 10.4
EDGEMODE, INC.
Attention: Simon Wajcenberg
Re: Amendment to Stock Options
Dear Optionee,
Edgemode, Inc. (the “Company”) in partial consideration of the Optionee’s agreement to convert $769,989 of his accrued salary payable under his Company employment agreement hereby amends that certain (1) option to purchase up to 76,619,603 shares of the Company’s common stock at an exercise price of $0.10 per share issued on September 12, 2022, as amended on March 3, 2023 (the “2022 Option”); and (2) option to purchase up to 77,000,000 shares of the Company’s common stock at an exercise price of $0.04 per share issued on March 3, 2023 (the “2023 Option”) as stated herein.
| | 1. | Amendment. Section 2 of each of the 2022 Option and 2023 Option is amended and restated in its entirety to change the vesting and exercisable condition as follows: “Exercisability of Option. The option shall be a non-qualified option and shall become vested and exercisable immediately on the date hereof.” |
| | 2. | No Other Amendment. Except as specifically amended pursuant to this Amendment, each of the 2022 Option and 2023 Option remains in full force and effect in accordance with its terms. |
| | 3. | Effectiveness. This Amendment will become effective upon your acknowledgment of the terms and conditions of this Amendment and your delivery to us of a signed counterpart of this Amendment. |
Very truly yours,
/s/ Charlie Faulkner_________________
Charlie Faulkner, Chief Executive Officer
Dated: February 20, 2025
AGREED TO AND ACCEPTED ON FEBRUARY 20, 2025
Optionee
/s/ Simon Wajcenberg________________
Simon Wajcenberg, Chief Financial Officer
