EdgeMode, Inc. entered into a letter of intent to acquire Fourth Wave Energy, Inc. (OTCPK:FWAV) in a reverse merger transaction on August 20, 2021. EdgeMode, Inc. entered into an agreement to acquire Fourth Wave Energy, Inc. (OTCPK:FWAV) in a reverse merger transaction on December 2, 2021. Under the letter of intent, Fourth Wave Energy will, at the closing, acquire all of the issued and outstanding shares of EdgeMode for that number of shares of Fourth Wave's common stock which, at closing, will represent 80% of the Fourth Wave's outstanding shares of common stock.

Following the completion of the merger, Joseph Isaacs will remain with the Company in a consulting capacity and Charlie Faulkner and Simon Wajcenberg will assume board and executive management positions with the Company. At the effective time of the Merger, Joseph Isaacs, the Company's sole officer and director will resign as an executive officer and director, the size of the Company's board of directors will be increased from one to two persons and Charlie Faulkner and Simon Wajcenberg, the principals of EdgeMode, will assume board and executive management positions with the Company. Following the completion of the Merger, Joseph Isaacs will remain with the Company in a consulting capacity.

The transaction is subject to a number of conditions, including the execution of a definitive agreement between the parties, satisfactory completion of due diligence and the audit of EdgeMode's financial statements. Lucosky Brookman LLP acted as legal advisor for Fourth Wave Energy while, Nason Yeager Gerson Harris & Fumero, P.A. acted as legal advisor to EdgeMode in the deal. Empire Stock Transfer, Inc. acted as transfer agent to Fourth Wave Energy, Inc.