EdgeMode, Inc. entered into a securities purchase agreement with new investor 1800 Diagonal Lending, LLC for issuance of unsecured promissory note for gross proceeds of $60,000 on August 2, 2023. The promissory note shall bear interest at a rate of 13% and have a maturity date of May 15, 2024. The promissory note are convertible into common shares at any time following an event of default.

The outstanding principal and accrued interest shall be paid in nine monthly payments of $8,971. The promissory note is issued at a discount of $11,450. The promissory note was issued in a private placement in reliance upon an exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933.