Fourth Wave Energy Inc. (FWAV)

[The Truth Hurts]

August 18, 2020 the Company entered into a non-binding Letter of Intent
to acquire DeSol Power Tile, LLC for cash and shares of the Company's common
stock.

DeSol Power Tile is based in Atlanta, Georgia and has developed solar
panels which act as the actual roof of a building.

For more information concerning DeSol Power Tile visit its website at
https://www.desolpowertiles.com/.

The acquisition of DeSol Power Tile is subject to a number of conditions,
including the execution of a definitive agreement between the parties.

https://www.sec.gov/Archives/edgar/data/1652958/000100487820000122/form8k801acquiredesol8-20.txt