Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 302

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 302
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 from the earlier of the date the Emerald Board adopted the Incentive Award Plan or the date on which Emerald’s stockholders approve the Incentive Award Plan. Foreign Participants, Clawback Provisions and Transferability.The plan administrator may modify award terms, establish subplans and/or adjust other terms and conditions of awards, subject to the share limits described above, in order to facilitate grants of awards subject to the laws and/or stock exchange rules of countries outside of the United States. All awards granted under the Incentive Award Plan will be subject to New Fold’s clawback policy adopted in compliance with SEC rules and Nasdaq listing standards, as well as to any other applicable New Fold clawback policy. Awards under the Incentive Award Plan are generally non -transferrable, except by will or the laws of descent and distribution, or, subject to the plan administrator’s consent, pursuant to a domestic relations order, and are generally exercisable only by the participant. 183 Material U.S. Federal Income Tax Consequences The following is a general summary under current law of the principal United States federal income tax consequences related to awards under the Incentive Award Plan. This summary deals with the general United States federal income tax principles that apply and is provided only for general information. Some kinds of taxes, such as state, local and foreign income taxes and federal employment taxes, are not discussed. This summary is not intended as tax advice to participants, who should consult their own tax advisors. Non -Qualified Stock Options.If an optionee is granted an NSO under the Incentive Award Plan, the optionee should not have taxable income on the grant of the option. Generally, the optionee should recognize ordinary income at the time of exercise in an amount equal to the fair market value of the shares acquired on the date of exercise, less the exercise price paid for the shares. The optionee’s basis in New Fold Common Stock for purposes of determining gain or loss on a subsequent sale or disposition of such shares generally will be the fair market value of New Fold Common Stock on the date the optionee exercises such option. Any subsequent gain or loss should be taxable as a long -termor short -termcapital gain or loss. New Fold or its subsidiaries or affiliates generally should be entitled to a federal income tax deduction at the time and for the same amount as the optionee recognizes ordinary income, subject to Code limitations. Incentive Stock Options.A participant receiving ISOs should not recognize taxable income upon grant or at the time of exercise. However