Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 716

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 716
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, however, that a Transfer referred to in this Section 7.10(b)(ii) (other than Transfers pursuant to subsections (G), (H) and (J)) shall be permitted only if, as a precondition to such Transfer, the transferee agrees in a writing, reasonably satisfactory in form and substance to the Corporation, to be bound by all of the terms of the Lockup. (iii)Notwithstanding the other provisions set forth in this Section 7.10(b), the Lockup obligations set forth herein may be waived, repealed or amended to shorten the Lockup Period, in each case, by approval of the independent directors constituting a majority of the Board. (iv)As used in this Section 7.10(b): (A)“ Business Combination Transaction ” means the transactions contemplated by the Merger Agreement; (B)“ Common Stock ” means the Class A Common Stock, par value $0.0001 per share, of the Corporation; (C)“ Lockup Period ” means the period beginning on the Closing (as defined in the Merger Agreement) and ending on the date that is the earlier of (x) such time as the Subject Share Price exceeds $12.00 per share or (y) the date that is six months following the Closing; (A)“ Lockup Shares ” means the shares of Common Stock (x) issued as consideration pursuant to the Merger Agreement, (y) issued to directors, officers and employees of the Corporation and other individuals upon the settlement or exercise of Assumed RSU Awards (as defined the Merger Agreement) during the Lockup Period or (z) otherwise held by the Lockup Holders as a result of the Closing or otherwise issued or issuable following the Closing to Lockup Holders in connection with or as a result of the transactions contemplated by the Merger Agreement (other than shares of Common Stock acquired in the public market or pursuant to a Private Placement (as defined in the Merger Agreement)); (B)“ Merger Agreement ” means that certain Agreement and Plan of Merger, dated as of July 24, 2024, by and among the Corporation, EMLD Merger Sub Inc., a Delaware corporation, and Fold, Inc., a Delaware corporation; Annex C-16 (C)“ Subject Share Price ” means the share price equal to the closing share price of Common Stock for a period of at least twenty (20) days out of thirty (30) consecutive trading days ending on the trading