Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 172

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 172
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 (3) | Represents Fold RSUs that vest upon satisfaction of both a service-based vesting requirement and a liquidity                           
 event vesting requirement. The service-based vesting condition is satisfied as to one-fourth of the Fold RSUs on the first anniversary 
 of the vesting commencing date and as to 1/48th of the Fold RSUs on each monthly anniversary of the vesting commencement date          
 thereafter, subject to the grantee’s continued service through the applicable vesting date. The liquidity event vesting condition      
 is satisfied upon the first to occur, on or prior to the seventh (7th) anniversary of the grant date, of a change in control           
 of Fold or an initial public offering of Fold’s common stock.                                                                          |

| (4) | Represents Fold RSUs that vest upon satisfaction of both a service-based vesting requirement and a liquidity                           
 event vesting requirement. The service-based vesting condition is satisfied as to one-fourth of the Fold RSUs on the first anniversary 
 of the vesting commencing date and as to 1/48th of the Fold RSUs on each monthly anniversary of the vesting commencement date          
 thereafter, subject to the grantee’s continued service through the applicable vesting date. The liquidity event vesting condition      
 is satisfied upon the first to occur, on or prior to the seventh (7th) anniversary of the grant date, of a change in control           
 of Fold or an initial public offering of Fold’s common stock, subject to the grantee’s continued service through the consummation      
 of such change in control or initial public offering.                                                                                  |

Executive Compensation Arrangements Offer Letters Offer Letter for Mr. Reeves Fold is party to an offer letter, as amended, with Mr. Reeves, which sets forth the terms and conditions of employment for Mr. Reeves, including base salary, his initial awards of restricted Fold Common Stock and eligibility to participate in our employee benefit plans. Pursuant to his offer letter, if Mr. Reeves’ employment is terminated by us without “cause” or he resigns for “good reason” (each such term as defined in the offer letter) then, subject to his timely execution and non-revocation of a release of claims in favor of Fold, Mr. Reeves is eligible to receive a cash severance payment equal to 12 months of base salary, payable in a lump sum. Offer Letters for Mr. Repass and Ms. Goncalves Fold is party to offer letters with each of Mr. Repass and Ms