Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 181

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 181
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 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. Goncalves, which set forth the terms and conditions of employment for each such executive, including base
salary, their initial Fold RSU Awards and eligibility to participate in our employee benefit plans. Such offer letters do not provide
for severance.

<div align='center'>104

FOLD’S
DIRECTOR COMPENSATION</div>

Fold has not historically maintained
a formal non-employee director compensation program, and none of Fold’s non-employee directors received compensation from Fold for
their service on the board of directors in 2024.

In connection with the Business
Combination, we approved a compensation program for our non-employee directors (the “Director Compensation Program”), which
became effective as of the closing of the Business Combination. The material terms of the Director Compensation Program are summarized
below.

Cash Compensation

Under the Director Compensation
Program, non-employee directors serving on the Board are entitled to cash compensation in the following amounts:

| ● | Annual Retainer: $40,000 |

| ● | Additional Annual Retainer for Non