Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 832

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 832
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 Optional Redemption if any Event of Default has occurred and continuing, but any Event of Default shall have no effect upon the Holder’s right to convert this Note in its discretion. (b) Pro Rata Redemption Requirement . If the Company elects to cause a Company Optional Redemption of this Note pursuant to Section 8(a) above, then it must simultaneously take the same action with respect to all of the Other Notes. 9. ASSET SALE OPTIONAL REDEMPTION (a) General . At any time from and after the earlier of (x) the date the Holder becomes aware of the occurrence of an Asset Sale (including any insurance and condemnation proceeds thereof) (the “ Holder Notice Date ”) and (y) the time of consummation of an Asset Sale (other than amounts reinvested in assets to be used in the Company’s business within six months of the date of consummation of such Asset Sale) other than Excluded Sale Assets (as defined below) (each, an “ Eligible Asset Sale ”), the Holder shall have the right, in its sole discretion, to require that the Company redeem (each an “ Asset Sale Optional Redemption ”) all, or any portion, of the Conversion Amount under this Note not in excess of (together with any Asset Sale Optional Redemption Amount (as defined in the applicable other Note of the Holder) of any other Notes of the Holder) the Holder’s Holder Pro Rata Amount of 20% of the gross proceeds (including any insurance and condemnation proceeds with respect thereto) of such Eligible Asset Sale (the “ Eligible Asset Sale Optional Redemption Amount ”) by delivering written notice thereof (an “ Asset Sale Optional Redemption Notice ”) to the Company. “ Excluded Sale Assets ” means (i)_up to 200 Bitcoin (less such aggregate number of Bitcoin that the Company elects to sell or transfer as an Excluded Sale Asset hereunder, which asset shall thereafter also be an Excluded Sale Asset hereunder) or (ii) Excluded Other Assets (as defined below), in each case, sold by the Company in one or more Asset Sales after the Subscription Date. (b) Mechanics . Each Asset Sale Optional Redemption Notice shall indicate that all, or such applicable portion, as set forth in the applicable Asset Sale Optional Redemption Notice, of the Eligible Asset Sale Optional Redemption Amount the Holder is electing to have redeemed (the “ Asset Sale Optional Redemption Amount ”) and the date of such Asset Sale Optional Redemption (the “ Asset Sale Optional Redemption Date ”