Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 800

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 800
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 for the number of Interest Shares to which the Holder shall be entitled and (ii) with respect to each Interest Date, pay to the Holder, in cash by wire transfer of immediately available funds, the amount of any Cash Interest. (c)Prior to the payment of Interest on an Interest Date, Interest on this Note shall accrue at the Interest Rate and be payable by way of inclusion of the Interest in the Conversion Amount on each Conversion Date in accordance with Section 3(b)(i) or upon any redemption in accordance with Section 12 or any required payment upon any Bankruptcy Event of Default. From and after the occurrence and during the continuance of any Event of Default, the Interest Rate in effect with respect to such determination shall automatically be increased to the Default Rate. In the event that such Event of Default is subsequently cured (and no other Event of Default then exists, including, without limitation, for the Company’s failure to pay such Interest at the Default Rate on the applicable Interest Date), the adjustment referred to in the preceding sentence shall cease to be effective as of the calendar day immediately following the date of such cure; provided that the Interest as calculated and unpaid at such increased rate during the continuance of such Event of Default shall continue to apply to the extent relating to the days after the occurrence of such Event of Default through and including the date of such cure of such Event of Default. Annex I-2 (d) Special Interest . In addition to the foregoing, (x) if the Business Combination Closing Date has not occurred on or prior to October 19, 2025 (or, if earlier, immediately prior to the time of any redemption, in whole or in part, of this Note or the occurrence of a Bankruptcy Event of Default)(as applicable “ BC Deadline ”), a BC Default Payment (as defined below) shall accrue hereunder as of the BC Deadline as additional Interest that is payable in cash hereunder on the first to occur of (i) the Maturity Date, (ii) the occurrence of a Bankruptcy Event of Default or (iii) upon any redemption in accordance with Section 12 (collectively, the “ BC Trigger Date ”), and (y) if the Business Combination Closing Date has occurred prior to the BC Deadline, the BC Success Payment (as defined below) shall accrue hereunder as of the Business Combination Closing Date as additional Interest that is payable in cash hereunder on the BC Trigger Date. For the avoidance of doubt, after the earlier to occur of the BC Deadline and