Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1086

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 6
Chunk 1086
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. CCM is also entitled
to an advisory fee equal to 0.825% of the aggregate proceeds of the exercise of the overallotment option, payable at the closing of the
business combination. The underwriter had agreed to reimburse us for the fee to CCM as it becomes payable out of the underwriting commissions.
Accordingly, a reimbursement receivable and deferred advisory fee of $1,155,000 had been reflected in the accompanying balance sheets.
On October 18, 2023, we entered into an agreement with the underwriter in which the underwriter waived any entitlement it may have to
the deferred underwriting discount in respect of any business combination. As a result, we reversed the reimbursement receivable and recognized
$1,155,000 of advisory fee expenses in the accompanying statements of operations. At the Closing, CCM was paid an advisory fee in the
amount of $1,155,000.

96

Director and Officer Indemnification

The Company’s charter and bylaws provide
for indemnification and advancement of expenses for its directors and officers to the fullest extent permitted by the DGCL, subject to
certain limited exceptions. The Company has entered into indemnification agreements with each of its directors and officers.

Support Agreement

Concurrently with the execution of the Merger Agreement, the Company
entered into a Support Agreement with (i) the Sponsors, (ii) Legacy Fold, and (iii) the Legacy Fold stockholders named
therein (together with the Sponsors, the “Voting Parties” and each a “Voting Party”), pursuant to which the Voting
Parties agreed to vote or cause to be voted all Company voting shares and all Legacy Fold voting securities that they beneficially own
(i) in favor of (A) the Transactions and the Merger Agreement; (B) an amendment of the Company’s governing documents
to extend the outside date for consummating the Transactions, if applicable; and (C) any proposal to adjourn or postpone a meeting
of stockholders of the Company to a later date if there are not sufficient votes to approve the Transactions; (ii) against any action,
proposal, transaction or agreement that could reasonably be expected to result in a breach under the Merger Agreement; and (iii) against
(A) any proposal or offer from any person (other than the Company or Legacy Fold or any of their respective affiliates) concerning
(1) a merger, consolidation