Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 271

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 271
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 contractor (who is a natural person) with an annual salary or consulting fees in excess of $250,000, or terminate the employment of any executive officer other than for cause or due to death or disability; •sell, assign, exclusively license, abandon, or allow to lapse any material intellectual property, other than in the ordinary course of business consistent with past practice; •other than as required by applicable law, become a party to, establish, adopt, amend, commence participation in or enter into any collective bargaining or similar labor union contract; •fail to use commercially reasonable efforts to keep current and in full force and effect, or to comply with the requirements of, or to apply for or renew, any permit, approval, authorization, consent, license, registration or certificate issued by any governmental entity that is material to the conduct of its business, taken as a whole; •file any prospectus supplement or registration statement or consummate any offering of securities that requires registration under the Securities Act or that includes any actual or contingent commitment to register such securities under the Securities Act in the future; •fail to maintain, cancel or materially change coverage under, in a materially detrimental manner, any insurance policy maintained with respect to Fold and its subsidiaries and their assets and properties; •enter into any material new line of business outside of the business currently conducted by it as of the date of the Merger Agreement; or •agree or authorize to do any of the foregoing. Emerald has agreed that, except as permitted by the Merger Agreement, as required by law or unless Fold shall have provided written consent, during the period commencing on the date of the Merger Agreement and continuing until the earlier to occur of the closing of the Merger and the termination of the Merger Agreement, each of Emerald and its subsidiaries will conduct its business and operations in the ordinary course of its normal operations and 158 consistent with its past practices and in compliance with all applicable laws, regulations and certain material contracts. Emerald has also agreed that, subject to certain limited exceptions, without the written consent of Fold, it will not, and will not permit any of its subsidiaries to, during the period commencing on the date of the Merger Agreement and continuing until the earlier to occur of the closing of the Merger and the termination of the Merger Agreement: •change, modify or amend, or seek any approval from its stockholders to change, modify or amend, the Trust Agreement, its amended and restated certificate of incorporation or bylaws or the organizational documents of Merger Sub;