Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 821

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 821
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, any Indebtedness in excess of $2,500,000 (or, if the Company holds at least 700 Bitcoin as of such time of determination, $4,000,000) due to any third party (other than, with respect to unsecured Indebtedness only, payments contested by the Company and/or such Subsidiary (as the case may be) in good faith by proper proceedings and with respect to which adequate reserves have been set aside for the payment thereof in accordance with GAAP); (xiv)other than as specifically set forth in another clause of this Section 4(a), the Company or any Subsidiary breaches any representation or warranty, in any material respect (other than representations or warranties subject to material adverse effect or materiality, which may not be breached in any respect) or any covenant or other term or condition of any Transaction Document, except, in the case of a breach of a covenant or other term or condition that is curable, only if such breach remains uncured for a period of five (5) consecutive Trading Days; (xv)a false or inaccurate certification (including a false or inaccurate deemed certification) by the Company that either (A) the Equity Conditions are satisfied, (B) there has been no Equity Conditions Failure, or (C) as to whether any Event of Default has occurred; (xvi)any breach or failure in any respect by the Company or any Subsidiary to comply with any provision of Section 14 of this Note; (xvii)any Material Adverse Event occurs; (xviii)immediately after the Business Combination Closing Date, the Successor Public Company (on a consolidated basis with its subsidiaries) shall (i) fail to satisfy the Business Combination Closing Date Minimum Liquidity Test and (ii) fail to have at least 950 Bitcoin on the balance sheet (excluding any encumbered Bitcoin); (xix)if concurrently with, or immediately following, the Business Combination Closing Date, the Successor Entity has failed to issue the Holder pursuant to the Business Combination Registration Statement, in exchange for the Initial Note (as defined in the Securities Purchase Agreement) and the Warrants issued to the Holder on the Initial Closing Date, a new senior secured convertible note (in accordance with Section 5(a) below) and new warrants to purchase common stock (in accordance with Section 4(b) of each such Warrants, as applicable) or the notification by the SEC to the Company (or its agents) that