Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 447

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1B
Chunk 447
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 EMLD from June 2021 to February 2025. Mr. Young served as Chief
Executive Officer at Eclat Impact in 2016. From 2000 through 2015, Mr. Young served as Chief Executive Officer and Partner at Mariner
Investment Group. He joined Mariner directly from Goldman Sachs, where he began on the Commercial Paper trading desk in 1980 and subsequently
served as Head Trader of Institutional Liquid Assets, Co-Head of the Money Market Sales and Trading Department in New York,
Partner in charge of Fixed-Income in Tokyo, Head of Fixed-Income and foreign exchange sales in London, and, finally, Partner
and Head of European Debt Capital Markets in New York. Mr. Young serves on the board of directors of Social Finance USA, a Boston-based nonprofit
organization dedicated to mobilizing investment capital to drive social change, serves on the boards of directors for Social Progress
Imperative, a non-profit best known for measuring a government’s social and environmental performance, Cultivo, a platform
designed to finance the regeneration of nature, and TerViva, an agricultural innovation company partnering with farmers to grow and harvest
Pongamia. Mr. Young received a B.A from Bowdoin College in 1977 and an M.B.A. from New York University’s Stern School
of Business in 1983. We believe that Mr. Young’s experience in corporate leadership and private equity makes him qualified
to serve as a member of the Board.

Board Composition

Our business and affairs are organized under the direction of the Board.
The Board consists of seven members and Dr. Kirkwood serves as Chairman of the Board. The primary responsibilities of the Board are to
provide oversight, strategic guidance, counseling and direction to our management. The Board meets on a regular basis and additionally
as required.

In accordance with the terms of our Charter, the Board is divided into
three classes, Class I, Class II and Class III, with only one class of directors being elected each year and each
class serving a three-year term. There is no cumulative voting with respect to the election of directors, with the result that the holders
of more than 50% of the shares voted for the election of directors can elect all of the directors. The Board is divided into the following
classes:

●Class I, consisting of Mr. Young and Mr. Hohns