Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1251

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7A
Chunk 1251
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, reviewing management’s
response, and resolving any other conflicts or disagreements regarding financial reporting;

●considering and reviewing with management, the independent
auditors, and outside advisors or accountants any correspondence with regulators or governmental agencies and any published reports that
raise material issues regarding our financial statements or accounting policies;

●reviewing with management legal and regulatory compliance
and any material current, pending or threatened legal matters; and

●reviewing and evaluating on an annual basis the performance
of the audit committee and the audit committee charter.

The composition and function of the audit committee complies with all
applicable requirements of the Sarbanes-Oxley Act, SEC rules and regulations and Nasdaq listing rules.

Compensation Committee

Our compensation committee consists of Dr. Kirkwood and Mr. Young.
Dr. Kirkwood serves as the chair of the compensation committee. The Board has determined that each of the members of the compensation
committee is a non-employee director, as defined in Rule 16b-3 promulgated under the Exchange Act and satisfies the independence
requirements of Nasdaq. The functions of the committee include, among other things:

●reviewing and approving the corporate goals and objectives
that pertain to our overall compensation strategy and policies;

●reviewing and approving annually the compensation and other
terms of employment of our executive officers and other members of senior management, in the compensation committee’s discretion;

●reviewing and approving the type and amount of compensation
to be paid or awarded to our non-employee board members;

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●administering our equity incentive plans and other benefit
plans;

●reviewing and approving the terms of any employment agreements,
severance arrangements, change in control protections, indemnification agreements and any other material arrangements with our executive
officers and other members of senior management, in the compensation committee’s discretion;

●reviewing and establishing appropriate insurance coverage
for our directors and officers;

●reviewing and discussing with management our disclosures under
the caption “Compensation Discussion and Analysis” in our periodic reports or proxy statements to be filed with the SEC,
to the extent such caption is included in any such report or proxy statement;

●preparing an annual report on executive compensation that
the SEC requires in our annual proxy statement;

●reviewing our practices and policies for employee compensation
as related to risk management and risk-taking incentives to determine if such compensation policies and practices are reasonably likely
to have a material adverse effect on us;

●establishing and monitoring stock ownership guidelines