Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 777

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 777
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 upon conversion of its previously held shares of Parent Class B Common Stock (the “ Sponsor Promote Shares ” and, together with the Sponsor Co-Invest Shares, the “ Sponsor Shares ”) in the aggregate; WHEREAS, contemporaneously with the execution and delivery of this Agreement, Parent, EMLD Merger Sub Inc., a Delaware corporation and a wholly-owned Subsidiary of Parent (“ Merger Sub ”), and Fold, Inc., a Delaware corporation (the “ Company ”), have entered into an Agreement and Plan of Merger (as amended or modified from time to time, the “ Merger Agreement ”), dated as of the date hereof, pursuant to which, among other things, Merger Sub shall merge with and into the Company, with the Company surviving as a wholly-owned subsidiary of Parent on the terms and subject to the conditions set forth therein (collectively, the “ Transactions ”); WHEREAS, in connection with the Transactions, immediately prior to and contingent upon the Closing, all of the Sponsor Warrants will be cancelled as further specified in this Agreement; and WHEREAS, as an inducement to the Company to enter into the Merger Agreement and to consummate the Transactions, the parties hereto desire to agree to certain matters as set forth herein. AGREEMENT NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained herein, and intending to be legally bound hereby, the parties hereto hereby agree as follows: Article I FORFEITURE; TRANSFER RESTRICTIONS 1.1 Warrant Forfeiture . (a) Immediately prior to and contingent upon the Closing, each Sponsor shall irrevocably forfeit and surrender for cancellation to Parent, the number of Sponsor Warrants set forth opposite such Sponsor’s name on Schedule I hereto (the “ Forfeited Warrants ”), which Forfeited Warrants shall be deemed automatically cancelled and retired in full, in each case for no additional consideration. (b) Parent hereby acknowledges and agrees that immediately upon receipt of the Forfeited Warrants, Parent shall cancel and retire all of the Forfeited Warrants and shall direct Parent’s transfer agent (or such other intermediaries as appropriate) to take any and all such actions to give effect thereto. (c) The Sponsors and Parent each shall (i) take such further actions as are necessary to cause the Forfeited Warrants to be retired and cancelled, after which the Forfeited Warrants shall no longer be issued or outstanding and (ii)