Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1529

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9A
Chunk 1529
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 (2) one percent of the average of
the Company’s total assets at fiscal year-end for the last two completed fiscal years, and in which any related person had, has
or will have a direct or indirect material interest. A “related person” means:

●any person who is, or at any time since the beginning of the Company’s
last fiscal year was, a director or executive officer of the Company or a nominee to become a director of the Company;

●any person who is known to be the beneficial owner of more than 5% of any
class of the Company’s voting securities; and

●any immediate family member of any of the foregoing persons, which means
any child, stepchild, parent, stepparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or
sister-in-law of the director, executive officer, nominee or more than 5% beneficial owner, and any person (other than a tenant or employee)
sharing the same household of such director, executive officer, nominee or more than 5% beneficial owner.

We have policies and procedures designed to minimize potential conflicts
of interest arising from any dealings we may have with our affiliates and to provide appropriate procedures for the disclosure of any
real or potential conflicts of interest that may exist from time to time. Specifically, pursuant to our audit committee charter, the audit
committee has the responsibility to review related party transactions.

See Item 10 “Directors, Executive Officers and Corporate Governance—Corporate
Governance—Director Independence” for discussion regarding director independence and qualifications.

Amended and Restated Registration Rights Agreement

In connection with the consummation of the Business
Combination and as contemplated by the Merger Agreement, the Company, Emerald ESG Sponsor LLC (“ESG Sponsor”), Emerald ESG
Advisors, LLC (“ESG Advisors”) and Emerald ESG Funding, LLC (“ESG Funding” and, collectively with ESG Sponsor
and ESG Advisors, the “Sponsors”), certain stockholders of Legacy Fold and certain stockholders of the Company (collectively,
the “Registration Rights Holders”) entered into an Amended and Restated Registration Rights Agreement, dated as of February
14, 2025 (the “A&R Registration Rights Agreement”).

Under the A&R Registration Rights Agreement,
the Company is obligated to file a registration statement with the SEC to register the resale of (a) any shares of Common Stock held by
a