Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 356

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 356
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 Combination, we
approved a compensation program for our non-employee directors (the “Director Compensation Program”), which became effective
as of the closing of the Business Combination. The material terms of the Director Compensation Program are summarized below.

Cash Compensation

Under the Director Compensation Program, non-employee
directors serving on the Board are entitled to cash compensation in the following amounts:

●Annual Retainer: $40,000

●Additional Annual Retainer for Non-Executive Chair: $50,000

●Additional Annual Retainer for Lead Independent Director:
$25,000

●Annual Committee Chair Retainers:

●Audit Committee: $20,000

●Compensation Committee: $15,000

●Nominating and Corporate Governance Committee: $10,000

●Annual Non-Chair Committee Member Retainers:

●Audit Committee: $10,000

●Compensation Committee: $7,500

●Nominating and Corporate Governance Committee: $5,000

Annual cash retainers will be paid in quarterly
installments in arrears and will be pro-rated for any partial calendar quarter of service.

Equity Compensation

Under the Director Compensation Program, each non-employee
director who is serving on the Board as of the date of each annual meeting of the Company’s stockholders will be granted, on such
annual meeting date, an award of restricted stock units with a grant-date value of approximately $125,000 (each an “Annual Award”),
which will vest in full on the earlier to occur of (i) the one-year anniversary of the applicable grant date and (ii) the day before the
date of the next annual meeting following the grant date, subject to the director’s continued service on the Board through the applicable
vesting date. Each non-employee director who is initially elected or appointed after the closing of the Business Combination, other than
on the date of an annual meeting, will receive a pro-rated Annual Award.

In addition, each equity award granted under the
Director Compensation Program will vest in full upon (i) a change in control of the Company (as defined in the Incentive Award Plan,
or any similar term as defined in the then-applicable plan) if the non-employee director will not become a member of the Board or the
board of directors of the Company’s successor (or any parent thereof) following such change in control, and (ii) upon the non-employee
director ceasing to serve on the Board due to his or her death