Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 840

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 840
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 Redemption Amount ”) by delivering written notice thereof (an “ Asset Sale Optional Redemption Notice ”) to the Company. “ Excluded Sale Assets ” means (i)_up to 200 Bitcoin (less such aggregate number of Bitcoin that the Company elects to sell or transfer as an Excluded Sale Asset hereunder, which asset shall thereafter also be an Excluded Sale Asset hereunder) or (ii) Excluded Other Assets (as defined below), in each case, sold by the Company in one or more Asset Sales after the Subscription Date. (b) Mechanics . Each Asset Sale Optional Redemption Notice shall indicate that all, or such applicable portion, as set forth in the applicable Asset Sale Optional Redemption Notice, of the Eligible Asset Sale Optional Redemption Amount the Holder is electing to have redeemed (the “ Asset Sale Optional Redemption Amount ”) and the date of such Asset Sale Optional Redemption (the “ Asset Sale Optional Redemption Date ”), which shall be the later of (x) the fifth (5 th ) Business Day after the date Annex I-18 of the applicable Asset Sale Optional Redemption Notice and (y) the date of the consummation of such Eligible Asset Sale. The portion of the Conversion Amount of this Note subject to redemption pursuant to this Section 9 shall be redeemed by the Company in cash at a price equal to 100% of the Asset Sale Optional Redemption Amount (the “ Asset Sale Optional Redemption Price ”). Redemptions required by this Section 9 shall be made in accordance with the provisions of Section 12. 10. NONCIRCUMVENTION . The Company hereby covenants and agrees that the Company will not, by amendment of its Certificate of Incorporation (as defined in the Securities Purchase Agreement), Bylaws (as defined in the Securities Purchase Agreement) or through any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Note, and will at all times in good faith carry out all of the provisions of this Note and take all action as may be required to protect the rights of the Holder of this Note. Without limiting the generality of the foregoing or any other provision of this Note or the other Transaction Documents, the Company (a) shall not increase the par value of any shares of Common Stock receivable upon conversion of this Note above the Conversion Price then in effect, and (b) shall take all such actions