Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 880

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 880
---
19, 2024, by and between the Company and Fulgur Frontier Capital LP (as amended) and on and after the Business Combination Closing Date, Liens on any Bitcoin (other than the Bitcoin Collateral); (xix)Liens securing Permitted Credit Card Indebtedness; (xx)Liens on assets not otherwise constituting Collateral; and (xxi)Liens incurred in the extension, renewal or refinancing of the Indebtedness secured by Liens described in (i) through (xvii), but any extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness may not increase. Annex I-39 (bbb)“ Permitted Safe Notes ” means one or more promissory notes issued by the Company prior to the Public Company Date pursuant to one or more simple agreement(s) for future equity, the net proceeds of which are used to purchase Bitcoin and which notes mandatorily convert into Common Stock of the Company on or prior to the Public Company Date at a price not less than $6.50 per share of the common equity of the Successor Public Company; provided, that the aggregate principal amount of such notes shall not to exceed $50,000,000. (ccc)“ Permitted Safe Note Collateral ” means any Bitcoin purchased, in whole, with the proceeds of any Permitted Safe Note, which, pursuant to the terms of the Permitted Safe Notes secure the payment of such Permitted Safe Notes. (ddd)“ Permitted Subordinated Indebtedness ” means Indebtedness (other than Convertible Securities) incurred by the Company that is made expressly subordinate in right of payment to the Indebtedness evidenced by this Note, as reflected in a written agreement reasonably acceptable to the Holder, (i) which does not include any equity or equity-linked features or the issuance or transfer of any securities in connection therewith (including, with limitation, any Options or the right to convert, exchange or otherwise satisfy the payment of such Indebtedness with any equity security of the Company or any of its Subsidiaries) unless the New Issuance Price of such securities issuable upon conversion, exchange or otherwise of (and/or in connection with) such Indebtedness, as applicable, equals or exceeds 110% of the Conversion Price and (ii) which Indebtedness does not provide at any time for (x) the payment, prepayment,