Company: FLDDW
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001213900-25-014354
Chunk: 9

Company: Fold Holdings, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 5.02
Chunk 9
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equity incentive plan) or, solely if such Qualifying Termination is at the request of the acquirer in the change in control or otherwise
related to the change in control, during the three-month period prior to the consummation of such change in control, the Executive will
be eligible to receive the following payments and benefits (in lieu of the payments and benefits described above):

  (i)      An amount equal to 18 months (for Mr. Reeves), 12 months                                    
           (for Mr. Repass) or nine months (for Ms. Goncalves) of base salary, payable in a lump sum.  
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  (ii)      Company-subsidized COBRA continuation for the Executive and                                                                                  
            his or her covered dependents for up to 18 months (for Mr. Reeves), 12 months (for Mr. Repass) or nine months (for Ms. Goncalves) following  
            the Qualifying Termination.                                                                                                                  
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  (iii)      An amount equal to 150% (for Mr. Reeves), 100% (for Mr. Repass)                                                                          

  (iv)      Except to the extent that the applicable Company equity plan                                                                          

The Executive’s right to receive the applicable severance payments
and benefits is subject to his or her execution, delivery, and, as applicable, non-revocation of a general release of claims in favor
of the Company and its affiliates, and continued compliance with any applicable restrictive covenants.

Additionally, if any payments under the Executive Severance Plan, together
with any other amounts paid to the Executive, would subject the Executive to an excise tax under Section 4999 of the Internal Revenue
Code, such payments will be reduced to the extent that such reduction would produce a better net after-tax result for the Executive.

The foregoing summary of the Executive Severance Plan is qualified
in its entirety by reference to the full text of the Executive Severance Plan, a copy of which is attached hereto as Exhibit 10.17 and
incorporated herein by reference.