Company: FLDDW
Filing Date: 2025-10-02
Form Type: 424B3
Source: 0001193125-25-227152
Chunk: 24

Company: Fold Holdings, Inc.
Filing Date: 2025-10-02
Form: 424B3
Chunk 24
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 held hereunder:

Instruct the Custodian, in accordance with this Agreement and the Custody Agreement, to liquidate Collateral in the custody accountfor any non-payment, liability, obligation, or indebtedness created by the Loan, provided that the excess proceeds from the sale of the Collateral shall be returned the Borrower, together with a proof of such sale, or, where the Lender elects to undertake a Price Exposure Hedging, at a time in the Lender’s absolute discretion, and provided in either case that the proceeds of any sale shall be:

(A) net of all transaction costs and expenses to the Lender and be reduced by any Liquidation Costs; and

(B) be adjusted to take into account any Hedging Gains or any Hedging Losses arising from any Price Exposure Hedging undertaken by the Lender;

The Borrower shall have no right to determine the Digital Assets to be sold or the order, manner or price of the sale. Lender shall act in a commercially reasonable manner and provide full details of any sale, hedge or other calculation, including the time and price.

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(iv) Exercise all other rights and remedies available to the Lender under the Loan Documents, under Applicable Law, or in equity.

(b) Any enforcement against the Collateral shall be effected through the Custodian strictly in accordance with the Custody Agreement. The Custodian shall act only upon joint instructions of the Parties or upon receipt of a notice of Event of Default accompanied by evidence reasonably satisfactory to the Custodian, in each case in accordance with the Custody Agreement.

(c) Set Off

(i) The Lender may, without notice, set-off any obligation due from the Borrower under the Loan Documents against any matured obligation owed by the Lender to the Borrower, regardless of the place of payment.

(ii) For clarity, the Collateral shall be deemed an obligation owed by the Lender to the Borrower for the purpose of this set-off clause and the Lender may (but shall not be obliged to) sell the Collateral to recover any obligation due from the Borrower to the Lender under the Loan Documents.

13. Parties’ Limitation of Liability

Under no circumstances shall either Party be responsible or liable for any indirect, special, incidental, consequential or punitive losses, claims, awards and proceedings, nor any loss of profits, expectation of profit, business, revenue or anticipated savings, loss of information, interruption to business or damage to goodwill in any