Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 381

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 381
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000 Founder Shares to each independent director. The Sponsor, Emerald’s officers and directors, or entities with which they are affiliated, will be reimbursed for any out -of-pocketexpenses incurred in connection with activities on Emerald’s behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Conflicts of Interest In general, officers and directors of a Delaware corporation are required to present business opportunities to the corporation if: •the corporation could financially undertake the opportunity; •the opportunity is within the corporation’s line of business; and •it would not be fair to the corporation and its stockholders for the opportunity not to be brought to the attention of the corporation. Emerald’s amended and restated certificate of incorporation provides, however, that the doctrine of corporate opportunity, or any other analogous doctrine, does not apply to Emerald or any of its officers or directors or in circumstances that would conflict with any current or future fiduciary duties or contractual obligations. Accordingly, if any of Emerald’s officers or directors becomes aware of a business combination opportunity that falls within the line of business of any entity to which he or she has pre -existingfiduciary or contractual obligations, he or she may be required to present the opportunity to such entity prior to presenting the opportunity to Emerald or, if he or she is subject to a non -competeobligation that includes business opportunities, he or she may be prohibited from referring such opportunity to Emerald. Below is a table summarizing the companies to 236

which Emerald’s officers and directors owe fiduciary obligations that could conflict with their fiduciary obligations to Emerald, all of which may have to (i) be presented appropriate potential target businesses by Emerald’s officers or directors, and (ii) reject the opportunity to acquire such potential target business, before the opportunity may be presented to Emerald:

| Individual(1)             |     | Entity(2)                         |     | Affiliation                 |
| Betsy Cohen               |     | FTAC Hera Acquisition Corp.       |     | Chairman                    |
|                           |     | FTAC Athena Acquisition Corp.     
 Cohen Circle Acquisition Corp. I  |     | Chairman                    
 Chairman, President and CEO |
| Bracebridge H. Young, Jr. |     | Bracebridge Capital               |     | Vice Chairman               |
|                           |     | Newmarket Investment Advisors     |     | Advisor                     |
|                           |     | Cultivo                           |     | Director                    |
|                           |     | Social Finance USA                |     | Director                    |
|                           |