Company: FLDDW
Filing Date: 2025-10-02
Form Type: 424B3
Source: 0001193125-25-227152
Chunk: 34

Company: Fold Holdings, Inc.
Filing Date: 2025-10-02
Form: 424B3
Chunk 34
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er hereby grants the Lender a continuing first-priority security interest in the Collateral held by the Custodian under the Custody Agreement , which shall attach upon the transfer of the Loan Assets by the Lender to the Borrower and which shall cease upon the unconditional and irrevocable repayment of all amounts owing by the Borrower to the Lender pursuant to the Loan Documents. The Collateral shall be held in custody by the Custodian pursuant to the Custody Agreement. The Custody Agreement must be executed by the Parties and the Custodian prior to any transfer of Loan Assets or Digital Assets. The Lender shall not lend, invest, re-pledge, rehypothecate, or otherwise use or encumber the Collateral, and shall have access to the Collateral only in accordance with the terms of the Custody Agreement and this Agreement.

If the Lender transfers Loan Assets to the Borrower and the Borrower does not transfer Collateral sufficient to comply with any Collateral Level set forth in the Loan Term Sheet within 12 hours of receipt of the Loan Assets, the Lender shall (even where the Lender does not have a Call Option) have the right to demand that the Borrower repay the Loan Assets immediately. If the Borrower transfers Collateral to the Custodian pursuant to this Schedule 3 and the Lender does not transfer the Loan Assets to the Borrower within 12 hours of receipt of the Collateral, the Borrower shall have the right (even where the Borrower does not have a Prepayment Option) to direct the Custodian to return the Collateral to the Borrower. The Lender’s obligation to return the Collateral under this paragraph shall not be affected by an act, omission, matter or thing which would reduce, release or prejudice any of its obligations hereunder and neither Party shall be entitled to claim any cyber security issue, technical malfunction, hacker activity, or other misappropriation of funds as a force majeure event to release or mitigate its obligations hereunder.

The Lender shall instruct the Custodian to return to the Borrower the same amount and type of Collateral, including any Additional Collateral or Margin Call adjustments, within 6 hours of the Lender’s confirmation that the Loan Assets have been unconditionally and irrevocably returned to the Lender (the “ Collateral Return Date ”). The returned Collateral should be transferred into an applicable Digital Asset Address designated by the Borrower and notified to the Lender. The Lender’s obligation to