Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 764

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 764
---
/or the appointment of a lead independent
director;

●periodically reviewing the processes and procedures used by
us to provide information to the Board and its committees and the scope of such information and making recommendations to the Board and
management for improvement as appropriate; and

●reviewing periodically the nominating and corporate governance
committee charter and recommending any proposed changes to the Board, including undertaking an annual review of its own performance.

The composition and function of the nominating and corporate governance
committee complies with all applicable requirements of the Sarbanes-Oxley Act, SEC rules and regulations and Nasdaq listing rules.

Limitation on Liability and Indemnification of Directors and
Officers

Our Charter eliminates the liability of our officers and directors
for monetary damages to the fullest extent permitted by applicable law. The DGCL provides that officers and directors of a corporation
will not be personally liable for monetary damages for breach of their fiduciary duties, except for liability:

●for any transaction from which the director or officer derives
an improper personal benefit;

●for any act or omission not in good faith or that involves
intentional misconduct or a knowing violation of law;

●for any unlawful payment of dividends or redemption of shares
by directors; or

●for any breach of a director’s or officer’s duty
of loyalty to the corporation or its stockholders.

84

If the DGCL is amended to authorize corporate action further eliminating
or limiting the personal liability of officers and directors, then the liability of our officers and directors will be eliminated or limited
to the fullest extent permitted by the DGCL, as so amended.

Our Bylaws require us to indemnify and advance expenses, to the fullest
extent permitted by applicable law, to our directors, officers and agents. We maintain a directors’ and officers’ insurance
policy pursuant to which our directors and officers are insured against liability for actions taken in their capacities as directors and
officers. Finally, our Charter prohibits any retroactive changes to the rights or protections or increasing the liability of any officer
or director in effect at the time of the alleged occurrence of any act or omission to act giving rise to liability or indemnification.

In addition, we have entered into separate indemnification agreements
with each of our directors and executive officers. These agreements, among other things, require us to indemnify our directors and executive
officers for certain expenses, including attorneys’ fees, judgments, fines and settlement amounts incurred by a director or executive
officer in any action or