Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 185

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 185
---
-back” registration rights to such stockholders and
their permitted transferees, subject to certain requirements and customary conditions.

<div align='center'>106</div>

Sponsor Share Restriction
Agreement

Concurrently with the execution
of the Merger Agreement, the Sponsors entered into the Sponsor Share Restriction Agreement (as amended, the “Sponsor Share Restriction
Agreement”) with the Company. Pursuant to the Sponsor Share Restriction Agreement, at the Closing, (i) all Private Placement
Warrants were forfeited and cancelled, and (ii) approximately 4.9 million of the Sponsors’ founder shares (the “subject
founder shares”) became subject to time-based transfer restrictions subject to early release as follows:

| ● | 1,622,547 subject founder shares shall remain subject to transfer restrictions until the earlier of (a) six months     
 following the Closing or (b) the first date that the stock price exceeds $12.00 for 20 trading days of any consecutive 
 30 trading day period ending after the date that is 90 days after the Closing;                                         |

| ● | 1,622,547 subject founder shares shall remain subject to transfer restrictions until the earlier of (a) (x) in                     
 the event that the Company and Legacy Fold raise $50 million or more as of the Closing, one year following the Closing, and (y) in 
 the event that the Company and Legacy Fold raise less than $50 million as of the Closing, two years following the Closing, or      
 (b) the first date that the stock price exceeds $15.00 for 20 trading days of any consecutive 30 trading day                       
 period ending after the date that is 90 days after the Closing; and                                                                |

| ● | 1,622,547 subject founder shares shall remain subject to transfer restrictions until the earlier of (a) ten years      
 following the Closing or (b) the first date that the stock price exceeds $17.00 for 20 trading days of any consecutive 
 30 trading day period ending after the date that is 90 days after the Closing.                                         |

In the event that the Company
raises less than $50 million from the date of the Merger Agreement through February 14, 2027 (the second anniversary of the Closing),
the Sponsors shall automatically forfeit for no additional consideration up to 1,000,000 subject founder shares.

Lock-Up Agreement

On February 14, 2025, in