Company: FLDDW
Filing Date: 2025-10-02
Form Type: 424B3
Source: 0001193125-25-227152
Chunk: 11

Company: Fold Holdings, Inc.
Filing Date: 2025-10-02
Form: 424B3
Chunk 11
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(c) any jurisdiction where it conducts its business; and

(d) the jurisdiction whose laws govern the perfection of any Collateral (if applicable).“Subsidiary”means, in relation to any company or corporation, a company or corporation: (a) which is controlled, directly or indirectly, by the first-mentioned company or corporation;

(b) more than half of the issued share capital of which is beneficially owned, directly or indirectly, by the first-mentioned company or corporation;

(c) of whose dividends or distributions the first-mentioned company or corporation is entitled to receive more than half; or

(d) which is a Subsidiary of another Subsidiary of the first-mentioned company or corporation,

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and, for this purpose, a company or corporation shall be treated as being “controlled” by another if that other company or corporation is able to direct its affairs and/or to control the composition of its board of directors or equivalent body.

“Tax” means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same).

“Tax Deduction” means a deduction or withholding for or on account of Tax from a payment under a Loan Document.

"Trades" means any trades or transactions in Digital Assets or derivatives entered into by the Borrower hereunder (including without limitation the purchase of, or dealing in, any perpetual contracts, options, spot purchases of assets (including Digital Assets) and other derivatives or financial markets contracts (and on-exchange or bilaterally over-the-counter) referencing Digital Assets.).

“Unpaid Sum” means any sum due and payable but unpaid by the Borrower under the Loan Documents.

“Utilization Date” means the date of a utilization of a facility herein, being the date on which the relevant Loan is to be made.

2. Construction

Unless a contrary indication appears, any reference in this Agreement to:

(a) a Loan Document or any other agreement or instrument is a reference to that Loan Document or other agreement or instrument as amended (however fundamentally), novated, supplemented, extended or restated from time to time (whether or not the relevant amendment, novation, supplement, extension or restatement was contemplated at the date of this Agreement));

(b) including shall be construed as “including without limitation” (and cognate expressions shall be construed similarly);

(c) a person includes any