Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 879

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 879
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 Indebtedness, as applicable, equals or exceeds 110% of the Conversion Price and (ii) which Indebtedness does not provide at any time for (x) the payment, prepayment, repayment, repurchase or defeasance, directly or indirectly, of any principal or premium, if any, thereon until at least ninety-one (91) days after the Maturity Date and (y) total interest and fees at a rate in excess of 12% per annum; provided that the aggregate amount of any Permitted Subordinated Indebtedness that includes any equity or equity-linked features or the issuance or transfer of any securities in connection therewith (including, with limitation, any Options or the right to convert, exchange or otherwise satisfy the payment of such Indebtedness with any equity security of the Company or any of its Subsidiaries) shall not exceed $250,000,000. (eee)“ Permitted Treasury Indebtedness ” means convertible Indebtedness secured by Permitted Treasury Collateral (and which the sole recourse of such Indebtedness is to such Permitted Treasury Collateral) incurred by the Company that is made expressly subordinate in right of payment to the Indebtedness evidenced by this Note, as reflected in a written agreement reasonably acceptable to the Holder, (i) with a New Issuance Price of such securities issuable upon conversion, exchange or otherwise of (and/or in connection with) such Indebtedness, as applicable, equals or exceeds the Conversion Price and (ii) which Indebtedness does not provide at any time for (x) the payment, prepayment, repayment, repurchase or defeasance, directly or indirectly, of any principal or premium, if any, thereon until at least ninety-one (91) days after the Maturity Date (except the Company may satisfy such Permitted Treasury Indebtedness in full by the return of Permitted Treasury Collateral with respect thereto to such applicable lender) and (y) total interest and fees at a rate in excess of 12% per annum; provided that the aggregate amount of any Permitted Treasury Indebtedness shall not exceed $250,000,000. (fff)“ Permitted Treasury Collateral ” means, with respect to any Permitted Treasury Indebtedness, such Bitcoin paid for (and securing) such Permitted Treasury Indebtedness. (ggg)“ Person ” means an individual, a limited liability company,