Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 201

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 201
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 Offer Letter for Mr. Reeves Fold is party to an offer letter, as amended, with Mr. Reeves, which sets forth the terms and conditions of employment for Mr. Reeves, including base salary, his initial awards of restricted Fold Common Stock and eligibility to participate in our employee benefit plans. Pursuant to his offer letter, if Mr. Reeves’ employment is terminated by us without “cause” or he resigns for “good reason” (each such term as defined in the offer letter) then, subject to his timely execution and non -revocationof a release of claims in favor of Fold, Mr. Reeves is eligible to receive a cash severance payment equal to 12 months of base salary, payable in a lump sum. Offer Letters for Mr. Repass and Ms. Goncalves Fold is party to offer letters with each of Mr. Repass and Ms. Goncalves, which set forth the terms and conditions of employment for each such executive, including base salary, their initial Fold RSU Awards and eligibility to participate in our employee benefit plans. Such offer letters do not provide for severance. On July11, 2025, the employment of Ms. Goncalves was terminated, following which the Company entered into a severance agreement with Ms. Goncalves on July22, 2025 (the “Severance Agreement”). The Severance Agreement provides for, among other things, (i) a lump severance payment by the Company to Ms. Goncalves in the amount of $36,666.66, (representing two months of Ms. Goncalves’s base salary), less applicable tax withholdings; (ii) payment by the Company of Ms. Goncalves’ COBRA premium for the month of August 2025; (iii) a general release of claims by Ms. Goncalves in favor of the Company and its affiliates; and (iv) certain restrictive covenants applicable to Ms. Goncalves, including nondisclosure and non -disparagementrequirements, as well as an obligation not to solicit employees or other service providers of the Company for a period of 12months. 128 FOLD’S DIRECTOR COMPENSATION Fold has not historically maintained a formal non -employeedirector compensation program, and none of Fold’s non -employeedirectors received compensation from Fold for their service on the board of directors in 2024. In connection with the Business Combination, we approved a compensation program for our non -employeedirectors (