Company: FLDDW
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001213900-25-014354
Chunk: 7

Company: Fold Holdings, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 5.02
Chunk 7
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Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.

The information set forth above in the sections titled “ Directors
and Officers,” “ Executive Compensation,” “ Director Compensation,” “ Certain Relationships and Related
Transactions” and “ Indemnification of Directors and Executive Officers” in Item 2.01 to this Report is incorporated
herein by reference.

2025 Incentive Award Plan

At the Special Meeting, the stockholders of Emerald considered
and approved the 2025 Plan. The 2025 Plan was previously approved, subject to stockholder approval, by the board of directors of
Emerald. The 2025 Plan became effective immediately upon the Closing. An aggregate number of shares equal to the sum of (i) 10% of
the fully-diluted shares of New Fold Common Stock as of the Closing (ii) the number of shares that remained available for issuance under Legacy Fold’s 2019 Equity Incentive Plan (as amended, the “2019
Plan”) as of the Closing and (iii) the number of shares that were subject to awards under the 2019 Plan as of the Closing and which,
following the Closing, became available for grant under the 2025 Plan, were initially reserved under the 2025 Plan.

A summary of the material terms of the 2025 Plan is included in the
Proxy Statement/Prospectus in the section entitled “ Proposal No. 5 - The Equity Incentive Plan Proposal” beginning on
page 181 thereof, which is incorporated herein by reference. Such summary and

The foregoing descriptions are qualified in their entirety by the full
text of the 2025 Plan, a copy of which is attached hereto as Exhibit 10.4, and incorporated herein by reference.

2025 Employee Stock Purchase Plan

At the Special Meeting, the stockholders of Emerald considered and
approved the ESPP. The ESPP was previously approved, subject to stockholder approval, by the board of directors of Emerald. The ESPP became
effective immediately upon the Closing. A total of 922,778 shares of Common Stock were initially reserved under the ESPP.

A summary of the material terms of the ESPP is included in the Proxy
Statement/Prospectus in the section entitled “ Proposal No. 6 - The Employee Stock Purchase Plan Proposal” beginning on
page 186 thereof, which is incorporated herein