Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 782

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 782
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 This SPONSOR SHARE RESTRICTION AGREEMENT (this “ Agreement ”) is dated as of July 24, 2024, by and among FTAC Emerald Acquisition Corp., a Delaware corporation (“ Parent ”), Emerald ESG Sponsor, LLC , a Delaware limited liability company (“ EMLD Sponsor ”), and Emerald ESG Advisors, LLC, a Delaware limited liability company (“ Advisors ” and together with EMLD Sponsor, the “ Sponsors ”). Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Merger Agreement (as defined below). RECITALS WHEREAS, as of the date hereof, the Sponsors collectively are the holders of record and the “beneficial owners” (within the meaning of Rule 13d-3 under the Exchange Act) of (i) 976,081 shares of Parent Class A Common Stock (the “ Sponsor Co-Invest Shares ”), (ii) private placement warrants to purchase 488,041 shares of Parent Class A Common Stock (the “ Sponsor Warrants ”) and (iii) 8,615,141 shares of Parent Class A Common Stock received upon conversion of its previously held shares of Parent Class B Common Stock (the “ Sponsor Promote Shares ” and, together with the Sponsor Co-Invest Shares, the “ Sponsor Shares ”) in the aggregate; WHEREAS, contemporaneously with the execution and delivery of this Agreement, Parent, EMLD Merger Sub Inc., a Delaware corporation and a wholly-owned Subsidiary of Parent (“ Merger Sub ”), and Fold, Inc., a Delaware corporation (the “ Company ”), have entered into an Agreement and Plan of Merger (as amended or modified from time to time, the “ Merger Agreement ”), dated as of the date hereof, pursuant to which, among other things, Merger Sub shall merge with and into the Company, with the Company surviving as a wholly-owned subsidiary of Parent on the terms and subject to the conditions set forth therein (collectively, the “ Transactions ”); WHEREAS, in connection with the Transactions, immediately prior to and contingent upon the Closing, all of the Sponsor Warrants will be cancelled as further specified in this Agreement; and WHEREAS, as an inducement to the Company to enter into the Merger Agreement and to consummate the Transactions, the parties hereto desire to agree to certain matters as set forth herein. AGREEMENT NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained