Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 872

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 872
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 such institutions; (xiii)easements, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; (xiv)Liens arising from the filing of any precautionary financing statement on operating leases covering the leased property, to the extent such operating leases are permitted under this Note; (xv)customary Liens of any bank in connection with statutory, common law and contractual rights of setoff and recoupment with respect to any deposit account or securities account of the Company; (xvi)other Liens not otherwise permitted hereunder securing Permitted Subordinated Indebtedness not to exceed Five Million Dollars ($5,000,000) as long as such Liens secure only (and are sole recourse Indebtedness to) specific assets and not Liens with respect to “all assets”; (xvii)Liens on Permitted Treasury Collateral with respect to Permitted Treasury Indebtedness; (xviii)Prior to the Business Combination Closing Date, any Lien on 700 Bitcoin held by the Company in connection with Bitcoin received by the Company in connection with (i) that certain Simple Agreement for Future Equity, dated as of July 19, 2024, by and between the Company and Fulgur Ventures I LP (as amended) and (ii) that certain Simple Agreement for Future Equity, dated as of July 19, 2024, by and between the Company and Fulgur Frontier Capital LP (as amended) and on and after the Business Combination Closing Date, Liens on any Bitcoin (other than the Bitcoin Collateral); (xix)Liens securing Permitted Credit Card Indebtedness; (xx)Liens on assets not otherwise constituting Collateral; and (xxi)Liens incurred in the extension, renewal or refinancing of the Indebtedness secured by Liens described in (i) through (xvii), but any extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness may not increase. Annex I-39 (bbb)“ Permitted Safe Notes ” means one or more promissory notes issued by the Company prior to the Public Company Date pursuant to one or more simple agreement(s) for future equity