Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 305

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 305
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ings.The plan administrator may, without stockholder approval, reduce the exercise price of any stock option or SAR, cancel any stock option or SAR in exchange for cash, or cancel any stock option or SAR in exchange for options, SARs or other awards with an exercise price per share that is less than the exercise price per share of the stock options or SARs for which such new stock options, SARs or other awards are exchanged. Amendment and Termination.The New Fold Board may amend, suspend, or terminate the Incentive Award Plan at any time; provided that no amendment (other than an amendment that increases the number of shares reserved for issuance under the Incentive Award Plan, is permitted by the applicable award agreement or is made pursuant to applicable tax or securities laws) may materially and adversely affect any outstanding awards under the Incentive Award Plan without the affected participant’s consent. Stockholder approval will be required for any amendment to the Incentive Award Plan to increase the aggregate number of shares of New Fold Common Stock that may be issued under the Incentive Award Plan (other than due to adjustments as a result of share dividends, reclassifications, share splits, consolidations or other similar corporate transactions), to the extent necessary to comply with applicable laws or to increase the limitation on the sum of cash compensation and the aggregate fair value of awards granted to a non -employeedirector during any fiscal year. An ISO may not be granted under the Incentive Award Plan after ten (10) years from the earlier of the date the Emerald Board adopted the Incentive Award Plan or the date on which Emerald’s stockholders approve the Incentive Award Plan. Foreign Participants, Clawback Provisions and Transferability.The plan administrator may modify award terms, establish subplans and/or adjust other terms and conditions of awards, subject to the share limits described above, in order to facilitate grants of awards subject to the laws and/or stock exchange rules of countries outside of the United States. All awards granted under the Incentive Award Plan will be subject to New Fold’s clawback policy adopted in compliance with SEC rules and Nasdaq listing standards, as well as to any other applicable New Fold clawback policy. Awards under the Incentive Award Plan are generally non -transferrable, except by will or the laws of descent and distribution, or, subject to the plan administrator’s consent, pursuant to a domestic relations order, and are generally exercisable only by the participant. 183 Material U.S. Federal Income Tax Consequences The