Company: FLDDW
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001213900-25-014354
Chunk: 3

Company: Fold Holdings, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 2.01
Chunk 3
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 such Lock-Up Party (including, without limitation, any
securities issued pursuant to the Business Combination Registration Statement, any Common Stock and/or any Common Stock Equivalents) (the
“ Securities”), or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within
the meaning of Section 16 of the Securities and Exchange Act of 1934, as amended and the rules and regulations of the Securities and Exchange
Commission promulgated thereunder with respect to any Securities owned directly by the undersigned (including holding as a custodian)
or with respect to which the undersigned has beneficial ownership within the rules and regulations of the Securities and Exchange Commission
(respectively, each “ Lock-Up Party’s Securities”), or (ii) enter into any swap or other arrangement that transfers to
another, in whole or in part, any of the economic consequences of ownership of any such Lock-Up Party’s Securities, whether any
such transaction described in clause (i) or (ii) above is to be settled by delivery of any Securities, in cash or otherwise, (iii) make
any demand for or exercise any right or cause to be filed a registration statement, including any amendments thereto, with respect to
the registration of any Securities (other than the Business Combination Registration Statement or as permitted pursuant to the A& R
Registration Rights Agreement) or (iv) publicly disclose the intention to do any of the foregoing.

The Lock-Up Period under the Lock-Up Agreements shall terminate on
August 14, 2025.

The foregoing descriptions of the December 2024 Securities Purchase
Agreement and Lock-Up Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the
December 2024 Securities Purchase Agreement and the Form of Lock-Up Agreement, respectively, which are filed as Exhibits 10.8 and 10.11,
respectively, to this Report and are incorporated herein by reference.

The Form of Investor Notes and Form of Investor Warrants entered into
pursuant to the December 2024 Securities Purchase Agreement are included in the Proxy Statement/Prospectus as Annex I and Annex J thereto,
respectively, and are incorporated herein by reference.

Amendment to Sponsor Share Restriction Agreement

On February 14, 2025, the Company and the Sponsors entered
into an amendment to the Sponsor Share Restriction Agreement (the “ Amendment to the Sponsor Share Restriction Agreement”)
to release 450,000 restricted