Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 414

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 414
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 of the New Fold Board or compensation committee. Limitation on Liability and Indemnification of Directors and Officers The Proposed Charter, which will be effective upon consummation of the Business Combination, eliminates the liability of New Fold’s officer and directors for monetary damages to the fullest extent permitted by applicable law. The DGCL provides that officers and directors of a corporation will not be personally liable for monetary damages for breach of their fiduciary duties, except for liability: •for any transaction from which the director or officer derives an improper personal benefit; •for any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law; •for any unlawful payment of dividends or redemption of shares by directors; or •for any breach of a director’s or officer’s duty of loyalty to the corporation or its stockholders. If the DGCL is amended to authorize corporate action further eliminating or limiting the personal liability of officers and directors, then the liability of New Fold’s officers and directors will be eliminated or limited to the fullest extent permitted by the DGCL, as so amended. The Proposed Bylaws require New Fold to indemnify and advance expenses, to the fullest extent permitted by applicable law, to its directors, officers and agents. New Fold plans to maintain a directors’ and officers’ insurance policy pursuant to which New Fold’s directors and officers are insured against liability for actions taken in their capacities as directors and officers. Finally, the Proposed Charter prohibits any retroactive changes to the rights or protections or increasing the liability of any officer or director in effect at the time of the alleged occurrence of any act or omission to act giving rise to liability or indemnification. In addition, New Fold will enter into separate indemnification agreements with New Fold’s directors and executive officers. These agreements, among other things, require New Fold to indemnify its directors and executive officers for certain expenses, including attorneys’ fees, judgments, fines and settlement amounts incurred by a director or executive officer in any action or proceeding arising out of their services as one of New Fold’s directors or executive officers or any other company or enterprise to which the person provides services at New Fold’s request. 259 We believe these provisions in the Proposed Charter and the Proposed Bylaws are necessary to attract and retain qualified persons as directors and officers. Code of Business Conduct and Ethics for Employees, Executive Officers and Directors The New Fold Board will adopt a Code of Conduct, applicable to all of New Fold’s employees, executive officers and directors. The Code of Conduct will be available on New Fold’s website