Company: CUB
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109274
Chunk: 24

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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4, the Company incurred $42,500 and $50,000 in fees for these services, respectively.

Letter Agreement

The Sponsor, officers and
directors have entered into the Letter Agreement, pursuant to which they have agreed to (i) waive their redemption rights with respect
to their Founder Shares and Public Shares in connection with the completion of the initial Business Combination; (ii) waive their
redemption rights with respect to their Founder Shares and Public Shares in connection with a shareholder vote to approve an amendment
to the Amended and Restated Articles to modify (x) to the substance or timing of the Company’s obligation to allow redemption
in connection with the initial Business Combination or to redeem 100% of the Public Shares if the Company has not consummated an initial
Business Combination within the Combination Period or (y) any other material provisions relating to shareholders’ rights or pre-initial
Business Combination activity; (iii) waive their rights to liquidating distributions from the Trust Account with respect to their
Founder Shares if the Company fails to complete the initial Business Combination within the Combination Period, although they will be
entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if the Company fails to complete
the initial Business Combination within the Combination Period and to liquidating distributions from assets outside the Trust Account;
and (iv) vote any Founder Shares held by them and any Public Shares purchased during or after the Initial Public Offering (including
in open market and privately-negotiated transactions) in favor of the initial Business Combination (except that any Public Shares such
parties may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act would not be voted in favor of approving
the Business Combination transaction).

Working Capital Loans

In order to finance transaction
costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers
and directors may, but are not obligated to, loan the Company Working Capital Loans as may be required. If the Company completes a Business
Combination, the Company would repay the Working Capital Loans. In the event that a Business Combination does not close, the Company may
use a portion of the working capital held outside the Trust Account to repay the Working Capital Loans, but no proceeds from the Trust
Account would be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans may be convertible into warrants
of