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

Company: Lionheart Holdings
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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man Islands law to provide for
claims of creditors and subject to the other requirements of applicable law.

The Sponsor, officers and
directors have entered into the Letter Agreement, dated June 17, 2024, with the Company (the “Letter Agreement”), pursuant
to which they have agreed to (i) waive their redemption rights with respect to the Founder Shares (as defined in Note 5) 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;
(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 Securities Exchange Act of 1934, as amended (the “Exchange Act”), would not
be voted in favor of approving the Business Combination).

The Sponsor has agreed that
it will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company,
or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar
agreement or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per
Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust
Account, if less than $10.00 per Public Share due to reductions in the value of the Trust Account assets, less taxes payable, if any,
provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any
and all rights to the monies held in the Trust Account (whether or