Company: CUB
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074966
Chunk: 10

Company: Lionheart Holdings
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 in the Trust Account (less taxes payable, if any, and less up to $100,000 of interest
to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will constitute full and complete
payment for the Public Shares and completely extinguish Public Shareholders’ rights as shareholders (including the right to receive
further liquidation or other distributions, if any), subject to the Company’s obligations under Cayman Islands law to provide for
claims of creditors and subject to the other requirements of applicable law.

6

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 Class B ordinary shares of the Company, par value
$0.0001 per share (the “Class B Ordinary Shares”, and together with the Class A Ordinary Shares, the “Ordinary Shares”),
initially purchased by the Sponsor in a private placement prior to the Initial Public Offering (“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;
(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