Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 1184

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 10
Chunk 1184
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 that may be paid by the combined company to our directors or
members of Management. It is unlikely the amount of such compensation will be known at the time of the proposed initial Business Combination,
because the directors of the post-combination business will be responsible for determining executive officer and director compensation.

Any
compensation to be paid to our executive officers will be determined, or recommended to the Board of Directors for determination, either
by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our Board of
Directors.

We
do not intend to take any action to ensure that members of our Management Team maintain their positions with us after the consummation
of our initial Business Combination, although it is possible that some or all of our officers and directors may negotiate employment
or consulting arrangements to remain with us after our initial Business Combination. The existence or terms of any such employment or
consulting arrangements to retain their positions with us may influence our Management’s motivation in identifying or selecting
a target business, but we do not believe that the ability of our Management to remain with us after the consummation of our initial Business
Combination will be a determining factor in our decision to proceed with any potential Business Combination. We are not party to any
agreements with our officers and directors that provide for benefits upon termination of employment.

33

Item
12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

The following table sets forth information regarding the beneficial
ownership of our Ordinary Shares as of March 21, 2025 based on information obtained from the persons named below, with respect to the
beneficial ownership of Ordinary Shares, by:

●each
                                            person known by us to be the beneficial owner of more than 5% of our outstanding Ordinary
                                            Shares;

    ●
    each
    of our executive officers and directors that beneficially owns our Ordinary Shares; and

    ●
    all
    our executive officers and directors as a group.

In the table below, percentage ownership is based on 30,666,667 Ordinary
Shares, consisting of (i) 23,000,000 Class A Ordinary Shares and (ii) 7,666,667 Class B Ordinary Shares, issued and outstanding as of
March 21, 2025. On all matters to be voted upon, except for (x) the election of directors of the Board and (y) continuing our Company
in a jurisdiction outside the Cayman Islands, holders