Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 1050

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 9B
Chunk 1050
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 the third class of directors, which
consists of Mr. Sternberg, will expire at the third annual general meeting.

Our
officers are appointed by the Board of Directors and serve at the discretion of the Board of Directors, rather than for specific terms
of office. Our Board of Directors is authorized to appoint officers as it deems appropriate pursuant to our amended and restated memorandum
and articles of association.

Committees
of the Board of Directors

Our Board of Directors has established and maintained two standing
committees: the Audit Committee and a compensation committee (the “Compensation Committee”). Subject to phase-in rules, the
Nasdaq Rules and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent
directors. Each committee of our Board operates under a charter that has been approved by our Board and has the composition and responsibilities
described below.

Audit
Committee

Our Board of Directors has established and maintained the Audit Committee.
Messrs. Hawkins and Meltzer and Ms. Cohen serve as the members of our Audit Committee. Under the Nasdaq Rules and applicable SEC rules,
we are required to have three members of the Audit Committee, all of whom must be independent. Messrs. Hawkins and Meltzer and Ms. Cohen
are each independent.

Mr. Hawkins
serves as the chairman of the Audit Committee. Each member of the Audit Committee is financially literate and our Board of Directors
has determined that Mr. Hawkins qualifies as an “audit committee financial expert” as defined in applicable SEC rules.

We
have adopted a charter of the Audit Committee, which details the principal functions of the Audit Committee, including:

●assisting
                                            with board oversight of (i) the integrity of our financial statements, (ii) our
                                            compliance with legal and regulatory requirements, (iii) our independent registered
                                            public accounting firm’s qualifications and independence, and (iv) the performance
                                            of our internal audit function and independent registered public accounting firm; the appointment,
                                            compensation, retention, replacement, and oversight of the work of the independent auditors
                                            and any other independent registered public accounting firm engaged by us;

●pre-approving all
                                            audit and non-audit services to be provided by the independent registered public accounting
                                            firm or any other registered public accounting firm engaged by us, and establishing pre-approval policies
                                            and