Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 506

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 4
Chunk 506
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uisse First Boston. She earned her B.A. in Art History with a concentration in Mathematics from Columbia
University. Ms. Cohen is well-qualified to serve as a director due to her extensive investment and advisory experience.

Family Relationships

No family relationships
exist between any of our directors or executive officers.

Involvement in Certain Legal Proceedings

There are no material proceedings to which any director or executive
officer, or any associate of any such director or officer is a party adverse to our Company, or has a material interest adverse to our
Company.

29

Number
and Terms of Office of Officers and Directors

Our Board of Directors consists of five (5) members, who are divided
into three classes with only one class of directors being appointed in each year, and with each class (except for those directors appointed
prior to our first annual general meeting) serving a three-year term. Prior to the closing of our initial Business Combination, only
holders of our Class B Ordinary Shares are entitled to vote on the appointment and removal of directors or continuing our Company
in a jurisdiction outside the Cayman Islands (including any Special Resolution required to amend our constitutional documents or to adopt
new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside the
Cayman Islands). Holders of our Public Shares are not entitled to vote on such matters during such time. These provisions of our Amended
and Restated Charter relating to these rights of holders of Class B Ordinary Shares may be amended by a Special Resolution.

In
accordance with Nasdaq corporate governance requirements, we are not required to hold an annual general meeting until one year after
our first fiscal year end following our listing on Nasdaq. The term of office of the first class of directors, which consists of Mr. Sheriff
and Ms. Cohen, will expire at our first annual general meeting. The term of office of the second class of directors, which consists of
Messrs. Hawkins and Meltzer, will expire at the second annual general meeting. The term of office of 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 rest