Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 960

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 9
Chunk 960
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 never occur on a less than one-for-one basis.

F-15

LIONHEART
HOLDINGS

NOTES
TO FINANCIAL STATEMENT

DECEMBER
31, 2024

Holders
of record of the Class A Ordinary Shares and Class B Ordinary Shares are entitled to one vote for each share held on all matters
to be voted on by shareholders. Unless specified in the Amended and Restated Charter or as required by the Companies Act or stock exchange
rules, an ordinary resolution under Cayman Islands law and the Amended and Restated Charter, which requires the affirmative vote of at
least a majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by
proxy at the applicable general meeting of the Company is generally required to approve any matter voted on by the Company’s shareholders.
Approval of certain actions requires a special resolution under Cayman Islands law, which (except as specified below) requires the affirmative
vote of at least two-thirds of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are
allowed, by proxy at the applicable general meeting, and pursuant to the Amended and Restated Charter, such actions include amending
the Amended and Restated Charter and approving a statutory merger or consolidation with another company. There is no cumulative voting
with respect to the appointment of directors, meaning, following our initial Business Combination, the holders of more than 50% of the
ordinary shares voted for the appointment of directors can elect all of the directors. Prior to the consummation of the initial Business
Combination, only holders of the Class B Ordinary Shares (i) have the right to vote on the appointment and removal of directors
and (ii) are entitled to vote on continuing the Company in a jurisdiction outside the Cayman Islands (including any special resolution
required to amend the 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 the Class A Ordinary Shares are not entitled
to vote on these matters during such time. These provisions of the Amended and Restated Charter may only be amended if approved by a
special resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of the consummation
of the initial Business