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

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 25
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 do business execute agreements
with us waiving any right, title, interest or claim of any kind in or to any monies held in the Trust Account for the benefit of our
Public Shareholders, there is no guarantee that they will execute such agreements or even if they execute such agreements that they would
be prevented from bringing claims against the Trust Account, including, but not limited to, fraudulent inducement, breach of fiduciary
responsibility or other similar claims, as well as claims challenging the enforceability of the waiver, in each case in order to gain
an advantage with respect to a claim against our assets, including the funds held in the Trust Account. If any third party refuses to
execute an agreement waiving such claims to the monies held in the Trust Account, our Management will consider whether competitive alternatives
are reasonably available to us and will only enter into an agreement with such third party if Management believes that such third party’s
engagement would be in the best interests of our Company under the circumstances. Examples of possible instances where we may engage
a third party that refuses to execute a waiver include the engagement of a third-party consultant whose particular expertise or skills
are believed by Management to be significantly superior to those of other consultants that would agree to execute a waiver or in cases
where Management is unable to find a service provider willing to execute a waiver. Withum, our independent registered public accounting
firm, and the underwriters of the Initial Public Offering have not and will not execute agreements with us waiving such claims to the
monies held in the Trust Account. In addition, there is no guarantee that such entities will agree to waive any claims they may have
in the future as a result of, or arising out of, any negotiations, contracts or agreements with us and will not seek recourse against
the Trust Account for any reason.

13

In
order to protect the amounts held in the Trust Account, our Sponsor has agreed that it will be liable to us if and to the extent any
claims by a third party for services rendered or products sold to us (except for our independent registered public accounting firm),
or a prospective target business with which we have entered into a written letter of intent, confidentiality or other similar agreement
or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share
and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of