Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 1118

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 9C
Chunk 1118
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, sale, and/or other dispositions of our securities by directors, officers and employees, which are reasonably designed
to promote compliance with insider trading laws, rules and regulations, and the applicable Nasdaq Rules (the “Insider Trading Policy”).

The
foregoing description of the Insider Trading Policy does not purport to be complete and is qualified in its entirety by the terms and
conditions of the Insider Trading Policy, a copy of which is attached hereto as Exhibit 19 and is incorporated herein by reference.

Compensation
Recovery and Clawback Policy

Under
the Sarbanes-Oxley Act, in the event of misconduct that results in a financial restatement that would have reduced a previously paid
incentive amount, we can recoup those improper payments from our executive officers. The SEC has also adopted the SEC Clawback Rule that
directs national stock exchanges to require listed companies to implement policies intended to recoup bonuses paid to executives if the
company is found to have misstated its financial results.

On May 24, 2024, our Board of Directors approved the adoption of the
Executive Compensation Clawback Policy (the “Clawback Policy”), in order to comply with the final Clawback rules adopted by
the SEC under the Rule, and the listing standards, as set forth in Nasdaq Listing Rule 5608 (the “Nasdaq Clawback Rules”).

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The
Clawback Policy provides for the mandatory recovery of erroneously awarded incentive-based compensation from our current and former executive
officers as defined in the SEC Clawback Rule (“Covered Officers”) in the event that we are required to prepare an accounting
restatement, in accordance with the Nasdaq Clawback Rules. The recovery of such compensation applies regardless of whether a Covered
Officer engaged in misconduct or otherwise caused or contributed to the requirement of an accounting restatement. Under the Clawback
Policy, our Board of Directors may recoup from the Covered Officers erroneously awarded incentive compensation received within a lookback
period of the three completed fiscal years preceding the date on which we are required to prepare an accounting restatement.

The
foregoing description of the Clawback Policy does not purport to be complete and is qualified in its entirety by the terms and conditions
of the Clawback Policy, a copy of which is attached hereto as Exhibit 97 and is incorporated herein by reference.

Item
11. Executive Compensation.

None
of our executive officers or directors have received any cash compensation for services