Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 365

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 2
Chunk 365
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 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 rendered to us. We are not prohibited from paying
any fees (including advisory fees), reimbursements or cash payments to our Sponsor, officers or directors, or our or their affiliates,
for services rendered to us prior to or in connection with the completion of our initial Business Combination, including the following
payments, all of which, if made prior to the completion of our initial Business Combination, will be paid from funds held outside the
Trust Account:

●repayment
                                            of up to an aggregate of $300,000 in loans made to us by our sponsor to cover offering-related
                                            and organizational expenses pursuant to the IPO Promissory Note;

●reimbursement
                                            for office space, utilities and secretarial and Administrative Services made available to
                                            us by an affiliate of our Sponsor, in an amount equal to $15,000 per month pursuant to the
                                            Administrative Services Agreement;

●payment
                                            of consulting, success or finder fees to our independent directors, advisors, or their respective
                                            affiliates in connection with the consummation of our initial Business Combination;

●we
                                            may engage our Sponsor or an affiliate of our Sponsor as an advisor or otherwise in connection
                                            with our initial Business Combination and certain other transactions and pay such person
                                            or entity a salary or fee in an amount that constitutes a market standard for comparable
                                            transactions;

●reimbursement
                                            for any out-of-pocket expenses related to identifying, investigating, negotiating and completing
                                            an initial Business Combination; and

●repayment
                                            of Working Capital Loans, which may be made by our Sponsor or an affiliate of our Sponsor
                                            or