Company: CUB
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001013762-25-001006
Chunk: 1178

Company: Lionheart Holdings
Filing Date: 2025-03-21
Form: 10-K
Item: Item 10
Chunk 1178
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 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent
directors. Each committee of our Board operates under a charter that has been approved by our Board and has the composition and responsibilities
described below.

Audit
Committee

Our Board of Directors has established and maintained the Audit Committee.
Messrs. Hawkins and Meltzer and Ms. Cohen serve as the members of our Audit Committee. Under the Nasdaq Rules and applicable SEC rules,
we are required to have three members of the Audit Committee, all of whom must be independent. Messrs. Hawkins and Meltzer and Ms. Cohen
are each independent.

Mr. Hawkins
serves as the chairman of the Audit Committee. Each member of the Audit Committee is financially literate and our Board of Directors
has determined that Mr. Hawkins qualifies as an “audit committee financial expert” as defined in applicable SEC rules.

We
have adopted a charter of the Audit Committee, which details the principal functions of the Audit Committee, including:

●assisting
                                            with board oversight of (i) the integrity of our financial statements, (ii) our
                                            compliance with legal and regulatory requirements, (iii) our independent registered
                                            public accounting firm’s qualifications and independence, and (iv) the performance
                                            of our internal audit function and independent registered public accounting firm; the appointment,
                                            compensation, retention, replacement, and oversight of the work of the independent auditors
                                            and any other independent registered public accounting firm engaged by us;

●pre-approving all
                                            audit and non-audit services to be provided by the independent registered public accounting
                                            firm or any other registered public accounting firm engaged by us, and establishing pre-approval policies
                                            and procedures; reviewing and discussing with the independent registered public accounting
                                            firm all relationships the independent registered public accounting firm have with us in
                                            order to evaluate their continued independence;

●setting
clear policies for audit partner rotation in compliance with applicable laws and regulations; obtaining and reviewing a report, at least
annually, from the independent registered public accounting firm describing (i) the independent registered public accounting firm’s
internal quality-control procedures and (ii) any material issues raised by the most recent internal quality-control review,
or peer review, of the independent registered public accounting firm, or by any inquiry or investigation by governmental or professional
authorities, within the