XCBE · X3 Acquisition Corp. Ltd.

Reflects the 5,000,000 warrants owned by X3 Acquisition Management LLC, the Issuer's sponsor (the "Sponsor"). Each warrant entitles the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The warrants were purchased pursuant to a Private Placement Warrants Purchase Agreement, dated January 20, 2026, by and between the Sponsor and the Issuer, at $1.00 per warrant for an aggregate purchase price of $5,000,000. Andrew Redleaf is the authorized person of X Cubed Capital Management LLC, the managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. Mr. Redleaf disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

The warrants will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.

Reflects the 5,000,000 warrants owned by X3 Acquisition Management LLC, the Issuer's sponsor. Each warrant entitles the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The warrants were purchased pursuant to a Private Placement Warrants Purchase Agreement, dated January 20, 2026, by and between the Issuer's sponsor and the Issuer, at $1.00 per warrant for an aggregate purchase price of $5,000,000.

The warrants will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.