Company: JUPGF
Filing Date: 2025-07-25
Form Type: DRS/A
Source: 0001641172-25-021053
Chunk: 138

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-25
Form: DRS/A
Chunk 138
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| (2) | Mr. Andrade was appointed as                                                                                                     
 a member of the Board of Directors in August, 2024. The agreement with Mr. Andrade provides that he is entitled to receive       
 quarterly compensation of R$15,000 (approximately $2,630) and shares of the Company’s common stock representing 0.05% of the     
 Company’s then issued common stock.                                                                                              |

We do not set aside or accrue
any amounts to provide pension, retirement or similar benefits to the directors and officers set forth above.

Employment Agreements

Amended and Restated Employment Agreement with Marc Fogassa

On June 26, 2024, we amended
our employment agreement with Marc Fogassa for the Chief Executive Officer position, effective on July 1, 2024. Per agreement, Mr. Fogassa
is entitled to receive monthly compensation of $25,000 to be paid in cash or in shares of our common stock and an annual incentive compensation
equivalent to 4% of our outstanding common stock count as of January 1.

| 111 |

<div align='center'>RELATED PARTY TRANSACTIONS</div>

During 2024, we formally memorialized an agreement
with Atlas Lithium with respect to an intercompany loan facility between the parties. The loan facility bears annual interest at 6.5%
and is payable in full in five years from its beginning. Currently, the Company owes $659,604 to Atlas Lithium (largest amount
owed during the period was $851,678 on December 31, 2024). Atlas Lithium currently holds 30.6% of the Company’s common stock.

During 2024, we formally entered into a cost
sharing agreement with Atlas Lítio do Brasil (a subsidiary of Atlas Lithium) through which the Company borrows resources mainly
for Geology-related work. As of December 31, 2024 the Company owes $21,264 to Atlas Lítio do Brasil Ltda arising from the cost
sharing agreement.

As of December 31, 2023, we had $674,461 of
amounts payable to Mineração Apollo Ltd, an entity wholly owned by Apollo Resources, an affiliate. The loan bore no
interest and was fully repaid in 2024.

On October 31, 2024, we
entered into an agreement with Atlas Lítio do Brasil Ltda (a subsidiary of Atlas Lithium) to put