Company: JUPGF
Filing Date: 2025-08-11
Form Type: DRS/A
Source: 0001641172-25-022982
Chunk: 141

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-11
Form: DRS/A
Chunk 141
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 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.

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<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 in place a cost sharing
agreement between the parties. The agreement was constructed to rationalize the use of resources from the Geology department between
the parties. All shared costs are accrued for on a monthly basis and paid quarterly. Currently, we owe $34,255 to Atlas Lítio
do Brasil Ltda.

On July 27, 2016, we entered into a Registration Rights Agreement with Atlas Lithium (f/k/a Brazil Minerals, Inc.) (the “Registration Rights Agreement”). The Registration Rights Agreement provides that whenever we propose to register any of our securities under the Securities Act of 1933, as amended (the “Securities Act”) and the registration form to be used may be used for the registration and contemplated disposition of Registrable Securities (defined below