Company: JUPGF
Filing Date: 2025-07-01
Form Type: DRS/A
Source: 0001641172-25-017223
Chunk: 202

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-07-01
Form: DRS/A
Chunk 202
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 or on behalf of the director or officer to repay such amount if it is ultimately
determined that they are not entitled to indemnification. The Bylaws further provide that with respect to other employees, such expenses
may be paid on the terms and conditions, if any, as the Board may deem appropriate.

Both Section 60 of the BCA and the registrant’s
Bylaws further provide that the foregoing indemnification and advancement of expenses are not exclusive of any other rights to which those
seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement, vote of shareholder or disinterested directors
or otherwise, both as to action in their official capacity and/or as to action in another capacity while holding office.

| II-1 |

Under both Section 60 of the BCA and the registrant’s
Bylaws, the registrant also has the power to purchase and maintain insurance on behalf of any person who is or was a director or officer
of the corporation or is or was serving at the request of the corporation as a director or officer of another corporation, partnership,
joint venture, trust or other enterprise against any liability asserted against them and incurred by them in such capacity, or arising
out of their status as such, regardless of whether the corporation would have the power to indemnify them against such liability under
the foregoing.

Under Section 60 of the BCA (and as provided
in the registrant’s Bylaws), the indemnification and advancement of expenses provided by, or granted under the foregoing continue
with regard to a person who has ceased to be a director, officer, employee or agent and inure to the benefit of their heirs, executors
and administrators unless otherwise provided when authorized or ratified. Additionally, the registrant’s By-Laws provide that no
director or officer of the corporation will be personally liable to the corporation or any stockholder of the corporation for monetary
damages for breach of fiduciary duty as a director or officer, provided that a director or officer’s liability will not be limited
for any breach of the director’s or the officer’s duty of loyalty to the corporation or its stockholder, for acts or omissions
not in good faith or which involve intentional misconduct or a knowing violation of law or for any transaction from which the director
or officer derived an improper personal benefit.

Such limitation of liability and indemnification does
not affect the availability of equitable remedies. In addition, the registrant has been advised that in the opinion of the SEC,