Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 117

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 117
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 us against our obligations to indemnify our officers
and directors.

Our
officers and directors have agreed to waive any right, title, interest or claim of any kind in or to any monies in the Trust Account,
and have agreed to waive any right, title, interest or claim of any kind they may have in the future as a result of, or arising out of,
any services provided to us and will not seek recourse against the Trust Account for any reason whatsoever (except to the extent they
are entitled to funds from the Trust Account due to their ownership of Public Shares). Accordingly, any indemnification provided will
only be able to be satisfied by us if (i) we have sufficient funds outside of the Trust Account or (ii) we consummate an initial business
combination.

We
believe that these provisions, the insurance and the indemnity agreements are necessary to attract and retain talented and experienced
officers and directors.

Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us
pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy
as expressed in the Securities Act and is therefore unenforceable.

83

ITEM
11. EXECUTIVE COMPENSATION

Executive
Compensation

None
of our officers or directors have received or, prior to our initial business combination, will receive any cash compensation for services
rendered to us. Commencing on the date that our securities are first listed on the Nasdaq through the earlier of consummation of our
initial business combination and our liquidation, we will reimburse our Sponsor for office space, utilities and secretarial and administrative
services provided to us in the amount of $10,000 per month. In addition, our Sponsor, officers and directors, or any of their respective
affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying
potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly
basis all payments that were made to our Sponsor, officers, directors or our or any of their affiliates.

After
the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting,
management or other compensation from the combined company. Additionally, certain directors may receive additional compensation in the
form of equity interests of the Sponsor for their services. All compensation