Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1008

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9C
Chunk 1008
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 directors be independent. An “independent director” is defined
generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship
which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment
in carrying out the responsibilities of a director. Our board of directors has determined that each of Li Wei, Wen He and Michael L.
Coyne are “independent directors” as defined in the NASDAQ listing standards and applicable SEC rules. Our audit committee
is entirely composed of independent directors meeting NASDAQ’s additional requirements applicable to members of the audit committee.
Our independent directors will have regularly scheduled meetings at which only independent directors are present.

Officer
and Director Compensation

None
of our officers or directors has received any cash compensation for services rendered to us. Other than as described above and elsewhere
in this 10-K, no compensation of any kind, including finder’s and consulting fees, will be paid to our founders or any of their
respective affiliates, for services rendered prior to or in connection with the completion of our initial business combination although
we may consider cash or other compensation to officers or advisors we may hire to be paid either prior to or in connection with our initial
business combination. In addition, our officers, 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 founders or
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
or management fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in
the tender offer materials or proxy solicitation materials furnished to our shareholders in connection with a proposed business combination.
We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of
management. It is unlikely the amount of such compensation will be known at the time of the proposed business combination, because the
directors of the post-combination business will be responsible for determining officer and director compensation. Any compensation to
be paid to our officers will be determined, or recommended to the board of directors for determination, either by a compensation committee
constituted