Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 1088

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 10
Chunk 1088
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, but are not obligated to, loan us funds as may be required on a non-interest
basis. If we complete an initial business combination, we would repay such loaned amounts. In the event that the initial business combination
does not close, we may use a portion of the working capital held outside the Trust Account to repay such loaned amounts but no proceeds
from our Trust Account would be used for such repayment. Up to $1,500,000 of such loans may be convertible into warrants of the post
business combination entity at a price of  $1.00 per warrant at the option of the lender. Except as set forth above, the terms
of such loans, if any, have not been determined and no written agreements

Policy
for Approval of Related Party Transactions

The
audit committee of our board of directors adopted a policy setting forth the policies and procedures for its review and approval or ratification
of “related party transactions.” A “related party transaction” is any consummated or proposed transaction or
series of transactions: (i) in which the company was or is to be a participant; (ii) the amount of which exceeds (or is reasonably expected
to exceed) the lesser of $120,000 or 1% of the average of the company’s total assets at year-end for the prior two completed fiscal
years in the aggregate over the duration of the transaction (without regard to profit or loss); and (iii) in which a “related party”
had, has or will have a direct or indirect material interest. “Related parties” under this policy include: (i) our directors,
nominees for director or executive officers; (ii) any record or beneficial owner of more than 5% of any Class of our voting securities;
(iii) any immediate family member of any of the foregoing if the foregoing person is a natural person; and (iv) any other person who
maybe a “related person” pursuant to Item 404 of Regulation S-K under the Exchange Act. Pursuant to the policy, the audit
committee will consider (i) the relevant facts and circumstances of each related party transaction, including if the transaction is on
terms comparable to those that could be obtained in arm’s-length dealings with an unrelated third party, (ii) the extent of the
related party’s interest in the transaction, (iii) whether the transaction contravenes our code of ethics or other policies, (iv)
whether the audit committee believes the relationship underlying the transaction