Company: JUPGF
Filing Date: 2025-10-08
Form Type: F-1/A
Source: 0001493152-25-017439
Chunk: 220

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-10-08
Form: F-1/A
Chunk 220
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 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, indemnification for liabilities arising under the Securities Act is against public policy as expressed in the Securities
Act and is therefore unenforceable. The registrant has obtained directors’ and officers’ liability insurance against any
liability asserted against such person incurred in the capacity of director or officer or arising out of such status, whether or not
the registrant would have the power to indemnify such person.

Item 7. Recent Sales of Unregistered Securities.

In the three years preceding