Company: ATMCW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004801
Chunk: 206

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 206
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 Public Shares (subject to the requirements of applicable law) and the Private
Placement Units will expire worthless.

Service
Arrangements

On
December 30, 2022, we entered into an administrative services agreement with our Sponsor, pursuant to which the Sponsor agreed to make
available to the Company certain general and administrative services, including office space, utilities and administrative services,
as the Company may require from time to time. The Company has agreed to pay to the affiliate of the Sponsor $10,000 per month for such
administrative services. For the period from September 15, 2021 (inception) through December 31, 2024, the Company incurred and paid
$0 in such fees.

Conflicts
of Interest

Certain
of our officers and directors presently have, and any of them in the future may have additional, fiduciary or contractual obligations
to other entities pursuant to which such officer or director is or will be required to present business combination opportunities to
such entity. Accordingly, in the future, if any of our officers or directors becomes aware of a Business Combination opportunity which
is suitable for an entity to which he or she has then-current fiduciary or contractual obligations, he or she will honor his or her fiduciary
or contractual obligations to present such opportunity to such entity. We do not believe, however, that any fiduciary duties or contractual
obligations of our officers arising in the future would materially undermine our ability to complete our Business Combination.

Promissory
Notes - Related Party

On
September 21, 2021, the Company issued an unsecured promissory note to the Sponsor (the “Promissory Note”), pursuant to which
the Company could borrow up to an aggregate of $300,000 to cover expenses related to the Initial Public Offering. The Promissory Note expired on December 31, 2021. As of December 31, 2024 and 2023, $0 was outstanding.

On
September 26, 2023, the Company also entered into a non-interest bearing promissory note with the Sponsor for $690,000, which was used
to fund the first extension of the time to complete the business combination. On April 12, 2024, the Company amended and restated the promissory note to extend the maturity date to the earlier
of January 4, 2025 or promptly after the date of the consummation of the business combination. As