Company: JUPGF
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001493152-25-013292
Chunk: 138

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-09-15
Form: F-1
Chunk 138
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 Employment Agreement with Marc Fogassa

On
June 26, 2024, we amended our employment agreement with Marc Fogassa for the Chief Executive Officer position, effective on July 1, 2024.
Per agreement, Mr. Fogassa is entitled to receive monthly compensation of $25,000 to be paid in cash or in shares of our common stock
and an annual incentive compensation equivalent to 4% of our outstanding common stock count as of January 1.

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<div align='center'>RELATED
PARTY TRANSACTIONS</div>

During 2024, we formally
memorialized an agreement with Atlas Lithium with respect to an intercompany loan facility between the parties. The loan facility bears
annual interest at 6.5% and is payable in full in five years from its beginning. Currently, the Company owes $754,949 to Atlas Lithium
(largest amount owed during the period was $851,678 on December 31, 2024). Atlas Lithium currently holds 28.37% of the Company’s
common stock.

During 2024, we formally
entered into a cost sharing agreement with Atlas Lítio do Brasil (a subsidiary of Atlas Lithium) through which the Company borrows
resources mainly for Geology-related work. As of December 31, 2024 the Company owes $21,264 to Atlas Lítio do Brasil Ltda arising
from the cost sharing agreement.

As of December 31, 2023,
we had $674,461 of amounts payable to Mineração Apollo Ltd, an entity wholly owned by Apollo Resources, an affiliate. The
loan bore no interest and was fully repaid in 2024.

On
October 31, 2024, we entered into an agreement with Atlas Lítio do Brasil Ltda (a subsidiary of Atlas Lithium) to put in place
a cost sharing agreement between the parties. The agreement was constructed to rationalize the use of resources from the Geology department
between the parties. All shared costs are accrued for on a monthly basis and paid quarterly. Currently, we owe $22,492 to Atlas Lítio
do Brasil Ltda.

On July 27, 2016, we entered into a Registration Rights Agreement with Atlas Lithium (f/k/a Brazil Minerals, Inc.) (the “Registration Rights Agreement”). The Registration Rights Agreement provides that whenever we propose to register any of our securities under the Securities Act of 1933, as amended