Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 47

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 47
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 has owned the
only issued and outstanding share of Series A Preferred Stock.

Amended and Restated
Bylaws

Our Bylaws provide that the
annual meeting of the shareholder shall be on such day within or without the Marshall Islands as the Board of Directors may determine,
for the purpose of electing directors and other business as may be properly brought to such meeting.

A special meeting of the
shareholders can be called at any time by the Board of Directors, the Chairman, the President, or by shareholders owning not less than
25% of all the outstanding shares entitled to vote at such special meeting.

10. C. Material Contracts.

The following descriptions
of the material provisions of the referenced agreements do not purport to be complete and are subject to and qualified in their entirety
by reference to the agreements, which have been filed as exhibits to this report.

On October 31, 2024, we entered into the Merger Agreement with Apollo Resources Corporation, pursuant to which Apollo Resources Corporation merged with
and into us, with us being the surviving entity of the Merger. The Merger was consummated on November 19, 2024.

On December18,
2024, we entered into the Option Agreement with Atlas Lithium, pursuant to which we acquired an option to acquire
100% of the equity interests of Brazil Minerals Resources Corporation, a wholly-owned subsidiary of Atlas Lithium Corporation.

For additional information
regarding the Registration Rights Agreement, the Option Agreement and the Merger Agreement, please see “Item 7. B Major Shareholders
and Related Party Transactions - Related Party Transactions.”

10. D. Exchange
Controls

Foreign
direct investment in Brazil is governed by Law number 14.286 of December 29, 2021 (the “ New Foreign Exchange Law

Foreign
investments, whether in the form of portfolio investments or direct investments in the capital market by individuals or entities, are
subject to rigorous registration requirements. Portfolio investments, now regulated by Brazil Monetary Council (“ CMN

Non-resident
investors are obligated to report their status to the Brazilian Central Bank, appoint a tax representative, and engage a representative
in Brazil for service of process in suits under Brazilian Corporate Law. Additionally, investments exceeding US$ 100,000.00 require prompt
reporting to the Brazilian Central Bank through the Foreign Capital Information Reporting System - Foreign Direct Investment within
30 days of funds flowing into Brazil.

The
reporting obligations extend to various aspects, including the remittance of profits abroad