Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 134

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 134
---
2)    |     |                | 5,301 |     | $      |     | $      | 3,820 |     | $     | 9,121 |

| (1) | Mr. Cuculicchio was                                                                                                              
 appointed as a member of the Board of Directors in August, 2024. The agreement with Mr. Cuculicchio provides that he is entitled 
 to receive quarterly compensation of R$15,000 (approximately $2,630) and shares of the Company’s common stock representing       
 0.05% of the Company’s then issued common stock.                                                                                 |
| (2) | Mr. Andrade was appointed as                                                                                                     
 a member of the Board of Directors in August, 2024. The agreement with Mr. Andrade provides that he is entitled to receive       
 quarterly compensation of R$15,000 (approximately $2,630) and shares of the Company’s common stock representing 0.05% of the     
 Company’s then issued common stock.                                                                                              |

We do not set aside or accrue
any amounts to provide pension, retirement or similar benefits to the directors and officers set forth above.

Employment Agreements

Amended and Restated 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.

| 111 |

<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