Company: JUPGF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001493152-25-008689
Chunk: 46

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 46
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 (8) whether the shares of the series will be convertible into shares of any
other class or series, or any other security, of the Corporation or any other corporation, and, if so, the specification of the other
class or series or other security, the conversion price or prices or rate or rates, any rate adjustments, the date or dates as of which
the shares will be convertible and all other terms and conditions upon which the conversion may be made; (9) conditions or restrictions
on the issuance of shares of the same series or of any other class or series of the Preferred Shares; (10) the voting rights, if any,
of the holders of the series; and (11) the rights to elect one or more directors of the Corporation. In case the number of shares of any
series shall be decreased, the shares constituting such decrease shall resume the status of undesignated Preferred Shares.

Series A Preferred Stock

The holder of the single
authorized and outstanding share of our Series A Preferred Stock is entitled to 51% of the total number of votes, voted together with
the holders of our common stock as a single class, in connection with the election of directors and all other matters submitted to a vote
of shareholders. The holder of our Series A Preferred Stock is not entitled to dividends, except that if a dividend is declared on our
common stock, the holder of the Series A Preferred Stock shall participate in such dividend as if such Series A Preferred Stock had been
converted into our common stock.

The holder of the Series
A Preferred Stock is not entitled to any special redemption rights and there is no sinking fund provision with respect to outstanding
shares of our Series A Preferred Stock. In the event of liquidation, the holder of Series A Preferred Stock shall not be entitled to a
liquidation preference over the holders of common stock, but shall share pro rata in any sum owed to the holders of our common in connection
with a liquidation event as if such Series A Preferred Stock had been converted into common stock.

The Series A Preferred Stock
is convertible at any time, upon ten days’ notice to us, into one share of our common stock at the option of the Series
A Preferred Stock holder.

For as long
as there is one share of the Series A Preferred Stock outstanding, the holder of the Series A Preferred Stock shall be entitled to nominate
one director to our Board of Directors. Since 2016, Marc Fogassa, our Founder, Chief Executive Officer, and Chairman