Company: JUPGF
Filing Date: 2025-11-12
Form Type: F-1/A
Source: 0001493152-25-021911
Chunk: 223

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-11-12
Form: F-1/A
Chunk 223
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, pursuant to the
registrant’s Bylaws and Section 60 of the BCA, expenses (such Bylaws specifically include attorneys’ fees in expenses)
incurred in defending a civil or criminal action, suit or proceeding by an officer or director may be paid in advance of the final disposition
of the action, suit or proceeding upon receipt of an undertaking by or on behalf of the director or officer to repay such amount if it
is ultimately determined that they are not entitled to indemnification. The Bylaws further provide that with respect to other employees,
such expenses may be paid on the terms and conditions, if any, as the Board may deem appropriate.

Both Section 60 of
the BCA and the registrant’s Bylaws further provide that the foregoing indemnification and advancement of expenses are not exclusive
of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement, vote
of shareholder or disinterested directors or otherwise, both as to action in their official capacity and/or as to action in another capacity
while holding office.

| II-1 |

Under both Section 60
of the BCA and the registrant’s Bylaws, the registrant also has the power to purchase and maintain insurance on behalf of any person
who is or was a director or officer of the corporation or is or was serving at the request of the corporation as a director or officer
of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against them and incurred
by them in such capacity, or arising out of their status as such, regardless of whether the corporation would have the power to indemnify
them against such liability under the foregoing.

Under Section 60 of
the BCA (and as provided in the registrant’s Bylaws), the indemnification and advancement of expenses provided by, or granted under
the foregoing continue with regard to a person who has ceased to be a director, officer, employee or agent and inure to the benefit of
their heirs, executors and administrators unless otherwise provided when authorized or ratified. Additionally, the registrant’s
By-Laws provide that no director or officer of the corporation will be personally liable to the corporation or any stockholder of the
corporation for monetary damages for breach of fiduciary duty as a director or officer, provided that a director or officer’s liability
will not be limited for any breach of the director’s or the officer’s duty of loyalty to the corporation or its stockholder