Company: JUPGF
Filing Date: 2025-08-27
Form Type: DRS/A
Source: 0001493152-25-012379
Chunk: 153

Company: ATLAS CRITICAL MINERALS Corp
Filing Date: 2025-08-27
Form: DRS/A
Chunk 153
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 to pay U.S. federal income tax on any gain realized upon the sale,
exchange or other taxable disposition of our common stock unless:

We believe that we are not currently and will not
become a USRPHC for U.S. federal income tax purposes, and the remainder of this discussion so assumes. However, because the determination
of whether we are a USRPHC depends on the fair market value of our U.S. real property relative to the fair market value of our other business
assets, there can be no assurance that we will not become a USRPHC in the future. Even if we become a USRPHC, however, as long as our
common stock is regularly traded on an established securities market, such common stock will be treated as U.S. real property interests
only if the non-U.S. holder actually or constructively hold more than five percent of such regularly traded common stock at any time during
the shorter of the five-year period preceding the non-U.S. holder’s disposition of, or the non-U.S. holder’s holding period
for, our common stock.

If the non-U.S. holder is described in the first bullet
above, it will be required to pay tax on the net gain derived from the sale, exchange or other taxable disposition under regular graduated
U.S. federal income tax rates, and a corporate non-U.S. holder described in the first bullet above also may be subject to the branch profits
tax at a rate of 30%, or such lower rate as may be specified by an applicable income tax treaty. An individual non-U.S. holder described
in the second bullet above will be required to pay a flat 30% tax (or such lower rate specified by an applicable income tax treaty) on
the gain derived from the sale, exchange or other taxable disposition, which gain may be offset by U.S. source capital losses for the
year (provided the non-U.S. holder has timely filed U.S. federal income tax returns with respect to such losses). Non-U.S. holders should
consult their own tax advisors regarding any applicable income tax or other treaties that may provide for different rules.

Federal Estate Tax

Common stock beneficially owned by an individual who
is not a citizen or resident of the United States (as defined for U.S. federal estate tax purposes) at the time of their death will generally
be includable in the decedent’s gross estate for U.S. federal estate tax purposes. Such shares, therefore