Company: JUNS
Filing Date: 2025-10-27
Form Type: 8-K
Source: 0001493152-25-019783
Chunk: 4

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-10-27
Form: 8-K
Item: Item 1.01
Chunk 4
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(x) 0.95 by (y) the lowest daily VWAP during the 10 consecutive trading day-period immediately preceding the date of conversion (the
“ Variable Price”), but which Variable Price shall not be lower than the Floor Price. Any conversion of outstanding amounts
under a Convertible Note made by Yorkville will have the effect of reducing the outstanding amount under such Convertible Note, (i) first
with respect to the amounts then due and payable by the Company under such Convertible Note and (ii) second with respect to the amounts
due and payable by the Company on the next succeeding Installment Date (as defined below), by the outstanding amount of the Convertible
Note so converted by Yorkville into shares of Common Stock.

Beginning
on the 75th calendar day after October 24, 2025, and continuing on the same day of each successive month thereafter, (each, an
“ Installment Date”), the Company shall repay a portion of the outstanding balance of the Pre-Paid Advance, in an amount
equal to the sum of (i) one tenth (1/10th) of the aggregate principal amount of the Convertible Notes (or, if the remaining
aggregate principal amount outstanding under the Convertible Notes is less than such amount, then the entire remaining principal
amount outstanding under the Convertible Notes shall be paid) as of the Installment Date (the “ Installment Principal
Amount”), plus (ii) a “payment premium” equal to 5% of such Principal Installment Amount (the “ Payment
Premium”) (as described below, such Payment Premium will not be added to the amount payable if the Company repays such
amount through an Advance Repayment (defined below)), plus (iii) all accrued and unpaid interest thereon as of each payment date (the sum of (i), (ii) and (iii), the
“ Installment Amount”). With respect to the payment of any Installment Amount by the Company under the Convertible Notes,
the Company may, in its sole discretion, elect to repay each Installment Amount either (i) in cash on or before the Installment
Date, or (ii) by delivering to Yorkville an Advance Notice (each, an “ Advance Repayment”), or a series of Advance
Notices, under the SEPA, each with an Advance Date (defined below) on or before the applicable Installment Date, or any combination
of (i) or (ii) as determined by the Company,