Company: JUNS
Filing Date: 2025-11-06
Form Type: DEF 14A
Source: 0001493152-25-020988
Chunk: 90

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-11-06
Form: DEF 14A
Chunk 90
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 considerations other than the best interests of our Company and stockholders.

The Audit Committee of the Board is charged with responsibility for reviewing, approving and overseeing any transaction between the Company and any related person (as defined in Item 404 of Regulation S-K), including the propriety and ethical implications of any such transactions, as reported or disclosed to the Audit Committee by the independent auditors, employees, officers, members of the Board or otherwise, and to determine whether the terms of the transaction are not less favorable to us than could be obtained from an unaffiliated party

From time to time, we engage in transactions with related parties. The
following is a summary of the related party transactions since January 1, 2023 requiring disclosure pursuant to Item 404 of Regulation
S-K.

Notes Payable, related party

The Company’s Chairman of
the Board and Chief Executive Officer (CEO) has loaned the Company working capital since inception. The balance of the loans to
the CEO as of June 30, 2025, December 31, 2024 and 2023 was $146,432, $146,432 and $358,479, respectively. The loan is due on demand
and accrues interest at 3% per year. Accrued but unpaid interest relating to the loan totaled $3,242, $1,064, and $11,308 as of
June 30, 2025, December 31, 2024 and December 31, 2023, respectively. The Company repaid a total of $100,000 during the year ended
December 31, 2024, $83,880 in principal and $16,120 in accrued interest.

During the year ended December 31, 2023, an employee loaned the Company $25,000. The balance of the loan as of December 31, 2024 and 2023, was $0 and $25,000, respectively. The loan is due on demand and accrues interest at 3% per year. Accrued interest related to the loan was $0 and $723 as of December 31, 2024 and 2023, respectively, and is included in accrued interest on the accompanying balance sheet. The Company repaid a total of $26,422 during the year ended December 31, 2024, $25,000 in principal and $1,421 in accrued interest.

On April 29, 2024, the Company,