Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 1588

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 1588
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 by the applicable executive to the material detriment of the Company; (iii) the
applicable executive conviction (by a court of competent jurisdiction, not subject to further appeal) of, or pleading guilty to, a felony;
(iv) the applicable executive’s gross negligence in the performance of their duties and responsibilities to the Company as described
in the agreement; or the applicable executive’s material failure to perform their duties and responsibilities to the Company as
described in the agreement (other than any such failure resulting from their incapacity due to physical or mental illness or any such
failure subsequent to the applicable executive delivered a notice of termination without Cause by the Company or delivering a notice
of termination for Good Reason to the Company), in either case after written notice from the Board to the applicable executive of the
specific nature of such material failure and such executive’s failure to cure such material failure within 10 days following receipt
of such notice.

“Good
Reason” is defined as (i) at any time following a Change of Control (as defined below), a material diminution by the Company of
compensation and benefits (taken as a whole) provided to the applicable executive immediately prior to a Change of Control; (ii) reduction
in base salary or target or maximum bonus, other than as part of an across-the-board reduction in salaries of management personnel; (iii)
the relocation of the applicable executive’s principal executive office to a location more than 50 miles further from their principal
executive office immediately prior to such relocation; or (iv) a material breach by the Company of any of the terms and conditions of
the agreement which the Company fails to correct within 10 days after the Company receives written notice from the applicable executive
of such violation.

A
“Change of Control” will be deemed to have occurred if, after the effective date of the applicable agreement, (i) the beneficial
ownership (as defined in Rule 13d-3 under the Exchange Act) of securities representing more than 50% of the combined voting power of
the Company is acquired by any “person” as defined in sections 13(d) and 14(d) of the Exchange Act (other than the Company,
any subsidiary of the Company, or any trustee or other fiduciary holding securities under an employee benefit plan of the Company), (ii)
the merger or consolidation of the Company with or into another corporation where the shareholders of the Company, immediately prior
to the consolidation or merger, would not, immediately after the consolidation or