Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 218

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9C
Chunk 218
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 the sole discretion of our Board
of Directors.

NEO
Employment Agreements 

Employment
Agreement with Christer Rosén, dated as of September 1, 2021

Mr.
C. Rosén’s agreement provides that he will serve as the Chief Executive Officer of the Company and provides that he will
be paid an annual base salary of $420,000. Mr. C. Rosén is eligible to receive an annual cash bonus, with the target amount of
the bonus equal to 50% of the base salary in the year to which the bonus relates, and the actual amount of the bonus may be greater or
less than the target amount, and will ultimately be determined by the Board.

Amended
Employment Agreement with Christer Rosén, dated as of December 18, 2023

Mr.
C. Rosén’s employment agreement was amended on December 18, 2023. The amendment reduces Mr. C. Rosén’s annual
base salary from $420,000 to $84,000, effective retrospectively to October 1, 2023, until the time that the Company has raised additional
capital from the sale of its securities in the amount of $1,500,000 (the “Reduction Period”). Upon the expiration of the
Reduction Period, the base salary shall be adjusted to be 105% the original base salary. The remainder of the original agreement shall
remain in full force.

Employment
Agreement with Marshall Hayward, dated as of September 1, 2021

Mr.
Hayward’s agreement provides that he will serve as the Chief Scientific Officer of the Company and that he will be paid an annual
base salary of $336,000. Mr. Hayward is eligible to receive an annual cash bonus, with the target amount of the bonus equal to 30% of
the base salary in the year to which the bonus relates, and the actual amount of the bonus may be greater or less than such target amount,
and will ultimately be determined by the Board.

Amended
Employment Agreement with Marshall Hayward, dated as of December 18, 2023

Mr.
Hayward’s employment agreement was amended on December 18, 2023. The amendment reduces Mr. M. Hayward’s annual base salary
from $336,000 to $67,200, effective retrospectively to October 1, 2023, until the time that the Company has raised additional capital
from the sale of its