Company: JUNS
Filing Date: 2025-11-26
Form Type: S-1
Source: 0001493152-25-025204
Chunk: 209

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-11-26
Form: S-1
Chunk 209
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 and $11,308 as of September 30,
2025 and December 31, 2024 and 2023, respectively, and is included in accrued interest on the accompanying balance sheets. On October
1, 2025, the Company repaid in full the unsecured, on demand working capital loan from its CEO, which accrued interest at 3% per annum.
The repayment consisted of the outstanding principal balance of $146,432 and accrued but unpaid interest of $4,350, for an aggregate
payment of $150,782. Following the repayment, no amounts remained outstanding under the loan. See Note 9 - Subsequent Events - Notes payable, related party for repayment of notes.

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,
the Holder of the Note II and the CEO entered into an amendment in which the CEO agrees to exchange 685,869 shares issued to the Holder
in exchange for his related party notes that accrued interest at 3% that are due from the Company in an aggregate principal amount of
$266,667 and the Holder agreed to forfeit all rights to all additional future shares from the Company that would of become due upon a
qualified offering and the conversion feature of the note. In addition, the Holder agreed to extend the note maturity date to August
11, 2024. The note shall be designated as a 10% OID secured note (“Senior Secured Note”) moving forward. The note and interest
will become due and payable upon the earliest of the maturity date or upon the occurrence of a qualified event.

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Other Related Party Transactions

Accrued compensation includes partially accrued
salaries to executives since inception. Since inception, executive salaries have been paid in cash when the Company