Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 1341

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 1341
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the sole discretion of the Company. Any additional resources used by Titan to provide the Services, subject to prior approval by the
Company, will be billed to the Company at between $150 and $250 per hour, and the Company has also agreed to reimburse Titan for all
reasonable out-of-pocket expenses that Titan incurs in providing the Services.

107

The
MSA includes a customary confidentiality provision for the benefit of the Company, and also includes a non-solicitation provision pursuant
to which each party agrees that during the term of the MSA and for a period of one year thereafter, neither party will, without the prior
written consent of the other, engage in any way, employ, hire, or otherwise do business with any employee or former employee of the other
party.

The
MSA provides that the Company will be solely responsible for the contents of the information it provides to Titan in connection with
the MSA, and the Company makes customary representations and warranties regarding such information. The Company also agreed in the MSA
to indemnify Titan, its principals, employees and representatives, from and against any claims, losses, damages or any other liability
arising from or as a result of (i) Titan performing the Services or any other services requested by the Company, (ii) any claim by the
Company or any third party of any misrepresentation or reliance on any information resulting from the Services; (iii) any claim by the
Company or any third party or governmental agency brought under the federal securities laws or other statutes, state statute, or common
law, or otherwise, or (iv) any claim by the Company or any third party in connection with the sale or issuance of any shares of the Company’s
stock, or other equity or debt of the Company. The maximum liability of Titan that may arise out of the Services is limited to the total
fees paid to Titan for a particular SOW, unless Titan is found to be grossly negligent in its duties or acts with willful misconduct.

The
MSA contains customary miscellaneous provisions, including a no-assignment provision, and an agreement to submit any disputes to mediation,
or thereafter to arbitration if the mediation is not successful.

On
January 31, 2023, Titan agreed to reduce the monthly fee to $20,000 per month until the time that the Company has raised additional capital
from the sale of its securities in the amount of $1,500,000.

On
December 18, 2023,