Company: JUNS
Filing Date: 2025-11-26
Form Type: S-1
Source: 0001493152-25-025204
Chunk: 191

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-11-26
Form: S-1
Chunk 191
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 provisions
are unenforceable, the court may substitute an enforceable restriction in place of any restriction deemed unenforceable.

Each of the agreements is governed by Florida
law, and contains customary representations and warranties and other miscellaneous provisions.

Titan Consulting Agreement

On December 31, 2022, the Company entered into
an MSA with Titan, which is wholly-owned by Mr. Elmasri and his wife, pursuant to which Titan will provide certain services to the Company.
The MSA provides that the specific services (the “Services”) will be described in separate Scopes of Work (“SOW”)
which will constitute a part of the MSA. The term of the MSA continues until 30 days after either party notifies the others that it desires
to terminate the MSA.

| 109 |

The Services, which commenced on January 1, 2023,
are to be provided by Saleem Elmasri, and include Mr. Elmasri serving as the Chief Financial Officer of the Company, and having the following
responsibilities: (i) overall financial strategy implementation and execution; (ii) overseeing forecasts and budgeting; (iii) overseeing
the Company’s finance/accounting department; (iv) financial reporting; and (v) overseeing tax compliance. Separately, Mr. Elmasri
has also been named as the Secretary of the Company.

The MSA agreement provides that the Company shall
pay Titan a monthly fee in the amount of $25,000 (annual fee in aggregate of $300,000 per year) and that Mr. Elmasri will be issued an
option to acquire 562,500 shares of common stock, pursuant to a separate option agreement. 25% of the options are vested upon issuance,
with the balance to vest in equal quarterly installments over the following 24 months, and the option has a 10-year term. The exercise
price per share for the shares of common stock is $1.33. The options will accelerate and vest immediately upon a merger, acquisition or
other transaction that will be deemed a change of control of the Company. Titan and Mr. Elmasri will be eligible to participate in additional
incentive equity or cash compensation alongside the Company’s other executives, at 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