Company: JUNS
Filing Date: 2025-11-26
Form Type: S-1
Source: 0001493152-25-025204
Chunk: 258

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-11-26
Form: S-1
Chunk 258
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 and 2023, respectively.

The fair value of the derivative liability of Notes I, Note II and Note III was estimated using the Monte Carlo Valuation model at issuance and each reporting period with the following assumptions:

Schedule of Fair Value Derivative Liability

|                                         |     | NOTE III |              March 
 1, 2023 (Issuance) |   |     | NOTES I, II & III | December 
 31, 2023 |   |     | NOTES I, II & III | December 
 31, 2024 |   |
|:----------------------------------------|:----|:---------|-------------------:|:--|:----|:------------------|---------:|:--|:----|:------------------|---------:|:--|
| Dividend Rate                           |     |          |                  - |   |     |                   |        - |   |     |                   |        - |   |
| Term                                    |     |          |               0.25 |   |     |                   |     0.25 |   |     |                   |     0.13 |   |
| Volatility                              |     |          |                 90 | % |     |                   |       90 | % |     |                   |       90 | % |
| Risk-free rate                          |     |          |                N/A |   |     |                   |     4.70 | % |     |                   |     5.00 | % |
| Probability of IPO                      |     |          |                 60 | % |     |                   |       60 | % |     |                   |       60 | % |
| Derivative liability, measurement input |     |          |                 60 | % |     |                   |       60 | % |     |                   |       60 | % |

| F-16 |

JUPITER NEUROSCIENCES, INC.

NOTES TO FINANCIAL STATEMENTS

December 31, 2024 and 2023

Note 5 – Convertible Debt and Derivative Liability, continued

Derivative Liability Pursuant to Convertible Debt, continued

A summary of activity of the derivative liability pertaining to the Notes is presented below:

Schedule of Derivative Liability

|                                                                |     | Derivative Liability |            |   |
|:---------------------------------------------------------------|:----|:---------------------|-----------:|:--|
| Balance at December 31, 2022                                   |     |