Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 321

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 10
Chunk 321
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 by the Company of
compensation and benefits (taken as a whole) provided to the applicable executive immediately prior to a Change of Control; (ii) reduction
in base salary or target or maximum bonus, other than as part of an across-the-board reduction in salaries of management personnel; (iii)
the relocation of the applicable executive’s principal executive office to a location more than 50 miles further from their principal
executive office immediately prior to such relocation; or (iv) a material breach by the Company of any of the terms and conditions of
the agreement which the Company fails to correct within 10 days after the Company receives written notice from the applicable executive
of such violation.

A
“Change of Control” will be deemed to have occurred if, after the effective date of the applicable agreement, (i) the beneficial
ownership (as defined in Rule 13d-3 under the Exchange Act) of securities representing more than 50% of the combined voting power of
the Company is acquired by any “person” as defined in sections 13(d) and 14(d) of the Exchange Act (other than the Company,
any subsidiary of the Company, or any trustee or other fiduciary holding securities under an employee benefit plan of the Company), (ii)
the merger or consolidation of the Company with or into another corporation where the shareholders of the Company, immediately prior
to the consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, shares representing in the aggregate 50% or more of the combined voting power
of the securities of the corporation issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation,
if any) in substantially the same proportion as their ownership of the Company immediately prior to such merger or consolidation, or
(iii) the sale or other disposition of all or substantially all of the Company’s assets to an entity, other than a sale or disposition
by the Company of all or substantially all of the Company’s assets to an entity, at least 50% of the combined voting power of the
voting securities of which are owned directly or indirectly by shareholders of the Company, immediately prior to the sale or disposition,
in substantially the same proportion as their ownership of the Company immediately prior to such sale or disposition.

If
the Company terminates any executive’s employment for “Cause”, or the applicable executive terminates their employment
without “