Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 1812

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 1812
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 (a) that Director does not possess material business, close personal relationships or other affiliations, or
any history of any such material business, close personal relationships or other affiliations, with the Company’s significant equity
or debt holders or any of their respective corporate affiliates that would cause that Director to be unable to (i) exercise independent
judgment based on the best interests of the Company or (ii) make decisions and carry out that Director’s responsibilities as a
director of the Company, in each case in accordance with the terms of the Company’s governing documents and applicable law, and
(b) that they have no existing relationship or affiliation of any kind with any entity that the applicable Director knows to be a competitor
of the Company.

Each
of the agreements continues until the earliest of (a) such time as the Director resigns or is removed in accordance with the Company’s
governing documents, and (b) the death of the Director.

The
Directors are compensated as follows under their respective agreements:

Each
of the Directors will be paid $30,000 annually for their service as directors, to be paid $7,500 each calendar quarter, with the amount
for any partial calendar quarter being appropriately prorated. In addition, the Company agreed that, on October 1, 2021, the Company
will issue to each Director an option to acquire up to 67,500 shares of the common stock at an exercise price of $1.33 per share, which
options will vest ratably over 36 months subject to the applicable Director continuing to serve as a director of the Company during such
period. The option grants were made pursuant to an Option Award Agreement as attached to each of their respective agreements.

In
addition, the applicable agreements provide that the Directors will be compensated as follows in connection with their service on Committees
of the Board.

    ●
    Ms.
    Brady: For as long as Ms. Brady serves as a member of the Compensation Committee, Ms. Brady will be paid $5,000 annually to be paid
    $1,250 each calendar quarter, with the amount for any partial calendar quarter being appropriately prorated.

    ●
    For
    as long as Ms. Brady serves as a member of the Audit Committee, Ms. Brady will be paid $5,000 annually to be paid $1,250 each calendar
    quarter, with the amount for any partial calendar quarter being appropriately prorated.

    ●