Company: JUNS
Filing Date: 2025-11-26
Form Type: S-1
Source: 0001493152-25-025204
Chunk: 189

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-11-26
Form: S-1
Chunk 189
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 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.

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If the Company terminates any executive’s
employment for “Cause”, or the applicable executive terminates their employment without “Good Reason”, then the
Company will pay to the applicable executive any unpaid base salary and benefits then owed or accrued, and any unreimbursed expenses,
any unvested portion of any equity granted to the applicable executive under the agreement or any other agreements with the Company will
immediately be forfeited as of the termination date without any further action of the parties; and all of the parties’ rights and
obligations under the applicable agreement cease, other than such rights or obligations which arose prior to the termination date or in
connection with such termination, and subject to those provisions which survive the termination.

If the Company terminates the applicable executive’s
employment without “Cause”, or the applicable executive terminates their employment with “Good Reason”, the Company
will pay to the applicable executive any base salary and benefits then owed or accrued and any unreimbursed expenses; the Company will
pay to the applicable executive an amount in cash equal to the target annual performance bonus for which they would have been eligible
with respect to the year in which termination of their employment occurs multiplied by a portion of the year for which the agreement was
in place; the Company will continue to pay to the applicable executive the base salary that would have been paid to them for the following
12 month period, assuming that the agreement and the term had remained in effect; any equity grant already made to the applicable executive
will