Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 222

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9C
Chunk 222
---
of the agreements also contains a customary non-solicitation provision, wherein the executive agrees that they shall not, directly or
indirectly solicit or discuss with any employee of Company the employment of such Company employee by any other commercial enterprise
other than Company, nor recruit, attempt to recruit, hire or attempt to hire any such Company employee on behalf of any commercial enterprise
other than Company, provided that this provision does not prohibit the executive from undertaking a general recruitment advertisement
provided that the foregoing is not targeted towards any person identified above, or from hiring, employing or engaging any such person
who responds to such general recruitment advertisement. This provision applies for three years.

Each
of the agreements also contains a customary non-compete provision, wherein the executive agrees that they will not, directly or indirectly:
(i) engage in any other business, association or relationship of any kind with any business which provides, in whole or in part, the
same or similar services and/or products offered by Company as part of its existing or developing businesses which directly or indirectly
competes with Company; nor (ii) solicit or accept, or induce any person to reduce goods or services to Company, or in any manner assist
others in the solicitation, acceptance, or inducement of, any business transactions with Company’s existing and prospective clients,
accounts, suppliers and/or other persons or entities with whom Company has had business relationships (or whom Company had specifically
identified for a prospective business relationship). This provision applies for nine months.

Each
of the agreements contains a “Blue Pencil” provision, wherein if a court of competent jurisdiction determines that any of
the non-solicit or non-compete 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 a Master Services Agreement with Titan Advisory Services LLC (“Titan”), which is wholly-owned by Mr. Elmasri and his wife, pursuant
to which the Titan will provide certain services to the Company (the “MSA”). 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