Company: JUNS
Filing Date: 2025-11-06
Form Type: DEF 14A
Source: 0001493152-25-020988
Chunk: 76

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-11-06
Form: DEF 14A
Chunk 76
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 of a Convertible Note in the principal amount of $4.0 million, which was issued with an
“original issue discount” (“OID”) of 7.0% (or $280,000) and is initially convertible into Common Stock
at a fixed conversion price of $1.50 per share (subject to adjustment as provided in such Convertible Note) (the “First Convertible Note”). Giving effect to the OID, the purchase price paid by Yorkville for the First Convertible Note is equal to the amount
of the first Pre-Paid Advance ($3,720,000). The second tranche of the Pre-Paid Advance in the amount of $1,860,000 will be disbursed
to the Company on the second trading day after the later of (i) the initial Registration Statement described above first becoming effective
under the Securities Act and (ii) the Company’s receipt of the requisite approval of its stockholders enabling it to issue shares
of Common Stock to Yorkville under the SEPA and upon conversion of the Convertible Notes, collectively, in excess of the Exchange Cap
(defined below), in exchange for the issuance by the Company’s issuance to Yorkville at such time of a second Convertible Note
in the principal amount of $2.0 million, which will likewise be issued with an “original issue discount” of 7.0% (or $140,000)
and will also be initially convertible into Common Stock at a fixed conversion price of $1.50 per share (subject to adjustment as provided
in such Convertible Note) (the “Second Convertible Note”). Giving effect to the OID, the purchase price to be paid
by Yorkville for the Second Convertible Note will be equal to the amount of the second Pre-Paid Advance ($1,860,000). Interest shall
accrue on the outstanding balance under the Convertible Notes at an annual rate equal to 8%, subject to an increase to 18% upon an event
of default as described in the Convertible Notes. The maturity date of each of the Convertible Notes issued in connection with each Pre-Paid
Advance will be October 24, 2026.

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Yorkville may convert all or
any portion of the outstanding principal amount, accrued and unpaid interest and other amounts outstanding under the Convertible Notes
into shares of Common Stock, at any time and from time to time during the term of the Convertible Notes, at an initial fixed conversion