Exhibit
10.11


 


Amendment
1 to Executive Employment Agreement


 


Dated
as of September 29, 2021


 


This
Amendment No. 1 to Executive Employment Agreement (this “Amendment”) dated as of the date first set forth above (the “Amendment
Date”) is entered into by and between Jupiter Neurosciences, Inc., a Delaware corporation (the “Company”) and Dana
Perez (the “Executive”). The Company and Executive may collective be referred to as the “Parties” and each individually
as a “Party”.


 


WHEREAS,
the Parties are the parties to that certain Executive Employment Agreement, dated as of June 1, 2021 (the “Original Agreement”),
and now desire to amend the Original Agreement as set forth herein in order to correct certain typographical errors therein, and pursuant
to Section 14 of the Original Agreement the Parties may amend the Original Agreement in writing;


 


NOW,
THEREFORE, in consideration of the promises and of the mutual covenants and agreements hereinafter set forth, and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:


 


		1.	Defined
                                            Terms. Defined terms used herein without definition shall have the meanings given in
                                            the Original Agreement.



 


		2.	Amendment.
                                            Pursuant to Section 14 of the Original Agreement, the Original Agreement is hereby amended
                                            as follows, with such amendments to be deemed effective as of the Effective Date: The first
                                            sentence of Section 1(a) of the Original Agreement is hereby amended and restated in its
                                            entirety to provide as follows:



 


The
term of this Agreement (the “Initial Term”) shall begin as of the Effective Date and shall end on the earlier of (i) the
third (3rd) anniversary of the Effective Date and (ii) the time of the termination of the Executive’s employment in
accordance with the terms herein.


 


		3.	Remainder
                                            in Force. Other than as amended herein, the Original Agreement shall remain in full force
                                            and effect until terminated in accordance with its terms. Any reference in the Original Agreement
                                            to the “Agreement” shall now be deemed a reference to the Original Agreement
                                            as amended by this Amendment.



 


		4.	Miscellaneous.



 


		(a)	The
                                            headings in this Amendment are for reference only and shall not affect the interpretation
                                            of this Amendment.



 


		(b)	This
                                            Amendment and the rights and obligations of the Parties shall be governed by and construed
                                            and enforced in accordance with the laws of the State of Florida without giving effect to
                                            any choice or conflict of law provision or rule (whether of the State of Florida or any other
                                            jurisdiction).



 


		(c)	This
                                            Amendment may be executed in counterparts, each of which shall be deemed an original, but
                                            all of which together shall be deemed to be one and the same agreement. A signed copy of
                                            this Amendment delivered by facsimile, e-mail or other means of electronic transmission shall
                                            be deemed to have the same legal effect as delivery of an original signed copy of this Amendment.



 


[Signatures
appear on following page]


 




    	1



     


    

 


IN
WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed as of the Amendment Date.


 


	 	Jupiter Neurosciences, Inc.
	 	 	 
	 	By:
    	/s/
    Christer Rosén
	 	Name:
    	Christer Rosén
	 	Title:
    	Chief
    Executive Officer


 


	 	Executive:
	 	 	 
	 	By:
    	/s/
    Dana Perez
	 	Name:	 Dana
    Perez