Company: SXTPW
Filing Date: 2025-08-27
Form Type: DEF 14A
Source: 0001213900-25-080878
Chunk: 48

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-08-27
Form: DEF 14A
Chunk 48
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 amounts paid under the award and
any payments or proceeds paid or provided upon disposition of the shares issued under the award in order to comply with such clawback
policy or applicable laws.

Amendment and Termination

The administrator has
the authority to amend, suspend or terminate the 2022 Plan provided such action does not impair the existing rights of any participant.
The 2022 Plan automatically will terminate on November 22, 2032, unless it is terminated sooner.

Federal Income Tax Consequences

The following is a brief summary of the principal
U.S. federal income tax consequences with respect to awards granted under the 2022 Plan.

Restricted Stock Awards

The recipient of a restricted stock award does
not have taxable income upon receipt of the award. When the restricted stock award is vested, the recipient will recognize ordinary income
in an amount equal to the difference of the fair market value of the shares on the date of vesting and the amount paid for such restricted
stock, if any.

Upon the vesting of a restricted stock award,
the Company will be entitled to a corresponding income tax deduction in the tax year in which the restricted stock award vested.

The recipient may, however, elect under Section
83(b) of the Code to include as ordinary income in the year the shares are granted an amount equal to the excess of (i) the fair market
value of the shares on the date of issuance, over (ii) the purchase price, if any, paid for the shares. If the Section 83(b) election
is made, the recipient will not realize any additional taxable income when the shares become vested.

Restricted Stock Units

A recipient will not recognize taxable income
upon the grant of a restricted stock unit, and we will not be entitled to a deduction, until the shares and/or cash with respect to the
award are transferred to the recipient, generally at the end of the vesting period. At the time of transfer, the recipient will recognize
ordinary income equal to the value of the shares of common stock and/or cash. The Company will be entitled to a deduction equal to the
income recognized by the recipient. The subsequent disposition of shares acquired pursuant to a restricted stock unit award will result
in capital gain or loss (based upon the difference between the price received upon disposition and the recipient’s basis in those
shares).

Stock Options

The recipient does not recognize any taxable income
as a result of a grant of a non-qualified stock option. Upon exercise of a non-qualified stock option