Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 1530

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 1530
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 its sole discretion, may pay earned performance awards in the form of cash, in shares, or in some combination
thereof.

Non-transferability of Awards

Unless the administrator provides otherwise,
the 2022 Plan generally does not allow for the transfer of awards other than by will or by the laws of descent and distribution and only
the recipient of an award may exercise an award during their lifetime. If the administrator makes an award transferrable, such award
will contain such additional terms and conditions as the administrator deems appropriate.

72

Certain Adjustments

In the event of certain changes in our capitalization,
to prevent diminution or enlargement of the benefits or potential benefits available under the 2022 Plan, the administrator will adjust
the number and class of shares that may be delivered under the 2022 Plan or the number, and price of shares covered by each outstanding
award and the numerical share limits set forth in the 2022 Plan.

Dissolution or Liquidation

In the event of our proposed liquidation or dissolution,
the administrator will notify participants as soon as practicable and all awards will terminate immediately prior to the consummation
of such proposed transaction.

Merger or Change in Control

The 2022 Plan provides that in the event of our
merger with or into another corporation or entity or a “change in control” (as defined in the 2022 Plan), each outstanding
award will be treated as the administrator determines, including, without limitation, that (i) awards will be assumed, or substantially
equivalent awards will be substituted, by the acquiring or succeeding corporation (or an affiliate thereof) with appropriate adjustments
as to the number and kind of shares and prices; (ii) upon written notice to a participant, that the participant’s awards will terminate
upon or immediately prior to the consummation of such merger or change in control; (iii) outstanding awards will vest and become exercisable,
realizable or payable, or restrictions applicable to an award will lapse, in whole or in part, prior to or upon consummation of such
merger or change in control and, to the extent the administrator determines, terminate upon or immediately prior to the effectiveness
of such merger or change in control; (iv) (A) the termination of an award in exchange for an amount of cash or property, if any, equal
to the amount that would have been attained upon the exercise of such award or realization of the participant’s rights as of the
date of the occurrence