Company: SHPH
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001641172-25-001889
Chunk: 37

Company: Shuttle Pharmaceuticals Holdings, Inc.
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 37
---

Plan is set forth below. This summary is qualified in its entirety by the detailed provisions of the 2018 Plan, a copy of which is attached
as Exhibit 10.2 to our Annual Report on Form 10-K filed with the SEC on February 26, 2025.

Administration.
The 2018 Plan is administered by the Board of Directors or its committees in accordance with applicable laws. Different committees may
administer for different groups of service providers. The administrator has full power to select participants, determine award types
and amounts, interpret provisions, and make all decisions regarding the 2018 Plan.

Common Stock Reserved for Issuance under the 2018 Plan. The current maximum aggregate number of shares that may be awarded and sold
under the 2018 Plan is 3,000,000 shares, of which approximately 679,434 shares remain available for issuance as of the date
of the proxy statement. If the First Amendment is approved by our stockholders, the maximum aggregate number of shares that may be awarded
and sold under the 2018 Plan will be 8,000,000 shares. If an award expires or becomes unexercisable without being exercised in full,
or is forfeited or repurchased, these shares will become available for future grants.

Eligibility.Awards may be made to service providers (employees, directors and consultants) of the Company or any affiliate of the Company.
Incentive stock options may only be granted to employees.

Options.The 2018 Plan permits granting of options to purchase shares intended to qualify as incentive stock options or non-qualified
stock options. The exercise price must be at least 100% of fair market value on the grant date (110% for certain 10% stockholders receiving
ISOs). The term may not exceed 10 years (5 years for certain 10% stockholders receiving ISOs).

Other Awards. The administrator may also award stock appreciation rights, which are rights to receive payment based on the increase
in fair market value; restricted stock, which refers to shares subject to restrictions and risk of forfeiture; restricted stock units,
which are bookkeeping entries representing share value; and performance units/shares, which are awards that may be earned upon achievement
of performance objectives.

Effect of Certain Corporate Transactions. In the event of a change in control, outstanding awards may be assumed, substituted, or
accelerated, as determined by the administrator. Change in control includes 50% ownership changes, Board of Directors’