Company: SXTPW
Filing Date: 2025-08-27
Form Type: DEF 14A
Source: 0001213900-25-080878
Chunk: 43

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-08-27
Form: DEF 14A
Chunk 43
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 the administrator and
to institute an exchange program by which outstanding awards may be surrendered or cancelled in exchange for awards of the same type which
may have a higher or lower exercise price or different terms, awards of a different type or cash, or by which the exercise price of an
outstanding award is increased or reduced. The administrator’s decisions, interpretations and other actions are final and binding
on all participants.

Eligibility

Awards under the 2022
Plan, other than incentive stock options, may be granted to our employees (including our officers and directors) or a parent or subsidiary,
members of our Board, or consultants engaged to render bona fide services to us or a parent or subsidiary. Incentive stock options may
be granted only to our employees or a subsidiary, provided the services (i) are not in connection with the offer or sale of securities
in a capital-raising transaction, and (ii) do not directly promote or maintain a market for our securities, in each case, within the meaning
of Form S-8 promulgated under the Securities Act, and provided further, that a consultant will include only those persons to whom the
issuance of shares may be registered under Form S-8 promulgated under the Securities Act.

Stock Options

Stock options may be
granted under the 2022 Plan. The exercise price of options granted under the 2022 Plan generally must at least be equal to the fair market
value of our common stock on the date of grant. The term of each option will be as stated in the applicable award agreement; provided,
however, that the term may be no more than 10 years from the date of grant. The administrator will determine the methods of payment of
the exercise price of an option, which may include cash, shares or other property acceptable to the administrator, as well as other types
of consideration permitted by applicable law. After the termination of service of an employee, director or consultant, they may exercise
their option for the period of time stated in their option agreement. In the absence of a specified time in an award agreement, if termination
is due to death or disability, the option will remain exercisable for six months. In all other cases, in the absence of a specified time
in an award agreement, the option will remain exercisable for three months following the termination of service. An option may not be
exercised later than the expiration of its term. Subject to the provisions of the 2022