Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 540

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 540
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 of the
participant’s rights, then such award may be terminated by us without payment) or (B) the replacement of such award with other
rights or property selected by the administrator in its sole discretion; or (v) any combination of the foregoing. The administrator will
not be obligated to treat all awards, all awards a participant holds, or all awards of the same type, similarly. In the event that awards
(or portion thereof) are not assumed or substituted for in the event of a merger or change in control, the participant will fully vest
in and have the right to exercise all of their outstanding options and stock appreciation rights, including shares as to which such awards
would not otherwise be vested or exercisable, all restrictions on restricted stock and RSUs or performance awards will lapse and, with
respect to awards with performance-based vesting, all performance goals or other vesting criteria will be deemed achieved at 100% of
target levels and all other terms and conditions met, in all cases, unless specifically provided otherwise under the applicable award
agreement or other written agreement between the participant and us or any of our subsidiaries or parents, as applicable. If an option
or stock appreciation right is not assumed or substituted in the event of a merger or change in control, the administrator will notify
the participant in writing or electronically that the option or stock appreciation right will be exercisable for a period of time determined
by the administrator in its sole discretion and the vested option or stock appreciation right will terminate upon the expiration of such
period.

For awards granted to an outside director, the
outside director will fully vest in and have the right to exercise options and/or stock appreciation rights as to all of the shares underlying
such award, including those shares which would not be vested or exercisable, all restrictions on restricted stock and RSUs will lapse,
and, with respect to awards with performance-based vesting, all performance goals or other vesting criteria will be deemed achieved at
one hundred percent (100%) of target levels and all other terms and conditions met, unless specifically provided otherwise under the
applicable award agreement or other written agreement between the participant and us or any of our subsidiaries or parents, as applicable.

Clawback

Awards will be subject to any clawback policy
that we are required to adopt pursuant to the listing standards of any national securities exchange or association on which our securities
are listed or as is otherwise required by the Dodd-Frank Act or other applicable laws. The administrator also may specify in