Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 869

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 869
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of equity-based awards. Unless earlier terminated by the administrator, the 2022 Plan will terminate ten years from the date it is adopted
by our Board.

70

Plan Administration

One or more committees appointed by our Board
will administer the 2022 Plan. Initially, the Compensation Committee shall administer the 2022 Plan. In addition, if we determine it
is desirable to qualify transactions under the 2022 Plan as exempt under Rule 16b-3 of the Exchange Act, such transactions will be structured
with the intent that they satisfy the requirements for exemption under Rule 16b-3. Subject to the provisions of the 2022 Plan, the administrator
has the power to administer the 2022 Plan and make all determinations deemed necessary or advisable for administering the 2022 Plan,
including the power to determine the fair market value of our common stock, select the service providers to whom awards may be granted,
determine the number of shares covered by each award, approve forms of award agreements for use under the 2022 Plan, determine the terms
and conditions of awards (including the exercise price, the time or times at which the awards may be exercised, any vesting acceleration
or waiver or forfeiture restrictions and any restriction or limitation regarding any award or the shares relating thereto), construe
and interpret the terms of the 2022 Plan and awards granted under it, prescribe, amend and rescind rules relating to the 2022 Plan, rules
and regulations relating to sub-plans established for the purpose of facilitating compliance with applicable non-U.S. laws, easing the
administration of the 2022 Plan and/or for qualifying for favorable tax treatment under applicable non-U.S. laws, in each case as the
administrator may deem necessary or advisable and modify or amend each award (subject to the provisions of the 2022 Plan), including
the discretionary authority to extend the post-termination exercisability period of awards and to extend the maximum term of an option
or stock appreciation right (subject to the provisions of the 2022 Plan), to allow Participants to satisfy withholding tax obligations
in a manner permissible under the 2022 Plan, to authorize any person to execute on behalf of us any instrument required to effect the
grant of an award previously granted by the administrator and to allow a participant to defer the receipt of payment of cash or the delivery
of shares that would otherwise be due to such participant under an award. The administrator also has the authority to allow participants
the