Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 1368

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 5
Chunk 1368
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 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 Plan, the administrator determines the other terms of options.

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Stock Appreciation Rights

Stock appreciation rights may be granted under
the 2022 Plan. Stock appreciation rights allow the recipient to receive the appreciation in the fair market value of our common stock
between the exercise date and the date of grant. Stock appreciation rights may not have a term exceeding 10 years. After the termination
of service of an employee, director or consultant, they may exercise their stock appreciation right for the period of time stated in
their stock appreciation right agreement. In the absence of a specified time in an award agreement, if termination is due to death or
disability, the stock appreciation rights will remain exercisable for six months. In all other cases, in the absence of a specified time
in an award agreement, the stock appreciation rights will remain exercisable for three months following the termination