Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 202

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 202
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 notice to a participant, that the participant’s awards will terminate
upon or immediately prior to the consummation of such merger or change in control; (iii) outstanding awards will vest and become exercisable,
realizable or payable, or restrictions applicable to an award will lapse, in whole or in part, prior to or upon consummation of such
merger or change in control and, to the extent the administrator determines, terminate upon or immediately prior to the effectiveness
of such merger or change in control; (iv) (A) the termination of an award in exchange for an amount of cash or property, if any, equal
to the amount that would have been attained upon the exercise of such award or realization of the participant’s rights as of the
date of the occurrence of the transaction (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction the
administrator determines in good faith that no amount would have been attained upon the exercise of such award or realization 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