Company: CSCIF
Filing Date: 2025-04-09
Form Type: 20-F
Source: 0001641172-25-003456
Chunk: 102

Company: COSCIENS Biopharma Inc.
Filing Date: 2025-04-09
Form: 20-F
Item: Item 6
Chunk 102
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centive Compensation.

For the financial year ended December 31, 2024, the
Board approved did not approve any short-term, non-equity incentive compensation to any of the Named Executives.

Long-Term Equity Compensation

For the financial year ended December 31, 2024, the
Board approved did not approve any issuance of stock option awards to any of the Named Executives, with the exception of replacement
options issued as part of the Plan of Arrangement, as described above.

Summary of the Stock Option Plan

We established the Stock Option Plan in order to
attract and retain directors, officers, employees and suppliers of ongoing services, who will be motivated to work towards ensuring our
success. The Board has full and complete authority to interpret the Stock Option Plan, to establish applicable rules and regulations
and to make all other determinations it deems necessary or useful for the administration of the Stock Option Plan, provided that such
interpretations, rules, regulations and determinations are consistent with the rules of all stock exchanges and quotation systems on
which our securities are then traded and with all relevant securities legislation.

There were nil options outstanding
under the Stock Option Plan representing approximately 0.0% of all issued and outstanding Common Shares as of December 31, 2024. The
proposed number of Common Shares issuable pursuant to the Long-Term Incentive Plan is fixed at 11.4% of the issued and outstanding Common
Shares at any given time less the number of Common Shares issuable pursuant to stock options granted at such time under the Stock Option
Plan. See below for a complete description of the Long-Term Incentive Plan. As of December 31, 2024, there were 294,269 Common Shares
unallocated and available for future grants of options under the Stock Option Plan; however, the Corporation does not intend on issuing
any new stock options under the Stock Option Plan, and instead will issue any future stock options under the Long-Term Incentive Plan.

The burn rate for the Stock
Option Plan for the most recently completed fiscal year is set out below:

  Stock Option Plan                                                                                                          
  Year End               Options Granted      Weighted Average Shares Outstanding                     Burn Rate (1)          
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  December 31, 2024                                                                    2,581,308                          0  
  December 31, 2023