Company: CSCIF
Filing Date: 2025-04-09
Form Type: 20-F
Source: 0001641172-25-003456
Chunk: 106

Company: COSCIENS Biopharma Inc.
Filing Date: 2025-04-09
Form: 20-F
Item: Item 6
Chunk 106
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 to the foregoing amending provisions requiring Board,  

The Stock Option Plan further provides that the following
amendments may be made to the Stock Option Plan upon approval of the Board and upon receipt of all required regulatory approvals, but
without shareholder approval:

  amendments of a “housekeeping” or clerical nature or to  

  amendments regarding any vesting period of an option;  

  amendments regarding the extension of an option beyond an Early Expiry                                                              

  adjustments to the number of issuable Common Shares underlying, or                                                                    

  discontinuing or terminating the Stock Option Plan; and any other amendment            

Summary of
the Long-Term Incentive Plan

The purpose of the Long-Term Incentive Plan is to
(i) promote our long-term financial interests and growth by attracting and retaining management and other personnel and key service providers
with the training, experience and ability to enable them to make a substantial contribution to the success of our business; (ii) motivate
management personnel by means of growth-related incentives to achieve long-range goals; and (iii) further the alignment of interests
of participants with those of our shareholders through opportunities for increased share ownership in the Corporation.

The NGCC is the administrator of the Long-Term Incentive
Plan (the “Administrator”). At any time, the Board may serve as the Administrator of the Long-Term Incentive Plan,
in lieu of, or in addition, to the NGCC. Except as provided otherwise under the Long-Term Incentive Plan, the Administrator has plenary
authority to grant awards pursuant to the terms of the Long-Term Incentive Plan to eligible individuals, determine the types of awards
and the number of shares to be covered by the awards, establish the terms and conditions for awards, including the exercise price and
term of awards, and take all other actions necessary or desirable to carry out the purpose and intent of the Long-Term Incentive Plan.

  73  

Participation in the Long-Term Incentive Plan is
generally open to all officers, employees and other individuals, including Outside Directors. However, any individual whose services
to the Corporation or any of its subsidiaries are limited to capital-raising transactions, or the promotion and maintenance of a market
for the Corporation securities, are ineligible to participate in the Long-Term Incentive Plan. Prospective officers, employees and other
service providers who have accepted offers to provide services to the Corporation may also participate in the Long-Term Incentive