Company: CSCIF
Filing Date: 2025-04-09
Form Type: 20-F
Source: 0001641172-25-003456
Chunk: 107

Company: COSCIENS Biopharma Inc.
Filing Date: 2025-04-09
Form: 20-F
Item: Item 6
Chunk 107
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 Plan.

The Long-Term Incentive Plan enables the grant of
stock options, stock appreciation rights (“SARs”), stock awards, stock unit awards, performance shares, cash-based
performance units, deferred share units and other stock-based awards, each of which may be granted separately or in tandem with other
awards.

The maximum number of Common Shares issuable under
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. There were 140,774 awards outstanding under
the Long-Term Incentive Plan representing approximately 4.5% of all issued and outstanding Common Shares as of December 31, 2024. As
of December 31, 2024, there were 217,257 Common Shares unallocated and available for future grants of awards that are settled in Common
Shares under the Long-Term Incentive Plan. See above for a complete description of the Stock Option Plan.

The burn rate for the LTIP for the most recently
completed fiscal year is set out below:

  LTIP                                                                                                                                   
  Year End               Awards Granted                  Weighted Average Shares Outstanding                     Burn Rate (1)           
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  December 31, 2024                          77,949                                               2,581,308                         3.0  
  December 31, 2023                          21,712                                               1,847,233                         1.2  
  December 31, 2022                          10,620                                               1,854,537                         0.6  

  (1)      Annual burn rate is expressed as a percentage and is calculated by                                                                    

The number of securities issuable to insiders, at
any time, or issued within any one-year period, under all of our security-based compensation arrangements, cannot exceed 10% of our issued
and outstanding securities and no single participant may hold options to purchase, from time to time, more than 5% of our issued and
outstanding Common Shares.

The aggregate fair value of options granted under
all of our security-based compensation arrangements to any one of our Outside Directors entitled to receive a benefit under the Long-Term
Incentive Plan, within any one-year period, cannot exceed $100,