Company: EDSA
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001171843-25-002028
Chunk: 56

Company: Edesa Biotech, Inc.
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 56
---
 a “full value award”) counts against the 2019 Plan Share Reserve as one and one-half (1.5) shares, while each share subject to an option counts against the 2019 Plan Share Reserve as one share. Any Shares delivered under the Plan may consist, in whole or in part, of authorized and unissued share. Removing the 2019 Plan’s fungible share pool provisions will permit future grants of full value awards to count against the 2019 Plan Share Reserve on the same basis as stock options (that is, each share subject to a full value award will count against the 2019 Plan Share Reserve as one share), which will provide the Board with more flexibility in granting awards under the Plan.

The amendment is subject to approval by our shareholders at the Annual Meeting. If the amendment is not approved by our shareholders, it will not be implemented in the form proposed.

Shareholder approval of the amendment is necessary for us to meet the stockholder approval requirements of Nasdaq rules.

<div align='center'>34</div>

Principal Features of the 2019 Plan

The principal features of the 2019 Plan are as follows (and are set forth more fully below):

| ● | All officers, directors, employees, consultants and other service providers of the Company and its subsidiaries and other designated affiliates, which we refer to as “Related Entities,” are eligible to participate in the 2019 Plan; |

| ● | Options, restricted shares and RSUs may be granted under the 2019 Plan; |

| ● | The 2019 Plan is administered by the Compensation Committee of the Company’s Board (the “Committee”), except to the extent (and subject to the limitations set forth in the 2019 Plan) the Board elects to administer the 2019 Plan, in which case the 2019 Plan shall be administered by only those members of the Board who are “independent” members of the Board, as that term is defined under the rules of the stock exchange or quotation system on which common shares are listed or quoted; |

| ● | Vesting requirements with respect to awards under the 2019 Plan are determined by the Committee; |

| ● | In the event of a “change in control” of the Company, as defined in the 2019 Plan, and only to the extent provided in any employment or other agreement between the participant and the Company or any Related Entity, or in any award agreement, or to the extent otherwise determined by the Committee in its sole discretion in