Company: CSCIF
Filing Date: 2025-04-09
Form Type: 20-F
Source: 0001641172-25-003456
Chunk: 138

Company: COSCIENS Biopharma Inc.
Filing Date: 2025-04-09
Form: 20-F
Item: Item 6
Chunk 138
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 security review. Review on national security
grounds is at the discretion of the federal government and may occur on a pre- or post-closing basis.

There
is no law, governmental decree or regulation in Canada that restricts the export or import of capital, or which would affect the remittance
of dividends or other payments by us to non-resident holders of our Common Shares, other than withholding tax requirements.

  93  

  Material   
  contracts  
 ─────────────

The
following are the only material agreements of the Company that are in effect as of the date hereof (other than certain agreements entered
into in the ordinary course of business):

  the                                                               
  the                                                               
  Symrise                                                           
  the                                                               

Arrangement
Agreement

On
December 14, 2023, Aeterna Zentaris entered into an Arrangement Agreement with Ceapro, pursuant to which we and Ceapro agreed that, subject
to the terms and conditions set forth in the Arrangement Agreement, including the receipt of the approval of the stockholders of Aeterna
Zentaris and Ceapro the final order of the Court of King’s Bench of Alberta and certain regulatory and exchange approvals described
below, on the Effective Date (as defined in the Arrangement Agreement) we will acquire 100 percent of the Ceapro Shares pursuant to a
company-approved plan of arrangement under the Canada Business Corporations Act such that Ceapro will become a wholly-owned subsidiary
of Aeterna Zentaris and Aeterna Zentaris will continue the operations of Aeterna Zentaris and Ceapro on a combined basis. On March 12,
2024, the stockholders of Aeterna approved the Plan of Arrangement.

For
additional information with respect to the representations and warranties, conditions to closing and other terms in the Plan of Arrangement
please refer to the section entitled “ The Plan of Arrangement

Lock-Up
Agreements

On
December 14, 2023 and prior to entering into the Arrangement Agreement, each of the directors and officers of Ceapro have entered into
Aeterna Zentaris Lock-Up Agreements pursuant to which, among other things, they have agreed in favour of Aeterna Zentaris to vote in
favour of the Arrangement Resolution (as defined in the Arrangement Agreement) on the terms and subject to the conditions set forth in
the Aeterna Zentaris Lock-Up Agreements. As of January 12