Exhibit 10.1


 


 


 


Equity
Compensation Plan 


(August 2022)


 


Reunion Neuroscience
Inc., (Reunion) hereby adopts this Equity Compensation Plan (Plan) for certain Employees, Directors, and Consultants of Reunion
and/or its Affiliates.


 


ARTICLE 1 - PURPOSE


 


1.1          Purpose.


 


The purpose of
the Plan is to attract and retain Employees, Directors and Consultants of Reunion and/or its Affiliates, and to ensure that interests
of key Persons are aligned with the success of Reunion and its Affiliates.


 


ARTICLE 2 - INTERPRETATION


 


2.1          Definitions.


 


In this Plan, the following terms have
the following meanings:


 


$ or Dollars means the lawful
currency of Canada except where explicitly set forth to the contrary;


 


Act
means the Canadian Income Tax Act R.S.C., 1985, c. 1 (5th Supp.), as amended from time to time;


 


Active
Employment or Actively Employed means a person is employed and actively performing employment duties for his or her Employer or performing
other similar duties as may be determined by the Board in its discretion or is on a leave of absence approved by his or her Employer
or authorized under applicable law. For purposes of this Plan, except as may be required to comply with the minimum requirements of applicable
employment standards legislation, Actively Employed and Active Employment does not include any period during, or in respect of, which
a Participant is receiving or is entitled to receive payments in lieu of notice (whether by way of lump sum or salary continuance), benefits
continuance, severance pay, damages for wrongful dismissal or other termination related payments or benefits, in each case, whether pursuant
to statute, contract, common law, civil law or otherwise. For purposes of this Plan, a Participant is not Actively Employed if a Participant’s
employment or engagement has been terminated by his or her voluntary resignation or by his or her Employer, regardless of whether a Participant’s
employment or engagement has been terminated with or without Cause, lawfully or unlawfully or with or without notice;


 






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Affiliate
means, with respect to any Person, any entity that is an affiliate for the purposes of National Instrument 45-106 — Prospectus
Exemptions, as amended from time to time;


 


Applicable
Withholding Taxes means any and all taxes and other source deductions or other amounts which Reunion or any of its Affiliates is
required by law to withhold from any amounts to be paid or credited hereunder;


 


Award
means an Option, RSU, PSU or Dividend Share Unit granted under this Plan, as the context requires;


 


Award
Agreement means an Option Agreement, RSU Agreement or PSU Agreement, as the context requires;


 


Blackout Period
means a period of time during which: (i) the trading guidelines of Reunion, as amended or replaced from time to time, restrict
one or more Participants from trading in securities of Reunion; or (ii) Reunion has determined that one or more Participants may
not trade any securities of Reunion, in each case, excluding any period during which a regulator has halted trading in Reunion’s
securities;


 


Blackout Period Expiry Date means
the date on which a Blackout Period expires;


 


Board means the board of directors
of Reunion;


 


Cause means
with respect to any Participant, (a) in the case where there is an employment or service agreement in effect between Reunion or
one of its Affiliates and the Participant that defines cause (or words of like import) as applicable to the Participant, cause as defined
under such agreement; or (b) in the case where there is no such agreement in effect:


 


		(a)	theft,
                                            fraud, dishonesty, or misconduct by the Participant involving the property, business or affairs
                                            of Reunion or any of its Affiliates or the carrying out of the Participant’s duties
                                            to Reunion or any of its Affiliates;



 


		(b)	any material
                                            breach or non-observance by the Participant of any term of any employment or service agreement
                                            between the Participant and Reunion or any of its Affiliates, this Plan or any non-competition,
                                            non-solicitation, confidentiality or intellectual property covenants between the Participant
                                            and Reunion or any of its Affiliates;



 


		(c)	the material
                                            failure by the Participant to perform his or her duties with or for Reunion or any of its
                                            Affiliates provided that the Participant has been given notice in writing thereof and a reasonable
                                            period in which to rectify such failure;



 


		(d)	the failure
                                            of the Participant to comply with his or her fiduciary duties to Reunion or any of its Affiliates
                                            (if any); or



 


		(e)	the Participant’s
                                            conviction of, or plea of guilty or no contest to, a criminal offence, felony, or a crime
                                            or offence involving moral turpitude;



 






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Change in Control
means: (i) a direct or indirect sale or disposition, in any single transaction or series of related transactions, of all or
substantially all of the consolidated assets of Reunion and its subsidiaries to a Third Party Purchaser; (ii) a sale resulting in
no less than a majority of the Common Shares (or other voting securities of Reunion) on a fully diluted basis being held by a Third Party
Purchaser, its Affiliates and any other Person acting jointly or in concert with the Third Party Purchaser; provided that, prior to such
sale, such Persons did not hold, in the aggregate, a majority of the Common Shares (or other voting securities of Reunion) on a fully
diluted basis; (iii) a merger, consolidation, recapitalization or reorganization of Reunion with or into a Third Party Purchaser
that results in the inability of the holders of Common Shares immediately prior to the merger, consolidation, recapitalization or reorganization
to designate or elect a majority of the board of directors (or its equivalent) of the resulting entity or its parent company; or (iv) any
additional event that the Board reasonably determines is a Change in Control; provided, that, notwithstanding the foregoing, to the extent
necessary to comply with Code Section 409A with respect to the payment of deferred compensation to any U.S. Taxpayer, Change in
Control shall be limited to a change in control event as defined in Treasury Regulations Section 1.409A-3(i)(5) prescribed
pursuant to Code Section 409A;


 


Code means the U.S. Internal
Revenue Code of 1986, as amended from time to time;


 


Common Shares means the class
A common shares in the capital of Reunion;


 


Consultant
means an individual consultant or a consultant entity, other than an Employee or Director, that:


 


		(a)	is engaged
                                            to provide services on a bona fide basis to Reunion or any of its Affiliates, other than
                                            services provided in relation to a distribution of securities of Reunion or any of its Affiliates;



 


		(b)	provides the
                                            services under a written contract with Reunion or any of its Affiliates; and



 


		(c)	spends or
                                            will spend a significant amount of time and attention on the affairs and business of Reunion
                                            or any of its Affiliates,



 


and includes,
(i) for an individual consultant, (A) a company of which the individual consultant is an employee or shareholder, or (B) a
partnership of which the individual consultant is an employee or partner, and (ii) for a consultant that is not an individual, an
employee or director of the consultant, provided that the individual employee or director spends or will spend a significant amount of
time and attention on the affairs and business of Reunion or any of its Affiliates;


 


Director means a member of the
Board from time to time who is not an Employee;


 


Dividend Share Unit has the meaning
set forth in Section 8.2;


 


Employee means (subject to any
applicable securities laws) a full-time or part-time employee of


 






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Reunion or any of its Affiliates;


 


Employer means,
with respect to a Participant, Reunion or the applicable Affiliate thereof that employs or engages the Participant or employed or engaged
the Participant immediately prior to the relevant time;


 


Exchange means
the Toronto Stock Exchange or, if the Common Shares are not then listed on the Toronto Stock Exchange,
such other principal market on which the Common Shares are then listed and posted for trading;


 


Fair Market
Value means with respect to a Common Share, as of any date, the closing price of the Common Shares on
the Exchange on the last trading day immediately preceding the applicable date or, if the Common Shares are not then readily tradable
on an established securities market, the fair market value of such Common Shares as determined by the Board (by the reasonable application
of a reasonable valuation method) and consistent with the principles of Code Sections 409A, 422 and 424 to the extent applicable in the
case of an Award granted to or held by a U.S. Taxpayer;


 


Grant Date means, for any Award,
the date the Board grants the Award;


 


Grant Resolution
means the applicable resolution of the Board authorizing and approving any Option, RSU or PSU grant;


 


Incentive Stock
Option means an option that meets the requirements of Code Section 422 or any successor provision and is designated as such
by the Board in the applicable Grant Resolution;


 


Insider has the
meaning given to such term in the policies of the Exchange;


 


Intrinsic Value
means, with respect to an Option (or relevant portion thereof), an amount equal to the product of (i) the number of Common Shares
subject to such Option (or relevant portion thereof) and (ii) the excess, if any, of the Fair Market Value of a Common Share as
of the applicable date of determination over the Option Price (and, for avoidance of doubt, if there is no such excess, then the Intrinsic
Value shall be zero);


 


Non-Qualified
Stock Option means an option that is not intended to be or does not meet the requirements of an Incentive Stock Option. Any Option
granted by the Board that is not designated as an Incentive Stock Option in the applicable Grant Resolution will be a Non-Qualified Stock
Option;


 


Notice has the meaning set forth
in Section 6.2;


 


Option means
the right to purchase Common Shares granted under the Plan pursuant to the terms and conditions determined in the Grant Resolution and
set forth in an Option Agreement;


 


Option Agreement
means an agreement between Reunion and an Employee, Director or Consultant evidencing the grant of an Option and the terms and conditions
of such Option in the form of Schedule A hereto or such other form(s) as may be approved by the Board from time to time;


 






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Option
Price means the purchase price per Optioned Share determined in accordance with Section 4.4;


 


Optioned
Shares means the Common Shares which may be or actually are purchased by a Participant pursuant to an Option;


 


Parent Corporation has the meaning
set forth in Code Section 424(e) or any successor provision;


 


Participant
means an Employee, Director or Consultant who holds Awards granted under the Plan pursuant to an Award Agreement;


 


Performance
Period means, with respect to PSUs, the period of time specified in a PSU Agreement during which the applicable Performance Vesting
Conditions may be achieved;


 


Performance
Vesting Conditions means such performance-related conditions in respect of the vesting of Share Units determined by the Board at
the Grant Date, which may include but are not limited to, financial or operational performance of Reunion, total shareholder return or
individual performance criteria, measured over the Performance Period;


 


Person means
any individual, partnership, limited partnership, joint venture, syndicate, sole proprietorship, company or corporation with or without
share capital, unincorporated association, trust, trustee, executor, administrator or other legal personal representative, regulatory
body or agency, government or governmental agency, authority or entity however designated or constituted;


 


Plan means this Equity Compensation
Plan, as may be amended or restated from time to time;


 


PSU means
a right to receive a Common Share issued from treasury that generally becomes vested, if at all, subject to the attainment of Performance
Vesting Conditions and the satisfaction of such other conditions to vesting, if any, as may be determined by the Board;


 


PSU Agreement
means an agreement between Reunion and an Employee (other than an Employee who is also a Director) or Consultant evidencing the grant
of a PSU and the terms and conditions of such PSU in the form of Schedule B hereto or such other form(s) as may be approved by the
Board from time to time;


 


RSU means
a right to receive a Common Share issued from treasury that generally becomes vested, if at all, following a period of continuous employment
or engagement;


 


RSU Agreement
means an agreement between Reunion and an Employee, Director or Consultant evidencing the grant of an RSU and the terms and conditions
of such RSU in the form of Schedule C hereto or such other form(s) as may be approved by the Board from time to time;


 


Settlement Date has the meaning
set forth in Section 10.1;


 


Share Unit means an RSU, PSU
or Dividend Share Unit as the context requires;


 






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Share Unit Account has the meaning
set forth in Section 8.3;


 


Shareholder means a holder of
Common Shares;


 


Subsidiary Corporation
has the meaning set forth in Code Section 424(f) or any successor provision;


 


Termination
Date means: (i) in respect of a Participant who is a Director or Consultant, the date the Participant ceases to be a Director
or Consultant for any reason, as applicable; and (ii) in respect of a Participant who is an Employee, the Participant’s last
day of Active Employment with his or her Employer (other than in connection with the Participant’s transfer of employment to an
Affiliate of his or her Employer); in each case, regardless of whether the Participant’s employment or engagement with Reunion
or any of its Affiliates is terminated with or without Cause, with or without notice, lawfully or unlawfully, and does not include any
period of statutory, contractual, common law, civil law or other notice of termination of employment or engagement or any period of salary
continuance, severance or deemed employment or other periods of time in respect of which damages are paid or payable to the Participant
in respect of the termination of employment or engagement, whether pursuant to an employment agreement, service agreement or other agreement
or at law. Any applicable severance period or notice period shall not be considered a period of employment or engagement for purposes
of the Participant’s rights under the Plan;


 


Third
Party Purchaser means any Person who is not an Affiliate of Reunion and is the acquirer in connection with a Change in Control;


 


U.S. Taxpayer
means any Participant who is a United States citizen or United States resident alien as defined for purposes of Section 7701(b)(1)(A) of
the Code or for whom an Award is otherwise subject to taxation under the Code; provided, that a Participant shall be a U.S. Taxpayer
solely with respect to those affected Awards.


 


VWAP means
the volume weighted average trading price of the Common Shares on the Exchange calculated by dividing the total value by the total volume
of such securities traded for the five trading days immediately preceding the applicable date.


 


2.2          Interpretation.


 


Any
reference in this Plan to gender shall include all genders, and words importing the singular number only shall include the plural and
vice versa. The division of the Plan into Articles and Sections and the insertion of headings are for reference purposes only and shall
not affect the interpretation of the Plan. Whenever the Board is entitled to exercise discretion in the administration of the Plan, the
term “discretion” means the sole and absolute discretion of the Board. Unless otherwise indicated, any reference in the Plan
to an Article or Section refers to the specified Article or Section of the Plan.


 






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2.3          Administration.


 


This Plan
shall be administered by the Board, which shall have full authority to administer this Plan, including the authority to:
(i) grant Awards to Employees, Directors and Consultants; (ii) determine the Option Price, Performance Period, Performance
Vesting Conditions, vesting schedule, term, limitations, intended tax treatment, restrictions and conditions applicable to Awards;
(iii) interpret, administer and construe the Plan; (iv) subject to the rules of the Exchange, waive or amend any
vesting conditions (including Performance Vesting Conditions) or vesting schedule; (v) establish, amend and rescind any
rules and regulations relating to the Plan; and (vi) make any other determinations that the Board deems necessary or
desirable for the administration of the Plan; subject in all cases to compliance with regulatory requirements. The Board may correct
any defect or supply any omission or reconcile any inconsistency in the Plan, in the manner and to the extent the Board deems, in
its discretion, necessary or desirable. All actions taken and all interpretations and determinations made by the Board in good faith
shall be final and conclusive and shall be binding on the Participants and Reunion. No member of the Board shall be personally
liable for any action taken or determination or interpretation made in good faith in connection with this Plan and all members of
the Board shall, in addition to their rights as directors of Reunion, be fully protected, indemnified and held harmless by Reunion
with respect to any such action taken or determination or interpretation made. The appropriate officers of Reunion are hereby
authorized and empowered to do all things and execute and deliver all instruments, undertakings and applications and writings as
they, in their absolute discretion, consider necessary or desirable for the implementation of this Plan and of the rules and
regulations established for administering this Plan. All costs incurred in connection with this Plan shall be for the account of
Reunion. This Plan shall be administered in accordance with the rules and policies of the Exchange by the Board so long as the
Common Shares are listed on the Exchange.


 


2.4          Delegation
to Committee.


 


All
of the powers exercisable hereunder by the Board may, to the extent permitted by applicable law and as determined by resolution of the
Board, be exercised by a committee of the Board comprised of not fewer than three directors of Reunion, who shall satisfy such additional
securities law and exchange-rule requirements as may be determined by the Board from time to time.


 


ARTICLE 3 - SHARES
RESERVED FOR ISSUANCE


 


3.1          Shares
Reserved for Issuance.


 


Subject to any
adjustment pursuant to Section 14.1, the maximum number of Common Shares reserved for issuance under the Plan (and all equity compensation
plans) shall be 15% of the issued and outstanding Common Shares from time to time, on a non-diluted basis; of which the maximum number
of Common Shares reserved for issuance under the Plan pursuant to (i) Incentive Stock Options is subject to a sublimit of 8,000,000,
and (ii) Share Units is subject to a sublimit of 5% of the issued and outstanding Common Shares from time to time, on a non-diluted
basis. Common Shares in respect of Options that have been exercised, cancelled, surrendered or terminated or that expire without being
exercised and Common Shares underlying Share Units which expire, terminate or are settled or cancelled shall again be available for issuance
under the Plan.


 






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The aggregate value of all Awards
granted to any one Director who is neither a Consultant nor an Employee in any one year period under all security-based compensation
arrangements of Reunion may not exceed $150,000 (with no more than $100,000 attributable to Options) based on the grant date fair
value of the Awards, other than Awards granted in lieu of cash fees payable for serving as a Director.


 


If the Board authorizes the assumption
or substitution under this Plan, in connection with any merger, consolidation, acquisition of property or stock, or reorganization, of
awards granted under another plan, such assumption or substitution shall not reduce the maximum number of Common Shares available for
issuance under this Plan, and, as deemed necessary by the Board, such assumed or substituted awards shall be subject to terms and conditions
that may vary from those otherwise imposed under this Plan, all subject to applicable law and exchange rules.


 


3.2          No
Fractional Shares.


 


No fractional Common
Shares shall be issued under the Plan (including as a result of any adjustment made pursuant to Article 14), and a Participant shall
have no right to payment or other consideration in respect of a fractional Common Share the right to which is forfeited as a result of
this provision.


 


ARTICLE 4 - GRANT OF
OPTIONS AND RIGHTS OF PARTICIPANTS


 


4.1          Grant
of Options.


 


The
Board may, at any time and from time to time, grant Options to such Employees, Directors and Consultants as it may select for the number
of Optioned Shares that it shall designate, subject to the provisions of this Plan, and provided that the total number of Common Shares
subject to and acquired upon exercise of Options shall not at any time exceed the maximum set forth in Section 3.1. The grant of
an Option to a Participant at any time shall neither entitle such Participant to receive, nor preclude such Participant from receiving,
a subsequent grant of an Option.


 


The Board shall
make all necessary or desirable determinations regarding the granting of Options and may take into consideration the present and potential
contributions of a particular Employee, Director, or Consultant to the success of Reunion and its Affiliates and any other factors which
it may deem proper and relevant.


 


The maximum number
of Options that may be granted under this Plan to Insiders of Reunion is limited such that the number of Common Shares issued from treasury
to Insiders within a one-year period, or issuable to Insiders at any time, under the Plan and any other security of compensation arrangements,
shall not exceed 10% of the number of Common Shares then outstanding.


 






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4.2          Incentive
Stock Options.


 


The
following provisions will apply only to Incentive Stock Options granted to U.S. Taxpayers under the Plan:


 


	(a)	No Incentive
                                            Stock Option may be granted to any Employee, Director or Consultant who, at the time such
                                            Option is granted: (i) is not an employee of Reunion or any Parent Corporation or Subsidiary
                                            Corporation of Reunion; or (ii) owns securities possessing more than 10% of the total
                                            combined voting power of all classes of securities of Reunion or any Parent Corporation or
                                            Subsidiary Corporation of Reunion, except that with respect to provision (ii) hereof,
                                            such an Option may be granted to an employee if, at the time the Option is granted, the Option
                                            Price is at least 110% of the Fair Market Value of the Optioned Shares, and the Option by
                                            its terms is not exercisable after the expiration of five years from the applicable Grant
                                            Date.



 


	(b)	To the
                                            extent that the aggregate Fair Market Value of the Common Shares with respect to which Incentive
                                            Stock Options (without regard to this Section 4.2(b)) are exercisable for the first
                                            time by any individual during any calendar year (under all plans of Reunion or any Parent
                                            Corporation or Subsidiary Corporation of Reunion) exceeds US$100,000 (such Fair Market Value
                                            to be determined as of the Grant Date of the respective Incentive Stock Options), such Options
                                            will be treated as Non-Qualified Stock Options. This Section 4.2(b) will be applied
                                            by taking Options into account in the order in which they were granted. If some but not all
                                            Options granted on any one day are subject to this Section 4.2(b), then such Options
                                            will be apportioned between Incentive Stock Option and Non-Qualified Stock Option treatment
                                            in such manner as the Board will determine.



 


	(c)	No Incentive
                                            Stock Option shall be granted more than 10 years from the date the Plan is adopted or the
                                            date the Plan is approved by shareholders, whichever is earlier. Notwithstanding that the
                                            Plan shall be effective when adopted by the Board, no Incentive Stock Option granted under
                                            the Plan may be exercised until the Plan is approved by Reunion’s shareholders, and
                                            if such approval is not obtained within 12 months after the date of the Board’s adoption
                                            of the Plan, then all Incentive Stock Options previously granted shall terminate for no consideration
                                            and shall cease to be outstanding, and, further, the Board shall obtain shareholder approval
                                            within 12 months before or after any material amendment to the Plan (including any increase
                                            in the total number of Common Shares that may be issued as Incentive Stock Options under
                                            the Plan or any change in the class of employees eligible to receive Incentive Stock Options
                                            under the Plan).



 


	(d)	Disability
                                            of a holder of an Incentive Stock Option means “permanent and total disability”
                                            as defined under Section 22(e)(3) of the Code. If the holder of an Incentive Stock
                                            Option ceases to be employed by Reunion and all applicable Parent Corporations and Subsidiary
                                            Corporations other than by reason of death, his or her Incentive Stock Options shall be eligible
                                            for treatment as such only if exercised (i) no later than 12 months following such termination
                                            if due to Disability or (ii) no later than three months following such termination if
                                            due to any other reason. By accepting an Option granted as an Incentive Stock Option under
                                            this Plan, a U.S. Taxpayer agrees to notify Reunion in writing promptly after the U.S. Taxpayer
                                            disposes of any Common Shares acquired pursuant to the exercise of such Option if the disposition
                                            occurs on or before the later of (A) the second anniversary of the grant date and (B) the
                                            first anniversary of the exercise of the Option (or the first anniversary of the date of
                                            vesting of such Option-acquired Common Shares, if initially subject to a substantial risk
                                            of forfeiture), such notification to include the date and terms
of the disposition and such other information as Reunion may reasonably require. The following shall be prohibited with respect to an
Incentive Stock Option absent disclosure of potential United States federal income tax consequences to the Participant affected thereby:
(i) Net Exercise (pursuant to Section 6.4 hereof); (ii) exercise while unvested; and (iii) modification of an outstanding
Incentive Stock Option in such a manner as would provide an additional benefit to the holder, including a reduction of the Exercise Price
or extension of the Option expiration date.



 






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4.3          Option
Agreement.


 


Each Option granted
by the Board shall be evidenced by an Option Agreement between the Participant and Reunion in the form attached as Schedule A or such
other form(s) as may be approved by the Board from time to time. Each Option Agreement shall specify the number of Optioned Shares,
the Option Price, and the terms and conditions of the Option as specified in the Grant Resolution.


 


4.4          Option
Price.


 


The Option Price per Optioned Share
at the time any Option is granted shall be the greater of:


 


	(a)	the Fair Market
                                            Value of the Common Shares on the Grant Date; and



 


	(b)	the closing
                                            price of the Common Shares on the Exchange on the Grant Date, if applicable;



 


provided,
that in the case of a U.S. Taxpayer, the minimum Option Price of a Stock Option must not be less than the Fair Market Value of the Common
Shares subject to the Stock Option (or such greater amount required under Section 4.2(a) hereof).


 


4.5          Prohibition
on Transfer, Assignment or Pledge of Options.


 


Options are personal
to the Participant. No Participant may deal with any Option or any interest in it or transfer or assign any Option held by the Participant,
except in the event of death or incapacity, where an Option may be transferred to the Participant’s heirs, executors, administrators,
trustees, personal legal representatives or the like, subject to all the terms of the Plan and applicable Option Agreement, which shall
be binding upon them; provided, that an Incentive Stock Option shall not be transferable by a Participant otherwise than by will or the
laws of descent and distribution, and may be exercised during the Participant’s lifetime only by the Participant. A purported transfer
or assignment of any Option in any other circumstances will not be valid, and Reunion will not issue any Common Shares upon the attempted
exercise of any such improperly transferred or assigned Option. A Participant may not mortgage, hypothecate, pledge or grant a security
interest in any Option.


 


ARTICLE 5 - VESTING
OF OPTIONS


 


5.1          Vesting
Specified in the Option Agreement.


 


The Option
Agreement shall specify the date or dates upon which a Participant’s right to purchase the Optioned Shares shall vest
(including subject to the attainment of certain financial results or other performance criteria). The Board shall have the
discretion to provide for early vesting of any Option or Options.


 






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ARTICLE 6 - EXERCISE
OF OPTIONS


 


6.1          Exercise
of Options.


 


Options shall be
exercisable in the manner determined in the Grant Resolution and set forth in the Option Agreement (subject to acceleration by the Board)
as to all or any lesser number of the Optioned Shares in respect of which the Participant’s right to purchase Optioned Shares has
vested.


 


6.2          Exercise
Procedure.


 


Options shall be
exercised by written notice to Reunion specifying the number of Optioned Shares in respect of which such Option is then being exercised
(Notice), and such Notice shall include payment in full of the applicable Option Price and any Applicable Withholding Taxes by way of
cash or by certified cheque, bank draft, money order or wire transfer payable to Field Trip or by such other means as may be specified
from time to time by Reunion.


 


Subject to the
approval of the Board, a Participant may exercise any Option on a cashless basis. In such event, a Participant may file a Notice in a
form satisfactory to Reunion and elect to surrender a number of vested Options in exchange for an amount equal to (i) the aggregate
Fair Market Value of the Optioned Shares underlying the vested Options being surrendered, minus (ii) the aggregate of the Option
Price of the Optioned Shares underlying the vested Options being surrendered and any Applicable Withholding Taxes. Reunion shall satisfy
the payment of such amount by issuing to the Participant such number of Common Shares (rounded down to the nearest whole number) with
an aggregate Fair Market Value equal to such amount. Employees in the United States are hereby notified that utilizing the cashless exercise
feature may result in negative tax consequences for both Incentive Stock Options and Non-Qualified Stock Options.


 


Subject to the
approval of the Board, a Participant may exercise any Option pursuant to a broker-assisted cashless exercise, whereby the Participant
shall elect on the Notice to receive:


 


		(a)	an amount
                                            in cash equal to the cash proceeds realized upon the sale in the capital markets of the Common
                                            Shares underlying the Options by a securities dealer designated by Reunion, less the aggregate
                                            Option Price, any Applicable Withholding Taxes, and any transfer costs charged by the securities
                                            dealer to sell the Common Shares;



 


		(b)	an aggregate
                                            number of Common Shares that is equal to the number of Common Shares underlying the Options
                                            minus the number of Common Shares sold in the capital markets by a securities dealer designated
                                            by Reunion as required to realize cash proceeds equal to the aggregate Option Price, any
                                            Applicable Withholding Taxes and any transfer costs charged by the securities dealer to sell
                                            the Common Shares; or



 


		(c)	a combination
                                            of (a) and (b).



 






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6.3          Issuance
of Shares.


 


Following the exercise
of the Option, Reunion shall take all actions necessary to issue fully paid and non-assessable Optioned Shares to the Participant, following
which the Participant shall have no further rights, title or interest with respect to such Option. The obligation of Reunion to issue
and deliver any Common Shares in accordance with this Plan shall be subject to any necessary approval of any stock exchange or regulatory
authority having jurisdiction over the securities of Reunion. If any Common Shares cannot be issued to any Participant upon the exercise
of an Option by reason of any stock exchange or regulatory authority, the obligation of Reunion to issue such Common Shares shall terminate,
and any Option Price paid to Reunion in respect of the exercise of such Option shall be returned to the Participant.


 


ARTICLE 7 - EXPIRATION
AND TERMINATION OF OPTIONS


 


7.1          Expiry
of Options.


 


The Board will,
at the time the Option is granted, determine the date(s) upon which an Option will expire, which date(s) cannot be greater
than 10 years from the Grant Date. On the expiry of an Option, the Option will be null, void and of no effect. Notwithstanding
the foregoing, if the expiration date of an Option falls within a Blackout Period or within ten days after a Blackout Period Expiry Date,
the expiration date of the Option will be the date which is ten business days after the Blackout Period Expiry Date (Blackout Extension
Date); provided that the Blackout Extension Date shall be available (a) only when the Blackout Period is self-imposed by Reunion,
and (b) to all Participants under the Plan, under the same terms and conditions; provided further that application of the foregoing
extension shall limited in the case of a U.S. Taxpayer to the minimum extent necessary to comply with the requirements of Code Sections
409A, 422, 434, as applicable. For greater certainty, the Board does not have discretion to extend
the Blackout Extension Date beyond ten business days after the Blackout Period Expiry Date.


 


7.2          Termination.


 


Options that are
not vested as of the Participant’s Termination Date for any reason shall automatically terminate on the Termination Date, and,
except as may be required to comply with the minimum requirements of applicable employment standards legislation, no amount shall be
payable to the Participant in respect thereof as compensation, damages or otherwise, including on account of severance, payment in lieu
of notice or damages for wrongful dismissal.


 


In the event a
Participant ceases to be an Employee, Director or Consultant other than as a result of a termination for Cause or the
Participant’s death, then unless otherwise provided in the Grant Resolution, the Participant may, within 90 days after the
Participant’s Termination Date, or such shorter period as is remaining in the term of the Options, exercise the
Participant’s vested Options in accordance with Article 6. At the end of such 90-day period or such shorter period as is
remaining in the term of the Options, the unexercised Options shall automatically terminate, be forfeited for no consideration and
be of no further force or effect and, except as may be required to comply with the minimum requirements of applicable employment
standards legislation, no amount shall be payable to the Participant in respect thereof as compensation, damages or otherwise,
including on account of severance, payment in lieu of notice or damages for wrongful dismissal.


 






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In the event a
Participant ceases to be an Employee, Director, or Consultant as a result of the Participant’s death, then unless otherwise provided
in the Grant Resolution, the legal representative of the Participant’s estate may, within one year after the Participant’s
Termination Date, or such shorter period as is remaining in the term of the Options, exercise the Participant’s vested Options
in accordance with Article 6. At the end of such one -year period or such shorter period as is remaining in the term of the Options,
the unexercised Options shall automatically terminate, be forfeited for no consideration and be of no further force or effect and, except
as may be required to comply with the minimum requirements of applicable employment standards legislation, no amount shall be payable
to the Participant’s estate in respect thereof as compensation, damages or otherwise.


 


In the event a
Participant ceases to be an Employee, Director, or Consultant as a result of being terminated for Cause, all Options that are held by
such Participant, whether vested or unvested, shall automatically terminate on the Termination Date, and, except as may be required to
comply with the minimum requirements of applicable employment standards legislation, no amount shall be payable to the Participant in
respect thereof as compensation, damages or otherwise, including on account of severance, payment in lieu of notice or damages for wrongful
dismissal.


 


The
Plan may take away or limit a Participant’s common or civil law rights, as applicable, to Options, Common Shares and payments hereunder
and any common or civil law rights, as applicable, to damages as compensation for the loss, or continued vesting, of Options, Common
Shares or payments during any reasonable notice period. Any applicable severance period or reasonable notice period shall not be considered
a period of employment or engagement for the purposes of a Participant’s rights under the Plan.


 


ARTICLE 8 –
GRANT OF SHARE UNITS AND RIGHTS OF PARTICIPANT


 


8.1           Grant
of RSUs or PSUs.


 


The
Board may, at any time and from time to time, grant RSUs or PSUs to such Employees and Consultants, and RSUs to such Directors, in each
case as it may select, subject to the provisions of this Plan, and provided that the total number of Common Shares acquired upon settlement
of RSUs and PSUs shall not at any time exceed the maximum set forth in Section 3.1. The grant of an RSU or PSU to a Participant
at any time shall neither entitle such Participant to receive, nor preclude such Participant from receiving, a subsequent grant of an
RSU or PSU.


 


The Board shall
make all necessary or desirable determinations regarding the granting of RSUs and PSUs and may take into consideration the present and
potential contributions of a particular Employee, Director (in the case of RSUs only) or Consultant to the success of Reunion and its
Affiliates and any other factors which it may deem proper and relevant.


 


Each RSU and
PSU granted by the Board shall be evidenced by an RSU Agreement or PSU Agreement, as applicable. Unless otherwise provided in the
applicable Award Agreement, RSUs and PSUs granted to a Participant shall be awarded solely in respect of services provided by such
Participant in the calendar year in which the Grant Date occurs. In all cases, the RSUs and PSUs shall be in addition to, and not in
substitution for or in lieu of, ordinary salary and wages payable to a Participant in respect of his or her services to his or her
Employer.


 






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		8.2	Dividend
Share Units.



 


When regular
dividends (other than stock dividends) are paid on Common Shares, additional Share Units (Dividend Share Units) shall be credited to a
Participant’s Share Unit Account as of the dividend payment date. The number of Dividend Share Units to be credited to the Participant’s
Share Unit Account shall be determined by multiplying the aggregate number of Share Units held by the Participant on the relevant record
date by the amount of the dividend paid by Reunion on each Common Share, and dividing the result by the Fair Market Value on the dividend
payment date, which Dividend Share Units shall be in the form of RSUs or PSUs, as applicable. Dividend Share Units credited to a Participant’s
Share Unit Account in accordance with this Section 8.2 shall be subject to the same vesting and settlement conditions applicable
to the related RSUs or PSUs.


 


		8.3	Share
Unit Accounts.



 


An account, called
a “Share Unit Account”, shall be maintained by Reunion or a third-party administrator for each Participant and will be credited
with such grants of RSUs, PSUs or Dividend Share Units as are received by the Participant from time to time. Share Units that fail to
vest or that are settled in accordance with Section 10.1 shall be cancelled and shall cease to be recorded in the Participant’s
Share Unit Account as of the date on which such Share Units are forfeited or cancelled under the Plan or are settled, as the case may
be. Where a Participant has been granted one or more RSUs or PSUs, such RSUs and PSUs (and related Dividend Share Units) shall be recorded
separately in the Participant’s Share Unit Account. Reunion shall be permitted, in its sole and absolute discretion, to settle any
Dividend Share Units issued under this Plan in cash. Any cash payments made under this Section 8.3 to a Participant in respect of
Dividend Share Units shall be calculated by multiplying the number of Dividend Share Units to be redeemed for cash by the Fair Market
Value per Common Share as at the settlement date.


 


ARTICLE 9 – VESTING AND OTHER TERMS OF SHARE
UNITS


 


		9.1	Vesting
and Other Terms Specified in the RSU Agreement.



 


Each RSU Agreement shall set forth: (i) the
Grant Date of the RSUs; (ii) the number of RSUs subject to such Award; and (iii) the applicable vesting schedule, and may specify
such other terms and conditions consistent with the terms of the Plan as the Board shall determine or as shall be required under any other
provision of the Plan. The Board shall have the discretion to provide for early vesting of any RSU provided that, and except as provided
in Sections 11.1 and 12.1 no RSUs issued to a Participant may vest before the date that is one year following the date they are granted.


 


		9.2	Vesting
and Other Terms Specified in the PSU Agreement.



 


Each PSU Agreement shall set forth:
(i) the Grant Date of the PSUs; (ii) the number of PSUs subject to such Award; (iii) the applicable vesting schedule;
and (iv) any applicable Performance Vesting Conditions and Performance Period and may specify such other terms and conditions
consistent with the terms of the Plan as the Board shall determine or as shall be required under any other provision of the Plan.
The Board shall have the discretion to provide for early vesting of any PSU provided that, and except as provided in Sections 11.1
and 12.1, no PSUs issued to a Participant may vest before the date that is one year following the date they are granted.


 






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ARTICLE 10 – SETTLEMENT OF SHARE UNITS


 


		10.1	Settlement
of Share Units.



 


On or as soon as practicable following the vesting
date of a Share Unit, subject to Section 15.11, Reunion shall issue from treasury the number of Common Shares that is equal to the
number of vested Share Units held by the Participant as at the vesting date (rounded down to the nearest whole number), as fully paid
and non-assessable Common Shares (net of Common Shares withheld to satisfy any Applicable Withholding Taxes). Upon settlement of such
Share Units, the corresponding number of Share Units credited to the Participant’s Share Unit Account shall be cancelled and the
Participant shall have no further rights, title or interest with respect thereto.


 


For further clarity, with respect to a Share Unit
held by a U.S. Taxpayer, settlement shall occur within 90 days following the vesting date originally specified in the Award Agreement,
pursuant to which such Share Unit was granted.


 


ARTICLE 11 – TERMINATION OF SHARE UNITS


 


		11.1	Termination.



 


In the event a Participant ceases to be an Employee,
Director or Consultant other than as a result of death or disability, Share Units that are not vested as of the Participant’s Termination
Date for any reason shall automatically terminate on the Termination Date, and, except as may be required to comply with the minimum
requirements of applicable employment standards legislation, no amount shall be payable to the Participant in respect thereof as compensation,
damages or otherwise, including on account of severance, payment in lieu of notice or damages for wrongful dismissal.


 


In the event a Participant ceases to be an Employee,
Director or Consultant as a result of death or disability, Share Units that are not vested as of the Participant’s Termination Date
shall be deemed to vest on the Termination Date: (i) in the case of RSUs, in the proportion that the time a Participant was an Employee,
Director or Consultant during the particular vesting period, as provided in the applicable RSU Agreement, is of the entire time of the
particular vesting period, as provided in the applicable RSU Agreement; and (ii) in the case of PSUs, in the same proportion that
Performance Vesting Conditions in respect of a particular Performance Period have been achieved by the Employee or Consultant, as the
case may be, is of all of the Performance Vesting Conditions in respect of a particular Performance Period, as provided in the applicable
PSU Agreement. For further clarity, with respect to a Share Unit held by a U.S. Taxpayer, the foregoing acceleration shall apply in the
event of such U.S. Taxpayer’s separation from service (for purposes of Code Section 409A) due to death or disability, and any
Share Units that accelerate shall be paid within 90 days following such separation from service.


 






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In the event a Participant ceases to be an Employee, Director or
Consultant other than as a result of a termination for Cause, then any vested Share Units in the Participant’s Share Unit
Account on the Participant’s Termination Date shall be settled as soon as practicable following the Termination Date in
accordance with Section 10.1. For further clarity, with respect to a Share Unit held by a U.S. Taxpayer, (i) if such Share
Unit vested in the ordinary course, settlement shall occur within 90 days following the vesting date originally specified in the
Award Agreement pursuant to which such Share Unit was granted, and (ii) if the vesting of such Share Unit was accelerated by
the Board no later than the U.S. Taxpayer’s separation from service, settlement shall occur within 90 days following such
separation from service.


 


In the event a Participant ceases to be an Employee,
Director or Consultant as a result of being terminated for Cause, all Share Units that are held by such Participant, whether vested or
unvested, shall automatically terminate on the Termination Date, and, except as may be required to comply with the minimum requirements
of applicable employment standards legislation, no amount shall be payable to the Participant in respect thereof as compensation, damages
or otherwise, including on account of severance, payment in lieu of notice or damages for wrongful dismissal.


 


The Plan may
take away or limit a Participant’s common or civil law rights, as applicable, to Share Units and Common Shares and any common or
civil law rights, as applicable, to damages as compensation for the loss, or continued vesting, of Share Units and Common Shares during
any reasonable notice period. Any applicable severance period or reasonable notice period shall not be considered a period of employment
or engagement for the purposes of a Participant’s rights under the Plan.


 


ARTICLE 12 - CHANGE IN CONTROL


 


		12.1	Change
in Control.



 


In the event of a Change in Control, except as
otherwise provided in the Grant Resolution, the Board shall provide for the treatment of each outstanding Award as it determines in its
sole discretion, which treatment need not be uniform for all Participants and/or Awards and which may include, without limitation, one
or more of the following:


 


		(a)	(i) continuation of such Awards or (ii) conversion of such Awards into, or substitution or replacement of such Awards with,
an award with respect to shares of the successor corporation (or a parent or subsidiary thereof) with substantially equivalent terms and
value as such Awards (which value as of immediately following such Change in Control shall not exceed the Intrinsic Value of any such
Option as of immediately prior to such Change in Control), effected in accordance with Code Sections 409A and 424 to the extent applicable
(and any such continued, assumed, substituted or replaced Share Units shall, in the case of a U.S. Taxpayer, be paid, if ever, solely
in accordance with the schedule set forth in Sections 10.1 and 11.1 hereof); and/or



 






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		(b)	acceleration of the vesting and the right to exercise such Option or settle such Share Unit as of immediately,
or during a specified period, prior to such Change in Control, and the termination of such Option to the extent such Option is not timely
exercised (provided that the foregoing shall not apply in the case of a Share Unit held by a U.S. Taxpayer, but, rather, the last sentence of this Section 12.1(b) shall
apply). If the Change of Control is not completed within the time specified therein (as the same may be extended), the Awards which vest
pursuant to this Section 12.1(b) shall be returned by Reunion to the Participant and, if exercised or settled, as applicable,
the Common Shares issued on such exercise or settlement shall be reinstated as authorized but unissued Common Shares and the original
terms applicable to such Awards shall be reinstated, subject to the requirements of the Code in the case of a U.S. Taxpayer. However,
in lieu of the first sentence of this Section 12.1(b), the following shall apply in the case of a Share Unit held by a U.S. Taxpayer:
Solely if (i) the Change in Control is a change in control event as defined under Code Section 409A and (ii) the surviving,
successor or acquiring entity does not assume outstanding Share Units or substitute similar share units for outstanding Share Units, or
if the Board otherwise determines in its sole discretion, Reunion may terminate the Plan with respect to, and settle vested Share Units
held by, U.S. Taxpayers in accordance with Code Section 409A.



 


For purposes of the application of this Section 12.1
to any outstanding Award, if such Award is subject to performance criteria (including any Performance Vesting Conditions), the level of
attainment of such criteria shall be determined by the Board in its sole discretion, including, without limitation, by deeming such criteria
attained at the applicable target or maximum level regardless of actual performance, or measuring the attainment of such criteria based
on actual performance through such Change in Control or a specified date prior thereto.


 


ARTICLE 13 - SHAREHOLDER RIGHTS


 


		13.1	Shareholder
Rights.



 


A Participant
shall have no rights whatsoever as a shareholder in respect of any of the Optioned Shares (including any right to vote or to receive dividends
or other distributions therefrom), unless and only to the extent that the Participant shall from time to time duly exercise an Option
and become a Shareholder. Share Units shall not be considered Common Shares nor shall they entitle a Participant to any interest in or
title to any Common Shares or to exercise voting rights or any other rights attaching to the Common Shares.


 


ARTICLE 14 - CERTAIN ADJUSTMENTS


 


		14.1	Adjustment
in the Number of Shares.



 


In the event of any corporate event or
transaction involving Reunion or an Affiliate (including, but not limited to, a change in the Common Shares of Reunion or the
capitalization of Reunion), such as a merger, consolidation, reorganization, recapitalization, separation, stock dividend, stock
split, reverse stock split, split-up, spin-off, combination of shares, exchange of shares, dividend in kind, extraordinary cash
dividend, amalgamation or other like change in capital structure (other than normal cash dividends to shareholders of Reunion), or
any similar corporate event or transaction, the Board, to prevent dilution or enlargement of Participants’ rights under the
Plan, shall substitute or adjust, in its sole discretion: (i) the number and kind of shares or other securities that may be
granted pursuant to Awards; (ii) the number and kind of shares or other securities subject to outstanding Awards;
(iii) the Option Price applicable to outstanding Options; (iv) the number of Share Units in the Participants’ Share
Unit Accounts; (v) the vesting of PSUs; and/or (vi) other value determinations (including performance conditions)
applicable to the Plan or outstanding Awards; provided, however, that no adjustment will obligate Reunion to issue or sell
fractional securities. All adjustments shall be made in good faith compliance with paragraph 7(1.4)(c) of the Act, Code
Section 409A and/or Code Section 424, as applicable. For the avoidance of doubt, the purchase of Common Shares or other
equity securities of Reunion by a shareholder of Reunion or by any third party from Reunion shall not constitute a corporate event
or transaction giving rise to an adjustment pursuant to this Section 14.1.


 






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ARTICLE 15 - GENERAL


 


		15.1	Notice.



 


Any notice required or permitted to be given hereunder
shall be in writing and shall be deemed to have been duly given if delivered by hand or telecopied and addressed to the recipient, and
if to Reunion, at its principal office, and if to the Participant, at the address indicated in the Award Agreement or at the Participant’s
last known address shown in the records of Reunion or any Affiliate. It is the responsibility of the Participant to advise Reunion of
any change in address, and neither Reunion nor any Affiliate shall have any responsibility for any failure by the Participant to do so.
Any Participant may change his or her address from time to time by notice in writing to Reunion. Reunion shall give written notice to
each Participant of any change of Reunion’s address. Any such notice shall be effective, if delivered, on the date of delivery and,
if sent by facsimile, on the day following receipt of the facsimile.


 


		15.2	No
Special Rights.



 


No Participant shall be induced to acquire, settle,
or exercise Awards by expectation of employment, engagement or service or continued employment, engagement, or service. Nothing contained
in the Plan or by the grant of any Awards shall confer upon any Participant any right with respect to employment, engagement, or service
or in continuance of employment, engagement or service with Reunion or any of its Affiliates or interfere in any way with the right of
Reunion or any of its Affiliates to terminate a Participant’s employment, engagement or service at any time. Nothing in this Plan
may be construed to provide any Participant with any rights whatsoever to compensation or damages in lieu of notice or continued participation
in, or entitlements under, the Plan as a consequence of a Participant’s termination of employment or service (regardless of the
reason for the termination and the party causing the termination, including a termination without Cause) . The Plan does not give any
Participant any right to claim any benefit or compensation except to the extent specifically provided in the Plan. Participation in the
Plan by a Participant shall be voluntary.


 


		15.3	Other
Employee Benefits.



 


The amount of any compensation received or deemed
to be received by a Participant as a result of his or her participation in the Plan will not constitute compensation, earnings or wages
with respect to which any other employee benefits of that Participant are determined, including, without limitation, benefits under any
bonus, pension, profit-sharing, insurance, termination, severance or salary continuation plan or any other employee benefit plans, nor
under any applicable employment standards or other legislation, except as otherwise specifically determined by the Board.


 






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		15.4	Amendment.



 


The Board may amend or suspend any provision of
the Plan or any Award or Award Agreement, or terminate this Plan, at any time without approval of security holders, subject to those provisions
of applicable law and the rules, regulations and policies of the Exchange, if any, that require the approval of security holders or any
governmental or regulatory body regardless of whether any such amendment or suspension is material, fundamental or otherwise, and notwithstanding
any rule of common law or equity to the contrary. However, except as expressly set forth herein, including in Section 15.7 and
Section 15.11(b), or as required pursuant to applicable law, no action of the Board or security holders may materially adversely
alter or impair the rights of a Participant under any Award previously granted to the Participant without the consent of the affected
Participant.


 


		(a)	Without limiting the generality of the foregoing, the Board may make the following types of amendments
to this Plan or any Award without seeking security holder approval:



 


		i.	amendments of a “housekeeping” or administrative nature, including any amendment for the purpose
of curing any ambiguity, error or omission in this Plan or any Award or to correct or supplement any provision of this Plan or any Award
that is inconsistent with any other provision of this Plan or any Award;



 


		ii.	amendments necessary to comply with the provisions of applicable law or the rules, regulations and policies
of any stock exchange on which the Common Shares are listed;



 


		iii.	amendments necessary for Awards to qualify for favourable treatment under applicable tax laws;



 


		iv.	amendments to the vesting provisions of this Plan or any Award;



 


		v.	amendments to include or modify a cashless exercise feature, payable in cash or Common Shares;



 


		vi.	amendments to the termination or early termination provisions of this Plan or any Award, whether or not
such Award is held by an Insider, provided such amendment does not entail an extension beyond the original expiry date of an Option; and



 


		vii.	amendments necessary to suspend or terminate this Plan.



 








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		(b)	Shareholder approval will be required for the following types of amendments:



 


		i.	any amendment to increase the maximum number of Common Shares issuable under this Plan, other than pursuant
to Section 14.1;



 


		ii.	any amendment which reduces the Option Price of an Option or that would be treated as a “repricing”
under the then-applicable rules, regulations or listing requirements adopted by the exchange(s) on which the Common Shares are then
listed, in each case, other than pursuant to Sections 14.1;



 


		iii.	any amendment extending the term of an Option beyond the original expiry date, except as provided in Section 7.1;



 


		iv.	any amendment which deletes or reduces the range of amendments which require approval by the Shareholders
of Reunion under this Section 15.4;



 


		v.	any amendment that would permit the introduction or reintroduction of non-employee directors as eligible
Participants on a discretionary basis or any amendment that increases the limits previously imposed on non-employee director participation;



 


		vi.	any amendment which would allow for the transfer or assignment of Awards under this Plan, other than for
normal estate settlement purposes; and



 


		vii.	amendments required to be approved by Shareholders under applicable law or the rules, regulations, and
policies of any stock exchange on which the Common Shares are listed.



 


		15.5	No Undertaking or Representation; No Constraint on Corporate Action.



 


Each Participant, by participating in the Plan
and upon executing an Award Agreement, shall be deemed to have accepted all risks associated with acquiring Common Shares (including Optioned
Shares) pursuant to the Plan. Reunion hereby informs each Participant that the Awards and the Common Shares (including Optioned Shares)
are subject to, and may be required to be held indefinitely under, applicable securities laws. Reunion, its Affiliates and the Board make
no undertaking, representation, warranty or guarantee as to the future value or price, or as to the listing on any stock exchange or other
market, of any Common Shares issued in accordance with the provisions of the Plan, and shall not be liable to any Participant for any
loss whatsoever resulting from that Participant’s participation in the Plan or as a result of the amendment, suspension or termination
of the Plan or any Award.


 






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Nothing herein shall be construed to
(i) limit, impair or otherwise affect Reunion’s right or power to make adjustments, reclassifications, reorganizations or
changes of or to its capital or business structure or to merge or consolidate, or dissolve, liquidate, sell or transfer all or any
part of its business or assets; or (ii) limit the right or power of Reunion to take any action that it deems to be necessary or
appropriate.


 


		15.6	Applicable
Law.



 


This Plan and
the provisions hereof shall be governed by and interpreted and enforced in accordance with the laws of the Province of Ontario and the
federal laws of Canada applicable therein.


 


		15.7	Compliance
with Applicable Law.



 


If any provision of the Plan or any Award contravenes
any law or any order, policy, by-law, rule or regulation of any regulatory body or stock exchange having jurisdiction or authority
over the securities of Reunion or its Affiliates or the Plan, then such provision may in the sole discretion of the Board be amended to
the extent considered necessary or desirable to bring such provision into compliance therewith, and appropriate consideration shall be
paid by Reunion to the extent that a Participant is adversely affected by such amendment.


 


Notwithstanding any other provision in this Plan,
Reunion will have no obligation to issue or deliver Common Shares under this Plan prior to: (a) obtaining any approvals from such
governmental agencies that Reunion determines are necessary or advisable and/or (b) completion of any registration or other qualification
of such Common Shares under any U.S. or Canadian provincial, state or federal law or any foreign law or ruling of any governmental body
that Reunion determines to be necessary or advisable. Reunion will be under no obligation to register the Common Shares or to effect compliance
with the registration, qualification or listing requirements of any U.S. or Canadian provincial, state or federal securities laws, foreign
securities laws, or stock exchange or automated quotation system, and Reunion will have no liability for any inability or failure to do
so.


 


		15.8	Unfunded
Plan.



 


This Plan is
unfunded. To the extent any individual holds any rights under the Plan, such rights (unless otherwise determined by the Board) are no
greater than the rights of a general unsecured creditor of Reunion. The Plan is not subject to the U.S. Employee Retirement Income Security
Act of 1974, as amended.


 


		15.9	Priority
of Agreements.



 


In the event of any inconsistency or conflict
between the provisions of the Plan and any Award Agreement, the provisions of the Plan shall prevail. Unless otherwise provided herein,
in the event of any inconsistency or conflict between the provisions of the Plan or any Award Agreement, on the one hand, and a Participant’s
employment or service agreement with Reunion or its Affiliate, on the other hand, the provisions of the employment or service agreement
shall prevail.


 






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		15.10	Successors and Assigns.



 


The Plan shall be binding on all successors and assigns of
Reunion and each Participant, including without limitation, the legal representative of a Participant, or any receiver or trustee in
bankruptcy or representative of the creditors of Reunion or a Participant.


 


		15.11	Tax Consequences.



 


		(a)	It is the responsibility of the Participant to complete and file any tax returns which may be required
under any applicable tax laws within the periods specified in those laws as a result of the Participant’s participation in the Plan.
Reunion shall not be held responsible for any tax consequences to the Participant as a result of the Participant’s participation
in the Plan. Notwithstanding any other provision of this Plan, a Participant shall be solely responsible for all Applicable Withholding
Taxes resulting from his or her receipt of Common Shares or other property pursuant to this Plan. The exercise of each Option and the
settlement of each Share Unit granted under the Plan is subject to the condition that if at any time Reunion determines, in its discretion,
that the satisfaction of any Applicable Withholding Taxes is required under applicable law in respect of such exercise or settlement,
such exercise or settlement is not effective unless such withholding has been affected to the satisfaction of Reunion. In connection with
the issuance of Common Shares or other property pursuant to the Plan or any other taxable event, Reunion may require a Participant to:
(i) pay to Reunion sufficient cash as is reasonably determined by Reunion to be the amount necessary to permit the required tax remittance
to the relevant taxing authority; (ii) authorize a securities dealer designated by Reunion to sell in the capital markets, on behalf
of the Participant, a portion of the Common Shares issued hereunder to realize cash proceeds to be used to satisfy the Applicable Withholding
Taxes; (iii) elect to surrender, subject to the prior consent of Reunion, such number of vested Share Units to Reunion for an amount
which shall be used to satisfy the Applicable Withholding Taxes, provided, that the number of vested Share Units that may be surrendered
shall be equal to the Applicable Withholding Taxes divided by the Fair Market Value of a Common Share on the applicable date (rounded
up to the nearest whole Common Share); or (iv) make other arrangements acceptable to Reunion to fund the Applicable Withholding Taxes.



 






    	Reunion Equity Compensation Plan (August 2022)	Page 22 of 34



     


    

 


		(b)	Each Award granted to or held while a U.S. Taxpayer is intended
to be compliant with or exempt from Code Section 409A, and this Plan and all Option Agreements entered into with U.S. Taxpayers
hereunder shall be construed and interpreted consistent with such intent, and any provisions that cannot be so construed or interpreted
shall be disregarded. Notwithstanding the foregoing, to the extent that any Award granted to a U.S. Taxpayer is determined to constitute
 “nonqualified deferred compensation” within the meaning of Code Section 409A, such Award will be subject to such additional
rules and requirements as specified by the Board from time to time in order to comply with Code Section 409A. If any provision
of the Plan contravenes Code Section 409A or could cause the U.S. Taxpayer to incur any tax, interest or penalties under Code Section 409A,
the Board may, in its sole discretion and without the U.S. Taxpayer’s consent, modify such provision to: (i) comply with,
or avoid being subject to, Code Section 409A, or to avoid the incurrence of taxes, interest and penalties under Code Section 409A;
and/or (ii) maintain, to the maximum extent practicable, the original intent and economic benefit to the U.S. Taxpayer of the applicable
provision without materially increasing the cost to Reunion or contravening Code Section 409A. However, Reunion will have no obligation
to modify the Plan or any Award and does not guarantee that Awards will not be subject to taxes, interest and penalties under Code Section 409A,
and neither Reunion nor any of its Affiliates shall be liable for any taxes, penalties or interest that may be imposed on a Participant
under Section 409A or for any damages for failing to comply with or be exempt from Code Section 409A. A Non-Qualified Stock
Option shall not be granted to a U.S. Taxpayer unless the Common Shares constitute “service recipient stock” with respect
to such U.S. Taxpayer within the meaning of Code Section 409A. Any action otherwise contemplated under the Plan shall, with respect
to an Award held by a U.S. Taxpayer, be so taken solely to the extent permitted under, and in good-faith compliance with, Code Sections
409A, 422 and 424, and any payments or other consideration otherwise payable under the Plan in respect of an Award in connection with
a Change in Control shall, in the case of an Award held by a U.S. Taxpayer, be limited, accelerated or delayed, as applicable, to the
minimum extent necessary to avoid taxation under Code Section 409A. In the case of an Award subject to Code Section 409A, all
payments to be made upon (or on a timeline determined by reference to) a U.S. Taxpayer’s termination date shall only be made upon
a “separation from service” as defined under Code Section 409A, and "Termination Date", “termination,”
 “termination of employment” and like terms will be construed accordingly. If on the date of the U.S. Taxpayer’s separation
from service Reunion’s Common Shares (or stock of any other company that is required to be aggregated with Reunion in accordance
with the requirements of Code Section 409A) are publicly traded on an established securities market or otherwise and the U.S. Taxpayer
is a “specified employee” for purposes of Code Section 409A, then the benefits payable to the U.S. Taxpayer under the
Plan due to the U.S. Taxpayer’s separation from service shall be postponed until the later of the originally scheduled payment
date and six months following the U.S. Taxpayer’s separation from service. Any postponed amount shall be paid to the U.S. Taxpayer
in a lump sum within 30 days after the later of the originally scheduled payment date and the date that is six months following the U.S.
Taxpayer’s separation from service. If the U.S. Taxpayer dies during such six-month period and prior to the payment of the postponed
amounts hereunder, the amounts delayed on account of Code Section 409A shall be paid to the U.S. Taxpayer’s estate within
60 days following the U.S. Taxpayer’s death. With respect to U.S. Taxpayers, the acceleration or delay of the time or schedule
of any vesting or payment under the Plan that is subject to (or would make an Award subject to) Code Section 409A is prohibited
except as provided in regulations and administrative guidance promulgated under Code Section 409A.



 


		(c)	The Company and the Board make no guarantees regarding, and shall have no liability to any person in connection
with, the tax treatment of any Awards or Common Shares or payments in respect thereof, including their taxation, qualification or exemption
from Section 409A, 457A, 422, 424 and/or 4999 of the Code, and neither of them has any obligation to take action to prevent the assessment
of tax thereunder or otherwise.



 


		15.12	Severability.



 


If any provision of this Plan shall be determined
by any court of competent jurisdiction to be illegal, invalid or unenforceable, that provision shall be severed from this Plan and the
remaining provisions shall continue in full force and effect.


 






    	Reunion Equity Compensation Plan (August 2022)	Page 23 of 34



     


    

 


		15.13	Effective Date.



 


This Plan was effective as of August 11, 2022.


 






    	Reunion Equity Compensation Plan (August 2022)	Page 24 of 34



     


    

 


Schedule “A”


 


STOCK OPTION AGREEMENT


PURSUANT TO THE REUNION
NEUROSCIENCE INC.,


EQUITY COMPENSATION PLAN


 


This
agreement (Agreement) is effective as of g,
20 g between
Reunion Neuroscience Inc., (Reunion) and g (the
Optionee). 



 


Preliminary Statement


 



The
Board hereby grants this stock option (the “Option”) as of g
(the “Grant Date”), pursuant to the Reunion Neuroscience Inc., Equity Compensation Plan (as in effect from time to
time, the “Plan”), to purchase Optioned Shares, to the Optionee. Except as otherwise indicated, any capitalized term used
but not defined herein shall have the meaning ascribed to such term in the Plan. A copy of the Plan has been delivered to the Optionee.
By signing and returning this Agreement, the Optionee acknowledges having received and read a copy of the Plan, including the early termination
provisions set out in Article 7, and agrees to comply with it, this Agreement and all applicable laws and regulations.


 


[The Option is a Non-Qualified Stock Option and
is not intended to qualify under Code Section 422.] OR [The Option is an Incentive Stock Option and is intended to qualify
under Code Section 422.] [NTD: To insert appropriate language for grants to US taxpayers and delete for Canadian & EU taxpayers.]


 


Accordingly, the parties hereto agree as follows:


 


		1.	Contractual Arrangements. The grant of Options evidenced by this Agreement represents a
                                                            portion of g Options reserved for issuance to you upon the terms
                                                            and conditions set forth in your [employment/services] agreement dated g.
                                                            [NTD: enter correct option for employee vs. contractor]



 


		2.	Common Shares Subject to Option. Subject in all respects to the Plan and the terms and
                                                            conditions set forth herein and therein, and in consideration of services provided by the Optionee to Reunion or any of its
                                                            Affiliates, the Option entitles the Optionee to purchase from Reunion, upon exercise, g
                                                            Optioned Shares at the Option Price of $ g per
                                                            Optioned Share at the times set forth in Section 2 below. [NTD: Insert applicable exercise price per share in accordance with
                                                            Section 4.4.]



 


		3.	Vesting and Exercise. The Option shall vest and become exercisable over g  years, g 
of which will vest after g , and the remainder which will vest in
g  equal monthly installments thereafter, provided, with respect to each vesting date,
that the Optionee has not experienced a Termination Date prior to such date. There shall be no proportionate or partial vesting in the
periods prior to each applicable vesting date.



 


		4.	Option Term. The term of the Option shall be until the tenth (10th)
anniversary of the Grant Date, after which time it shall expire (the “Expiration Date”). Upon the Expiration Date, the Option
shall be canceled for no consideration and no longer be exercisable. The Option is subject to termination prior to the Expiration
Date to the extent provided in Article 7 of the Plan.



 






    	Reunion Equity Compensation Plan (August 2022)	Page 25 of 34



     


    

 


		5.	Provisions of the Plan Control. This Agreement is subject to all the terms, conditions, and provisions
of the Plan, including the amendment provisions thereof, and to such rules, regulations and interpretations relating to the Plan as may
be adopted by the Board and as may be in effect from time to time. The Plan is incorporated herein by reference. If and to the extent
that this Agreement conflicts or is inconsistent with the Plan, the Plan shall control.



 


		6.	Severability of Provisions. If any provision of this Agreement shall be held invalid or unenforceable,
such invalidity or unenforceability shall not affect any other provisions hereof, and the Agreement shall be construed and enforced as
if such provisions had not been included.



 


		7.	Governing Law. This Agreement shall be governed by and interpreted and enforced in accordance with
the laws of the Province of Ontario and the federal laws of Canada applicable therein.



 


		8.	Financial, Legal and Tax Advice. The Optionee acknowledges that he or she has had the opportunity
to consult with his or her own financial, legal and tax advisors with respect to participation in the Plan and the receipt of Options
hereunder.



 


		9.	Privacy. The Optionee agrees to provide Reunion with all information (including personal information)
required by Reunion to administer the Plan. The Optionee acknowledges that such information may be disclosed to the Board or such officers,
employees or other persons involved in the administration of the Plan and hereby consents to such disclosure.



 


		10.	Language Consent. Reunion and the Optionee acknowledge that it is their express wish that this Agreement,
as well as all documents, notices, and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly
hereto, be drawn up in English only. Consentement relatif à la langue utilisée. Les parties reconnaissent avoir exigé
que cette convention ainsi que tous les documents, avis et procédures judiciaires, éxécutés, donnés
ou intentés en vertu de, ou liés directement ou indirectement à la présente soient rédigés en
anglais uniquement.



 


**************


 


IN WITNESS WHEREOF, the parties have executed this Agreement on the
date and year first above written.


 


	 	REUNION NEUROSCIENCE INC.,
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 




 






    	Reunion Equity Compensation Plan (August 2022)	Page 26 of 34



     


    

 


I agree to the terms and conditions set out herein
and confirm and acknowledge that I have not been induced to enter into this Agreement or acquire any Option or Common Shares by expectation
of employment or engagement or continued employment or engagement with Reunion or any of its Affiliates. I confirm and acknowledge that
I have received and reviewed a copy of the Plan and that I understand and accept its terms and provisions, including the early termination
provisions set out in Article 7 of the Plan that provide that my Options may be forfeited for no consideration upon various events
of termination, including a termination with or without Cause.


 


I agree to provide Reunion with all information
(including personal information) required by Reunion to administer the Plan. I consent to Reunion and any of its Affiliates sharing and
exchanging my information held in order to administer and operate the Plan (including personal details, data relating to my participation,
salary, taxation and employment and sensitive personal data, including data relating to physical or mental health, criminal conviction
or the alleged commission of offences) (“my Information”) and providing the Board, Reunion’s and/or any of its Affiliates’
agents, officers, employees and/or third parties with my Information for the administration and operation of the Plan. I acknowledge that
the collection, processing, and transfer of my Information is important to the Plan administration and that failure to consent to same
may prohibit participation in the Plan or my receipt of the Option.


 


 





 






Optionee Signature


 


		 	 



Optionee Name (please print)


 


CHECK THE BOX BELOW, IF APPLICABLE:


 


  ̈
I am a U.S. Taxpayer, and I understand that the provisions of the Plan specific to U.S. Taxpayers and to the application of the Code
shall apply to the Option granted to me hereunder. [Without limitation, I understand that the Option is a Non-Qualified
Stock Option, no portion of which is intended to qualify as an “incentive stock option” under Code Section 422.] OR
[Without limitation, I understand that the Option is intended to qualify as an Incentive Stock Option under Code
Section 422, but, if and to the extent disqualified, will be treated as a Non-Qualified Stock Option.] [NTD: Insert
applicable language.]


 






    	Reunion Equity Compensation Plan (August 2022)	Page 27 of 34



     


    

 


Schedule “B”


 


PSU AGREEMENT


PURSUANT TO THE REUNION
NEUROSCIENCE INC.,


EQUITY COMPENSATION PLAN


 


This
agreement (Agreement) is effective as of g,
20 g  between
Reunion Neuroscience Inc. (Reunion) and g  (the
Participant).      



 


Preliminary Statement


 



The Board hereby grants this PSU (the “PSU”)
as of g  (the “Grant Date”), pursuant to the Reunion Neuroscience Inc., Equity Compensation Plan (as in effect from time
to time, the “Plan”), to the Participant. Except as otherwise indicated, any capitalized term used but not defined herein
shall have the meaning ascribed to such term in the Plan. A copy of the Plan has been delivered to the Participant. By signing and returning
this Agreement, the Participant acknowledges having received and read a copy of the Plan, including the early termination provisions set
out in Article 11, and agrees to comply with it, this Agreement and all applicable laws and regulations.


 


Accordingly, the parties hereto agree as follows:


 


		1.	Contractual Arrangements. The
                                            grant of PSUs evidenced by this Agreement represents a portion of g
                                            PSUs reserved for issuance to you upon the terms and conditions set forth in your
                                            [employment/services] agreement dated g .
                                            [NTD: enter correct option for employee vs. contractor]



 


		2.	Common Shares Subject to PSU.
                                                                                                                            Subject in all respects to the Plan and the terms and conditions set forth herein and therein, and in consideration of services
                                                                                                                            provided by the Participant to Reunion or any of its Affiliates, the PSU entitles the Participant to receive from Reunion g Common
                                                                                                                            Shares at the times set forth in Section 3 below.



 


		3.	Vesting. The
                                            PSU shall vest and become exercisable provided the following Performance Vesting Conditions
                                            are met over the period of g (the
                                            "Performance Period" 1):



 


g 


 


g 


 


g 


 


The PSU shall
vest and become exercisable as provided above, provided, with respect to each vesting date, that the Participant has not experienced a
Termination Date prior to such date, other than due to death or disability. There shall be no proportionate or partial vesting in the
periods prior to each applicable vesting date, other than in the case of termination prior to such applicable vesting date due to death
or disability.


 





 






1 Note to Draft: To review Performance Vesting Conditions
for U.S. Taxpayers to ensure that vesting date is identified with sufficient clarity.


 






    	Reunion Equity Compensation Plan (August 2022)	Page 28 of 34



     


    

 


		4.	Provisions of the Plan Control. This Agreement is subject to all the terms, conditions, and provisions
of the Plan, including the amendment provisions thereof, and to such rules, regulations and interpretations relating to the Plan as may
be adopted by the Board and as may be in effect from time to time. The Plan is incorporated herein by reference. If and to the extent
that this Agreement conflicts or is inconsistent with the Plan, the Plan shall control.



 


		5.	Severability of Provisions. If any provision of this Agreement shall be held invalid or unenforceable,
such invalidity or unenforceability shall not affect any other provisions hereof, and the Agreement shall be construed and enforced as
if such provisions had not been included.



 


		6.	Governing Law. This Agreement shall be governed by and interpreted and enforced in accordance with
the laws of the Province of Ontario and the federal laws of Canada applicable therein.



 


		7.	Financial, Legal and Tax Advice. The Participant acknowledges that he or she has had the opportunity
to consult with his or her own financial, legal and tax advisors with respect to participation in the Plan and the receipt of PSUs hereunder.



 


		8.	Privacy. The Participant agrees to provide Reunion with all information (including personal information)
required by Reunion to administer the Plan. The Participant acknowledges that such information may be disclosed to the Board, or such
officers, employees or other persons involved in the administration of the Plan and hereby consents to such disclosure.



 


		9.	Language Consent. Reunion and the Participant acknowledge that it is their express wish that this
Agreement, as well as all documents, notices, and legal proceedings entered into, given or instituted pursuant hereto or relating directly
or indirectly hereto, be drawn up in English only. Consentement relatif à la langue utilisée. Les parties reconnaissent
avoir exigé que cette convention ainsi que tous les documents, avis et procédures judiciaires, éxécutés,
donnés ou intentés en vertu de, ou liés directement ou indirectement à la présente soient rédigés
en anglais uniquement.



 


**************


 


IN WITNESS WHEREOF, the parties have executed this Agreement on the
date and year first above written.


 


	 	REUNION NEUROSCIENCE INC.,
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 




 






    	Reunion Equity Compensation Plan (August 2022)	Page 29 of 34



     


    

 


I agree to the terms and conditions set out herein
and confirm and acknowledge that I have not been induced to enter into this Agreement or acquire any PSU or Common Shares by expectation
of employment or engagement or continued employment or engagement with Reunion or any of its Affiliates. I confirm and acknowledge that
I have received and reviewed a copy of the Plan and that I understand and accept its terms and provisions, including the early termination
provisions set out in Article 11 of the Plan that provide that my PSUs may be forfeited for no consideration upon various events
of termination, including a termination with Cause.


 


I agree to provide Reunion with all information
(including personal information) required by Reunion to administer the Plan. I consent to Reunion and any of its Affiliates sharing and
exchanging my information held in order to administer and operate the Plan (including personal details, data relating to my participation,
salary, taxation and employment and sensitive personal data, including data relating to physical or mental health, criminal conviction
or the alleged commission of offences) (“my Information”) and providing the Board, Reunion’s and/or any of its Affiliates’
agents, officers, employees and/or third parties with my Information for the administration and operation of the Plan. I acknowledge that
the collection, processing, and transfer of my Information is important to the Plan administration and that failure to consent to same
may prohibit participation in the Plan or my receipt of the PSU.


 


 





 






Participant Signature


 


		 	 



Participant Name (please print)


 


CHECK THE BOX BELOW, IF APPLICABLE:


 


  ̈
I am a U.S. Taxpayer and I understand that the provisions of the Plan specific to U.S. Taxpayers and to the application of the Code
shall apply to the Share Units granted to me hereunder.


 






    	Reunion Equity Compensation Plan (August 2022)	Page 30 of 34



     


    

 


Schedule “C”


 


RSU AGREEMENT


PURSUANT TO THE REUNION
NEUROSCIENCE INC.,


EQUITY COMPENSATION PLAN


 


This
agreement (Agreement) is effective as of g,
20 g  between
Reunion Neuroscience Inc., (Reunion) and g  (the
Participant).  



 


Preliminary Statement


 



The Board hereby grants this RSU (the “RSU”)
as of g  (the “Grant Date”), pursuant to the Reunion Neuroscience Inc., Equity Compensation Plan (as in effect from time
to time, the “Plan”), to the Participant. Except as otherwise indicated, any capitalized term used but not defined herein
shall have the meaning ascribed to such term in the Plan. A copy of the Plan has been delivered to the Participant. By signing and returning
this Agreement, the Participant acknowledges having received and read a copy of the Plan, including the early termination provisions set
out in Article 11, and agrees to comply with it, this Agreement and all applicable laws and regulations.


 


Accordingly, the parties hereto agree as follows:


 


		1.	Contractual Arrangements. The grant of RSUs evidenced by this
                                                                                                 Agreement represents a portion of g
                                                                                                 RSUs reserved for issuance to you upon the terms and conditions set forth in your [employment/services] agreement dated g.
                                                                                                 [NTD: enter correct option for



 


employee vs. contractor]


 


		2.	Common Shares Subject to RSU. Subject
                                            in all respects to the Plan and the terms and conditions set forth herein and therein, and
                                            in consideration of services provided by the Participant to Reunion or any of its Affiliates,
                                            the RSU entitles the Participant to receive from Reunion g Common
                                            Shares at the times set forth in Section 3 below.



 


		3.	Vesting. The RSU shall vest and become exercisable over g  years, g  of
which will vest after g, and the remainder which will vest in g  equal
monthly installments thereafter, provided, with respect to each vesting date, that the Participant has not experienced a Termination
Date prior to such date, other than due to death or disability. There shall be no proportionate or partial vesting in the periods prior
to each applicable vesting date, other than in the case of termination prior to such applicable vesting date due to death or disability.



 


		4.	Provisions of the Plan Control. This Agreement is subject to all the terms, conditions, and provisions
of the Plan, including the amendment provisions thereof, and to such rules, regulations and interpretations relating to the Plan as may
be adopted by the Board and as may be in effect from time to time. The Plan is incorporated herein by reference. If and to the extent
that this Agreement conflicts or is inconsistent with the Plan, the Plan shall control.



 






    	Reunion Equity Compensation Plan (August 2022)	Page 31 of 34



     


    

 


		5.	Severability of Provisions. If any provision of this Agreement shall be held invalid or unenforceable, such invalidity or unenforceability
shall not affect any other provisions hereof, and the Agreement shall be construed and enforced as if such provisions had not been included.



 


		6.	Governing Law. This Agreement shall be governed by and interpreted and enforced in accordance with
the laws of the Province of Ontario and the federal laws of Canada applicable therein.



 


		7.	Financial, Legal and Tax Advice. The Participant acknowledges that he or she has had the opportunity
to consult with his or her own financial, legal and tax advisors with respect to participation in the Plan and the receipt of RSUs hereunder.



 


		8.	Privacy. The Participant agrees to provide Reunion with all information (including personal information)
required by Reunion to administer the Plan. The Participant acknowledges that such information may be disclosed to the Board, or such
officers, employees or other persons involved in the administration of the Plan and hereby consents to such disclosure.



 


		9.	Language Consent. Reunion and the Participant acknowledge that it is their express wish that this
Agreement, as well as all documents, notices, and legal proceedings entered into, given or instituted pursuant hereto or relating directly
or indirectly hereto, be drawn up in English only. Consentement relatif à la langue utilisée. Les parties reconnaissent
avoir exigé que cette convention ainsi que tous les documents, avis et procédures judiciaires, éxécutés,
donnés ou intentés en vertu de, ou liés directement ou indirectement à la présente soient rédigés
en anglais uniquement.



 


**************


 


IN WITNESS WHEREOF, the parties have executed this Agreement on the
date and year first above written.


 





	 	REUNION NEUROSCIENCE INC.,
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 






    	Reunion Equity Compensation Plan (August 2022)	Page 32 of 34



     


    

 


I agree to the terms and conditions set out herein
and confirm and acknowledge that I have not been induced to enter into this Agreement or acquire any RSU or Common Shares by expectation
of employment or engagement or continued employment or engagement with Reunion or any of its Affiliates. I confirm and acknowledge that
I have received and reviewed a copy of the Plan and that I understand and accept its terms and provisions, including the early termination
provisions set out in Article 11 of the Plan that provide that my RSUs may be forfeited for no consideration upon various events
of termination, including a termination with Cause.


 


I agree to provide Reunion with all information
(including personal information) required by Reunion to administer the Plan. I consent to Reunion and any of its Affiliates sharing and
exchanging my information held in order to administer and operate the Plan (including personal details, data relating to my participation,
salary, taxation and employment and sensitive personal data, including data relating to physical or mental health, criminal conviction
or the alleged commission of offences) (“my Information”) and providing the Board, Reunion’s and/or any of its Affiliates’
agents, officers, employees and/or third parties with my Information for the administration and operation of the Plan. I acknowledge that
the collection, processing, and transfer of my Information is important to the Plan administration and that failure to consent to same
may prohibit participation in the Plan or my receipt of the RSU.


 


 





 






Participant Signature


 


		 	 



Participant Name (please print)


 


  ̈
I am a U.S. Taxpayer and I understand that the provisions of the Plan specific to U.S. Taxpayers and to the application of the Code
shall apply to the Share Units granted to me hereunder.


 






    	Reunion Equity Compensation Plan (August 2022)	Page 33 of 34



     


    

 


		 	 
	 	 	Participant Name (please print)






CHECK THE BOX BELOW, IF APPLICABLE:


 






    	Reunion Equity Compensation Plan (August 2022)	Page 34 of 34