Document:

Exhibit 10.6

  

   

    AMENDED AND RESTATED STOCK OPTION PLAN OF

    VIEMED HEALTHCARE, INC.

    (effective as of July 17, 2018)

    

    

    PART 1 - INTRODUCTION

    

    

    
      	
              1.01

            	
              Purpose

            

    

    

    

    The purpose of the Plan is to secure for the Corporation and its shareholders the benefits of incentive inherent in share ownership by
        the directors, officers, key employees and, subject to the terms and conditions herein, service providers of the Corporation and its Affiliates who, in the judgment of the Board, will be largely responsible for its future growth and success.

    

    

    
      	
              1.02

            	
              Definitions

            

    

    

    

    
      
        	

              	(a)	
                "Affiliate" has the meaning ascribed thereto in the Business Corporations Act
                    (British Columbia) as amended from time to time.

              

      

    

    

    

    
      
        	

              	(b)	
                "Associate" has the meaning ascribed to such term in the TSX Company Manual.

              

      

    

    

    

    
      
        	

              	(c)	
                "Blackout Period" means a period during which the Corporation prohibits Optionees from exercising their Options.

              

      

    

    

    

    
      
        	

              	(d)	
                "Board" means the board of directors of the Corporation.

              

      

    

    

    

    
      
        	

              	(e)	
                "Code" means the U.S. Internal Revenue Code of 1986, as amended.

              

      

    

    

    

    
      
        	

              	(f)	
                "Corporation" means Viemed Healthcare, Inc., a corporation duly incorporated under the laws of the Province of British Columbia, and its Affiliates, if any, and includes
                    any successor or assignee entity or entities into which the Corporation may be merged, changed, or consolidated; any entity for whose securities the securities of the Corporation shall be exchanged; and any assignee of or successor to
                    substantially all of the assets of the Corporation.

              

      

    

    

    

    
      
        	

              	(g)	
                "Market Price" has the meaning ascribed to such term in Part I of the TSX Company Manual.

              

      

    

    

    

    
      
        	

              	(h)	
                "Disability" or "Disabled" means permanent and total disability as defined in Section 22(e)(3) of the Code.

              

      

    

    

    

    
      
        	

              	(i)	
                "Eligible Person" shall mean an officer or director of the Corporation ("Executive")

                    or an employee of the Corporation ("Employee") or a Service Provider.

              

      

    

    

    

    
      
        	

              	(j)	
                "Exchange" or the “TSX” means the Toronto Stock Exchange.

              

      

    

    

    

    
      
        	

              	(k)	
                "Exercise Notice" means the U.S. Optionee Exercise Notice or the Non-U.S. Optionee Exercise Notice, as applicable.

              

      

    

    

    

    
      
        	

              	(l)	
                "Exercise Price" means the price at which an Option may be exercised as determined in accordance with section 2.03.

              

      

    

    

    

    
      
        	

              	(m)	
                "Fair Market Value" means, if the Shares are listed on any national securities exchange within the meaning of Section 409A of the Code, the closing sales price, if any, on
                    the largest such exchange on the valuation date, or, if none, on the most recent trade date immediately prior to the valuation date provided such trade date is no more than thirty (30) days prior to the valuation date. If the Shares are
                    not then listed on any such exchange, or there has been no trade date within such thirty (30) day period, the fair market value shall be determined in good faith by the Board.

              

         

        

      

    

    
      
        

      - 2 -

    

    
    
      
        	

              	(n)	
                "Section 422 Stock Option" means an Option which is intended to qualify as an incentive stock option under Section 422 of the Code.

              

      

    

    

    

    
      
        	

              	(o)	
                "Insider" has the meaning ascribed to that term in Part I of the TSX Company Manual.

              

      

    

    

    

    
      
        	

              	(p)	
                "Material Information" has the meaning ascribed to such term in Section 407 of the TSX Company Manual.

              

      

    

    

    

    
      
        	

              	(q)	
                "Non-U.S. Optionee Exercise Notice" means the notice respecting the exercise of an Option, substantially in the form attached to the Option Certificate as Appendix I, duly
                    executed by the Optionee.

              

      

    

    

    

    
      
        	

              	(r)	
                "Option" shall mean an option granted under the terms of the Plan.

              

      

    

    

    

    
      
        	

              	(s)	
                "Option Certificate" means the certificate, substantially in the form set out as Schedule “A” hereto, evidencing an Option.

              

      

    

    

    

    
      
        	

              	(t)	
                "Option Period" shall mean the period during which an option may be exercised.

              

      

    

    

    

    
      
        	

              	(u)	
                "Optionee" shall mean an Eligible Person to whom an Option has been granted under the terms of the Plan.

              

      

    

    

    

    
      
        	

              	(v)	
                "Outstanding Issue" means the number of Shares outstanding on a non-diluted basis.

              

      

    

    

    

    
      
        	

              	(w)	
                "Plan" means this amended and restated stock option plan established and operated pursuant to Part 2 hereof.

              

      

    

    

    

    
      
        	

              	(x)	
                “Security-Based Compensation Arrangement” has the meaning ascribed to it in section 613(b) of Part VI of TSX Company Manual

              

      

    

    

    

    
      
        	

              	(y)	
                “Service Provider” has the meaning ascribed to it in section 613(b) of Part VI of TSX Company Manual.

              

      

    

    

    

    
      
        	

              	(z)	
                “TSX Company Manual” means the TSX Company Manual published by the TSX setting out the requirements relating to listed companies, as amended and updated from time to time.

              

      

    

    

    

    
      
        	

              	(aa)	
                "Shares" shall mean the common shares of the Corporation.

              

      

    

    

    

    
      
        	

              	(bb)	
                "U.S. Optionee Exercise Notice" means the notice respecting the exercise of an Option, substantially in the form attached to the Option Certificate as Appendix II, duly
                    executed by the Optionee.

              

      

    

    

    

    PART 2 - SHARE OPTION PLAN

    

    

    
      	
              2.01

            	
              Participation

            

    

    

    

    Options shall be granted only to Eligible Persons.

    

    

    
      	
              2.02

            	
              Determination of Option Recipients

            

    

    

    

    The Board shall make all necessary or desirable determinations regarding the granting of Options to Eligible Persons and may take into
        consideration the present and potential contributions of a particular Eligible Person to the success of the Corporation and any other factors which it may deem proper and relevant.

     

      

    
      
        

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              2.03

            	
              Price

            

    

    

    

    The price at which an Optionee may purchase a Share upon the exercise of an Option shall be determined from time to time by the Board
        and shall be as set forth in the Option Certificate issued in respect of such Option but, in any event, shall not be less than the Market Price, and in the case of an Eligible Person employed or performing services in the United States or otherwise
        subject to Section 409A of the Code, shall not be less than Fair Market Value on the date of grant. If the Optionee owns directly or by reason of the applicable attribution rules more than 10% of the total combined voting power of all classes of
        stock of the Corporation, the Option price per share of the Shares covered by each Option which is intended to be a Section 422 Stock Option shall be not less than one hundred ten percent (110%) of the Fair Market Value on the date of the grant.

    

    

    
      	
              2.04

            	
              Grant of Options

            

    

    

    

    The Board may at any time authorize the granting of Options to such Eligible Persons as it may select for the number of Shares that it
        shall designate, subject to the provisions of the Plan. The date of each grant of Options shall be determined by the Board when the grant is authorized. Except for the setting of the Option price hereunder, no Option shall be granted and no
        purported grant of any Option shall be effective until such Option Certificate shall have been duly executed on behalf of the Corporation.

    

    

    In the event that Options are granted to Employees, or Service Providers, the Corporation represents that such Optionees shall be bona
        fide Employees, or Service Providers, as the case may be.

    

    

    The Corporation may at the time of granting options hereunder provide for additional terms and conditions which are not inconsistent
        with Part 2 hereof including, without limitation, terms and conditions deferring or delaying the date at which an Option may be exercised in whole or in part. Such additional terms and conditions shall be as set forth in the Option Certificate
        issued in respect of such Option.

    

    

    The Option Certificate of any Option which is intended to qualify as an Section 422 Stock Option shall contain such limitations and
        restrictions upon the exercise of the Option as shall be necessary in order that such Option qualifies as an “incentive stock option” within the meaning of Section 422 of the Code. Further, the Option Certificate authorized under the Plan shall be
        subject to such other terms and conditions including, without limitation, restrictions upon the exercise of the Option, as the Board shall deem advisable and which are not inconsistent with the requirements of Section 422 of the Code.

    

    

    Notwithstanding any of the foregoing provisions, the Board may authorize the grant of an Option to a person not then in the employ of
        the Corporation or of an Affiliate, conditioned upon such person becoming eligible to become an Eligible Person at or prior to the execution of the Option Certificate evidencing the actual grant of such Option.

    

    

    
      	
              2.05

            	
              Term of Options

            

    

    

    

    Unless otherwise expired pursuant to the terms of the Plan, all Options granted to an Optionee pursuant to this Plan shall expire at the
        close of business ten (10) years from the date of grant or such earlier date as the Board shall decide when the Option is granted, subject to earlier termination as herein provided; provided, however, that if the Option price is required under
        section 2.03 to be at least 110% of Fair Market Value, each such Option shall terminate not more than five (5) years from the date of the grant thereof, and shall be subject to earlier termination as herein provided.

    

    

    Upon the expiration of the Option Period, the Options granted shall forthwith expire and terminate and be of no further force or effect
        whatsoever as to such of the Shares in respect of which the Option hereby granted has not then been exercised.

    

    

    Notwithstanding the foregoing, if the expiration of the Option Period falls within a Blackout Period the expiration of the Option Period
        shall be automatically extended for ten (10) business days after the expiry of the Blackout Period on the condition that (i) the Blackout Period was formally imposed by the Corporation pursuant to its internal trading policies as a result of the
        bona fide existence of undisclosed Material Information, (ii) the Blackout Period must be deemed to have expired upon the general disclosure of the undisclosed Material Information, and (iii) the automatic extension of an Optionee’s options will
        not be permitted where the Optionee or the Corporation is subject to a cease trade order (or similar order under applicable securities laws) in respect of the Corporation’s securities.

     

      

    
      
        

      - 4 -

    

    No Optionee or his or her legal representative, legatees or distributees will be, or will be deemed to be, a holder of any Shares
        subject to an Option, unless and until certificates for such Shares are issued to him, her or them or a securities intermediary with whom the Optionee (or his or her legal representative, legatees or distributees) has an account, is recorded as the
        owner of such Shares in a book-entry system under the terms of the Plan.

    

    

    
      	
              2.06

            	
              Exercise of Options

            

    

    

    

    Except as set forth in section 2.10, no Option may be exercised unless the Optionee is at the time of such exercise;

    

    

    
      
        	

              	(a)	
                in the case of an Employee, in the employ of the Corporation or any Affiliate and shall have been continuously so employed since the grant of his or her Option, or have
                    been a Service Provider of the Corporation during such time thereafter, but absence on leave, having the approval of the Corporation or such Affiliate, shall not be considered an interruption of employment for any purpose of the Plan;

              

      

    

    

    

    
      
        	

              	(b)	
                in the case of a Service Provider, under contract with the Corporation or any Affiliate and shall have been continuously so contracted since the grant of the Option; or

              

      

    

    

    

    
      
        	

              	(c)	
                in the case of an Executive, a director or officer of the Corporation or any Affiliate and shall have been such a director or officer continuously since the grant of his or
                    her Option.

              

      

    

    

    

    No Option may be exercised by an Optionee until the Plan has been approved by the shareholders of the Corporation.

    

    

    The exercise of any Option will be contingent upon receipt by the Corporation of cash payment of the full Exercise Price of the Shares
        being purchased by 5:00 p.m. (EST) on the last day of the Option Period by delivering to the Corporation the applicable form of Exercise Notice, the applicable Option Certificate and a certified cheque or bank draft payable to the Corporation in an
        amount equal to the aggregate Exercise Price of the Shares to be purchased pursuant to the exercise of the Option.

    

    

    
      	
              2.07

            	
              Vesting of Options

            

    

    

    

    All Options granted to an Eligible Person pursuant to this Plan shall vest and become fully exercisable as determined by the Board when
        the Option is granted.

    

    

    
      	
              2.08

            	
              Restrictions on Grant of Options

            

    

    

    

    The granting of Options shall be subject to the following conditions:

    

    

    
      
        	

              	(a)	
                unless the Corporation has obtained disinterested shareholder approval, the maximum number of Shares reserved for issuance under Options granted to Insiders under the Plan,
                    together with any other Security-Based Compensation Arrangements, may not exceed 10% of the Outstanding Issue, at any time;

              

      

    

    

    

    
      
        	

              	(b)	
                unless the Corporation has obtained disinterested shareholder approval, the maximum number of Shares that may be granted to Insiders under the Plan, together with any other
                    Security-Based Compensation Arrangements, within a 12-month period, may not exceed 10% of the Outstanding Issue, calculated at the date an Option is granted; and

              

      

    

    

    

    
      
        	

              	(c)	
                unless the Corporation has obtained disinterested shareholder approval, the Corporation shall not decrease the Exercise Price of Options previously granted to Insiders.

              

         

        

      

    

    
      
        

      - 5 -

    

    No Options shall be granted after the expiration of ten (10) years from the earlier of the date of the adoption of the Plan by the
        Corporation or the approval of the Plan by the stockholders of the Corporation, and provided further, that the fair market value of the Shares (determined at the time the Option is granted) as to which Options designated as Section 422 Stock
        Options are exercisable for the first time by any Eligible Person during any single calendar year (under the Plan and under any other incentive stock option plan of the Corporation or an Affiliate) shall not exceed US$100,000.

    

    

    If disinterested shareholder approval is required, the proposed grant(s) or plan must be approved by a majority of the votes cast by all
        shareholders at the shareholders’ meeting excluding votes attaching to shares beneficially owned by (i) Insiders to whom options may be granted under the stock option plan; and (ii) Associates of such Insiders. Holders of non-voting and subordinate
        voting shares must be given full voting rights on a resolution that requires disinterested shareholder approval.

    

    

    
      	
              2.09

            	
              Lapsed Options

            

    

    

    

    If Options are surrendered, terminated or expire without being exercised in whole or in part, new Options may be granted covering the
        Shares not purchased under such lapsed Options.

    

    

    
      	
              2.10

            	
              Effect of Termination of Employment, Death or Disability

            

    

    

    

    
      
        	

              	(a)	
                If an Optionee shall die while employed or retained by the Corporation, or while an Executive, any Options held by the Optionee at the date of death, which have vested
                    pursuant to section 2.07, shall become exercisable, in whole or in part, but only by the persons or persons to whom the Optionee's rights under the Option shall pass by the Optionee's will or the laws of descent and distribution (the "Successor Optionee"). All such Options shall be exercisable only to the extent that the Optionee was entitled to exercise the Option at the date of his
                    or her death and only for one (1) year after the date of death or prior to the expiration of the Option Period in respect thereof, whichever is sooner, except that in the event the expiration of the Option Period is earlier than one (1)
                    year after the date of death, with the consent of the Exchange, the Options shall be exercisable for up to one (1) year after the date of death of the Optionee as determined by the Board. Notwithstanding the foregoing, the Board, in its
                    discretion, may resolve that up to all of the Options held by an Optionee at the date of death which have not yet vested shall vest immediately upon death.

              

      

    

    

    

    
      
        	

              	(b)	
                If the employment or engagement of an Optionee shall terminate with the Corporation due to Disability while the Optionee is employed or retained by the Corporation, any
                    Option held by the Optionee on the date the employment or engagement of the Optionee is terminated due to Disability, which have vested pursuant to section 2.07, shall become exercisable, in whole or in part. All such Options shall be
                    exercisable only to the extent that the Optionee was entitled to exercise the Option at the date of his or her termination due to Disability and only for one (1) year after the date of termination or prior to the expiration of the
                    Option Period in respect thereof, whichever is sooner, provided that Options that become exercisable due to Disability shall only be exercisable by the person or persons who have the legal authority to act on behalf of the Optionee in
                    connection with the rights of the Optionee to the Options. Notwithstanding the foregoing, the Board, in its discretion, may resolve that up to all of the Options held by an Optionee on the date the employment or engagement of the
                    Optionee is terminated due to Disability which have not yet vested shall vest immediately upon such date.

              

      

    

    

    

    
      
        	

              	(c)	
                Subject to section 2.10 (d), if an Optionee ceases to be an Eligible Person (other than as provided in section 2.10 (a) or (b)), any Options held by the Optionee on the
                    date such Optionee ceased to be an Eligible Person, which have vested pursuant to section 2.07, shall be exercisable only to the extent that the Optionee was entitled to exercise the Option at the date such Optionee ceased to be an
                    Eligible Person and only for ninety (90) days after the date such Optionee ceased to be an Eligible Person, subject to the Board’s discretion to extend such period for up to one (1) year, or prior to the expiration of the Option Period
                    in respect thereof, whichever is sooner. Notwithstanding the foregoing, the Board, in its discretion, may resolve that up to all of the Options held by an Optionee on the date the Optionee ceased to be an Eligible Person which have not
                    yet vested shall vest immediately upon such date.

              

         

        

      

    

    
      
        

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              	(d)	
                If the employment of an Employee or Service Provider is terminated for cause (as determined by the Board) no Option held by such Optionee may be exercised following the
                    date upon which Termination occurred.

              

      

    

    

    

    To the extent required by law, the Company shall make adjustments to, and interpret, the Options as required by the U.S. Uniformed Services Employment and
        Reemployment Rights Act.

    

    

    
      	
              2.11

            	
              Effect of Offer or Sale

            

    

    

    

    If at any time when the Option hereby granted remains unexercised with respect to any Shares, (a) a general offer to purchase all of the
        issued shares of the Corporation is made by a third party or (b) the Corporation proposes to sell all or substantially all of its assets and undertaking or to merge, amalgamate or be absorbed by or into any other company (save and except for a
        subsidiary or subsidiaries of the Corporation) under any circumstances which involve or may involve or require the liquidation of the Corporation, a distribution of its assets among its shareholders, or the termination of its corporate existence,
        the Corporation shall use its reasonable best efforts to provide notice of such offer or proposal to the Optionee as soon as practicable and (i) the Corporation may, at its option, permit the Option hereby granted to be exercised, as to all or any
        of the Optioned Shares in respect of which such Option has not previously been exercised by the Optionee at any time up to and including (but not after) a date twenty (20) days following the date of notice of such offer, sale or other similar
        transaction or prior to the close of business on the expiration date of the Option Period, whichever is the later; and (ii) the Corporation may, at its option, determine that upon the expiration of such twenty (20) day period, all rights to
        exercise the Option shall terminate and cease to have any further force or effect.

    

    

    The Corporation may, in its sole discretion and without the consent of Optionees, provide for one or more of the following: (i) the
        assumption of the Plan and outstanding Options by the surviving entity or its parent; (ii) the substitution by the surviving entity or its parent of Options with substantially the same terms for such outstanding Options; (iii) immediate
        exercisability of such outstanding Options followed by cancellation of such Options; and (iv) settlement of the intrinsic value of the outstanding vested Options in cash or cash equivalents or equity followed by the cancellation of all Options
        (whether or not then vested or exercisable).

    

    

    
      	
              2.12

            	
              Effect of Amalgamation, Consolidation or Merger

            

    

    

    

    If the Corporation amalgamates, consolidates with or merges with or into another corporation, upon the exercise of an Option following
        such amalgamation, consolidation or merger, the Optionee shall be entitled to receive, and shall accept, in lieu of Shares, the securities, property or cash which the Optionee would have received upon such amalgamation, consolidation or merger if
        the Optionee had exercised his Option and held Shares immediately prior to the effective date of such amalgamation, consolidation or merger, and the number of Shares and the option price shall be adjusted appropriately by the directors of the
        Corporation and such adjustment shall be binding for all purposes herein.

    

    

    
      	
              2.13

            	
              Adjustment in Shares Subject to the Plan

            

    

    

    

    If there is any change in the Shares through or by means of a declaration of stock dividends of Shares or consolidations, subdivisions
        or reclassification of Shares, or otherwise, the number of Shares available under the Plan, the Shares subject to any Option, and the Exercise Price thereof shall be adjusted appropriately by the Board and such adjustment shall be effective and
        binding for all purposes of the Plan. No such adjustment shall be made under the Plan which shall, within the meaning of Sections 424 and 409A of the Code, constitute such a modification, extension, or renewal of an Option as to cause the
        adjustment to be considered as the grant of a new Option.

    

    

    
      	
              2.14

            	
              Hold Period

            

    

    

    

    All Options and any Shares issued on the exercise of Options may be subject to and legended with a four month hold period commencing on
        the date the Options were granted pursuant to the rules of the Exchange and applicable securities laws. Any Shares issued on the exercise of Options may be subject resale restrictions contained in National Instrument 45-102 – Resale of Securities which would apply to the first trade of the Shares.

     

      

    
      
        

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              2.15

            	
              Notification of Grant of Option

            

    

    

    

    Following the granting of an Option by the Board, the Corporation shall notify the Optionee in writing of the Option and shall enclose
        with such notice the Option Certificate representing the Option so granted. Each Optionee, concurrently with the notice of the grant of an Option, shall be provided with a copy of the Plan.

    

    

    
      	
              2.16

            	
              Options Granted To Corporations

            

    

    

    

    Except in relation to a Service Provider that is a corporation, Options may only be granted to an individual or a corporation that is
        wholly-owned by an Eligible Person. If a corporation is an Optionee, it must provide the Exchange with a completed Form 4F – Certification and Undertaking Required
          from a Corporation Granted an Incentive Stock Option. The corporation must agree not to effect or permit any transfer of ownership or option of shares of the corporation nor to issue further shares of any class in the corporation to any
        other individual or entity as long as the Option remains outstanding, except with the written consent of the Exchange.

    

    

    PART 3 - GENERAL

    

    

    
      	
              3.01

            	
              Number of Shares

            

    

    

    

    The aggregate number of Shares that may be reserved for issuance, at any time, under the Plan and under any other Security-Based
        Compensation Arrangement adopted by the Corporation, including the Corporation’s Restricted Share Unit and Deferred Share Unit Plan, shall not exceed 7,581,925 Shares, being 20% of the total Outstanding Issue as at the date hereof.

    

    

    
      	
              3.02

            	
              Transferability

            

    

    

    

    All benefits, rights and options accruing to any Optionee in accordance with the terms and conditions of the Plan shall not be
        transferable or assignable unless specifically provided herein. During the lifetime of an Optionee, all benefits, rights and options may only be exercised by the Optionee.

    

    

    
      	
              3.03

            	
              Employment

            

    

    

    

    Nothing contained in any Plan shall confer upon any Optionee any right with respect to employment or continuance of employment with the
        Corporation or any Affiliate, or interfere in any way with the right of the Corporation or any Affiliate to terminate the Optionee's employment at any time. Participation in any Plan by an Optionee is voluntary.

    

    

    
      	
              3.04

            	
              Approval of Plan

            

    

    

    

    Options issued under the Plan shall only become exercisable after the Plan has been approved by the shareholders of the
        Corporation; provided, however:

    

    

    
      
        	

              	(a)	
                unless consistent with the terms contained herein and approved by the Board, nothing contained herein shall in any way affect Options previously granted by the Corporation
                    and currently outstanding;

              

      

    

    

    

    
      
        	

              	(b)	
                the Plan must receive shareholder approval yearly, at the Corporation's annual general meeting.

              

      

    

    

    

    The obligation of the Corporation to sell and deliver Shares in accordance with the Plan is subject to the approval of any governmental
        authority having jurisdiction or any stock exchanges on which the Shares are listed for trading which may be required in connection with the authorization, issuance or sale of such Shares by the Corporation. If any Shares cannot be issued to any
        Optionee for any reason including, without limitation, the failure to obtain such approval, then the obligation of the Corporation to issue such Shares shall terminate and any Optionee's option price paid to the Corporation shall be returned to the
        Optionee.

     

      

    
      
        

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              3.05

            	
              Administration of the Plan

            

    

    

    

    The Board is authorized to interpret the Plan from time to time and to adopt, amend and rescind rules and regulations for carrying out
        the Plan. The interpretation and construction of any provision of the Plan by the Board shall be final and conclusive. Administration of the Plan shall be the responsibility of the appropriate officers of the Corporation and all costs in respect
        thereof shall be paid by the Corporation.

    

    

    
      	
              3.06

            	
              Income Taxes

            

    

    

    

    As a condition of and prior to participation in the Plan, if requested by the Board, a Optionee shall authorize the Corporation in
        written form to withhold from any remuneration otherwise payable to such Optionee any amounts required by any taxing authority to be withheld for taxes of any kind as a consequence of such participation in the Plan.

    

    

    In addition, if the Corporation is required under the Income Tax Act (Canada) or any other applicable law to make source deductions in respect of employee stock option benefits to the Optionee and to remit to the applicable governmental authority an amount on account of tax on the
        value of the taxable benefit associated with the issuance of Shares on exercise of Options, then the Optionee shall (i) pay to the Corporation, in addition to the Exercise Price for the Options, sufficient cash as is reasonably determined by the
        Corporation to be the amount necessary to permit the required tax remittance, (ii) authorize the Corporation, on behalf of the Optionee, to sell in the market on such terms and at such time or times as the Corporation determines a portion of the
        Shares being issued upon exercise of the Options to realize cash proceeds to be used to satisfy the required tax remittance, or (iii) make other arrangements acceptable to the Corporation to fund the required tax remittance.

    

    

    
      	
              3.07

            	
              Amendment and Termination of the Plan

            

    

    

    

    The Board reserves the right to amend, modify, terminate or discontinue the Plan when it is advisable in the absolute discretion of the
        Board, without the consent of the Optionees, provided that such termination or discontinuance will not alter or impair any Option previously granted under the Plan.

    

    

    The Board may by resolution amend this Plan and any Options granted under it without shareholder approval, however, the Board will not be entitled, in the
        absence of shareholder and Exchange approval, to:

    

    

    
      
        	

              	(a)	
                reduce the exercise price of an outstanding Option, including a cancellation of an Option and re-grant of an Option in conjunction therewith, constituting a reduction of
                    the exercise price of the Option;

              

      

    

    

    

    
      
        	

              	(b)	
                extend the expiry date of an Option held by an Insider of the Corporation (subject to such date being extended by virtue of paragraph 2.05);

              

      

    

    

    

    
      
        	

              	(c)	
                amend the limitations on the maximum number of Shares reserved or issued to Insiders under paragraph 2.08 hereof;

              

      

    

    

    

    
      
        	

              	(d)	
                make any amendments to the Plan that would permit a Participant to transfer or assign Options to a new beneficial owner other than for estate settlement purposes;

              

      

    

    

    

    
      
        	

              	(e)	
                increase the maximum number of Shares issuable pursuant to this Plan; or

              

      

    

    

    

    
      
        	

              	(f)	
                amend the amendment provisions of this Plan under this Section 3.07.

              

      

    

    

    

    Where shareholder approval is sought for amendments under subsections (a), (b) and (c) above, the votes attached to Shares held directly
        or indirectly by Insiders benefiting from the amendments will be excluded.

    

    

    
      
        

      - 9 -

    

    
      	
              3.08

            	
              No Representation or Warranty

            

    

    

    

    The Corporation makes no representation or warranty as the future market value of any Shares issued in accordance with the provisions of
        the Plan.

    

    
      	
              3.09

            	
              Interpretation

            

    

    

    

    The Plan will be governed by and construed in accordance with the laws of the Province of British Columbia and the laws of Canada
        applicable therein. Terms used but not otherwise defined herein shall have the meanings ascribed thereto in the TSX Company Manual.

    

    

    
      	
              3.10

            	
              Savings Clause

            

    

    

    

    This Plan is intended to comply in all respects with applicable law and regulations, including Section 409A of the Code. In case any one
        or more provisions of this Plan shall be held invalid, illegal, or unenforceable in any respect under applicable law and regulation (including Section 409A of the Code), the validity, legality, and enforceability of the remaining provisions shall
        not in any way be affected or impaired thereby and the invalid, illegal, or unenforceable provision shall be deemed null and void; however, to the extent permitted by law, any provision that could be deemed null and void shall first be construed,
        interpreted, or revised retroactively to permit this Plan to be construed in compliance with all applicable law (including Section 409A of the Code) so as to foster the intent of this Plan.

    

    

    
      	
              3.11

            	
              Compliance with Applicable Law, etc.

            

    

    

    

    If any provision of the Plan or of any Option Certificate delivered pursuant to the Plan contravenes any law or any order, policy,
        by-law or regulation of any regulatory body or stock exchange having authority over the Corporation or the Plan then such provision shall be deemed to be amended to the extent required to bring such provision into compliance therewith.

     

      

    
      
        

      A-1

    

    
    SCHEDULE “A”

    VIEMED HEALTHCARE, INC.

    STOCK OPTION PLAN

    

    

    Insert the following U.S. legend if the Option is being issued to an Optionee who is in the United States or who is a U.S. person:

    

    

    [THE OPTION REPRESENTED BY THIS CERTIFICATE AND THE COMMON SHARES ISSUABLE UPON EXERCISE THEREOF HAVE NOT BEEN REGISTERED UNDER THE
        UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE HOLDER HEREOF, BY ACQUIRING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE CORPORATION THAT SUCH SECURITIES
        MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY (A) TO THE CORPORATION, (B) OUTSIDE THE UNITED STATES IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE LOCAL LAWS AND REGULATIONS, (C)
        PURSUANT TO THE EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS, OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER
        THE U.S. SECURITIES ACT OR ANY APPLICABLE STATE LAWS AND REGULATIONS GOVERNING THE OFFER AND SALE OF SECURITIES, AND IT HAS, IN THE CASE OF EACH OF (C) AND (D), PRIOR TO SUCH TRANSFER FURNISHED TO THE CORPORATION AN OPINION OF COUNSEL OF RECOGNIZED
        STANDING IN FORM AND SUBSTANCE SATISFACTORY TO THE CORPORATION TO SUCH EFFECT.]

    

    

    VIEMED HEALTHCARE, INC.

    

    

    STOCK OPTION PLAN

    OPTION CERTIFICATE

    

    

    This Certificate is issued pursuant to the provisions of the Viemed Healthcare, Inc. (the “Corporation”) stock option plan (the “Plan”) and evidences that ______________________________ is the holder (the “Optionee”) of an option (the “Option”) to purchase up to
        _______________________________ common shares (the “Shares”) in the capital stock of the Corporation at a purchase price of CAD$_________ per Share (the “Exercise Price”).

    

    

    The Plan provides for the granting of stock options that either (i) are intended to qualify as “Incentive Stock Options” within the meaning of Section 422
        of the United States Internal Revenue Code of 1986 (“Section 422 Stock Options”), as amended (the “Code”), or (ii) do not qualify as Section 422 Stock Options (“Non-Qualified Stock Options”). This Option is intended to be
        (select one):

     

      

    ☐ a Section 422 Stock Option; or

     

      

    ☐ a Non-Qualified Stock Option.

     

      

    Subject to the provisions of the Plan:

    

    

    
      
        	

              	(a)	
                the effective date of the grant of the Option is __________, 20__;

              

      

    

    
      
        	

              	(b)	
                the Option expires at 5:00 p.m. (EST) on ______________, 20__; and

              

      

    

    
      
        	

              	(c)	
                the Options shall vest as follows:

              

      

    

    

    

    	
            Date

          	
            Percent of Stock 

            Options Vested

          	
            Number of Stock 

            Options Vested

          	
            Aggregate Number of 

            Stock Options Vested

          
	 	 	 	 

    

    

    
      
        

      A-2

    

    	
            Date

          	
            Percent of Stock 

            Options Vested

          	
            Number of Stock 

            Options Vested

          	
            Aggregate Number of 

            Stock Options Vested

          
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

     

      

    The vested portion or portions of the Option may be exercised at any time and from time to time from and including the date of the grant of the Option
        through to 5:00 p.m. (EST) on the expiration date of the Option Period by delivering to the Corporation, in the case of a person other than a U.S. Person, the form of Exercise Notice attached as Appendix “I” hereto, and in the case of a U.S.
        Person, the form of Exercise Notice attached as Appendix “II” hereto, together with this Certificate and a certified cheque or bank draft payable to the Corporation in an amount equal to the aggregate of the Exercise Price of the Shares in respect
        of which the Option is being exercised.

     

      

    All Options and any Shares issued on the exercise of Options may be subject to resale restrictions and may be subject to and legended with a four month
        hold period commencing on the date the Options were granted pursuant to the rules of the Exchange and applicable securities laws. The Options hereby granted are subject to the approval of the Exchange.

     

      

    This Certificate and the Option evidenced hereby is not assignable, transferable or negotiable and is subject to the detailed terms and conditions
        contained in the Plan, the terms and conditions of which the Optionee hereby expressly agrees with the Corporation to be bound by. This Certificate is issued for convenience only and in the case of any dispute with regard to any matter in respect
        hereof, the provisions of the Plan and the records of the Corporation shall prevail.

     

      

    If the Optionee is a U.S. person or is located in the United States, the Optionee acknowledges and agrees as follows:

     

      

    
      
        	

              	(a)	
                The Option and the Shares (collectively, the “Securities”) have not been and will
                    not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of
                    the United States, and the Option is being granted to the Optionee in reliance on an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

              

         

        

      

    

    
      
        	

              	(b)	
                The Securities will be “restricted securities”, as defined in Rule 144 under the U.S. Securities Act, and the rules of the United States Securities and Exchange Commission
                    provide in substance that the Optionee may dispose of the Securities only pursuant to an effective registration statement under the U.S. Securities Act or an exemption therefrom, and the Corporation has no obligation to register any of
                    the Securities or to take action so as to permit sales pursuant to the U.S. Securities Act (including Rule 144 thereunder, if available).

              

         

        

      

    

    
      
        	

              	(c)	
                If the Optionee decides to offer, sell or otherwise transfer any of the Shares, the Optionee will not offer, sell or otherwise transfer the Option directly or indirectly,
                    unless:

              

         

        

      

    

    
      
        	

              	(i)	
                the sale is to the Corporation;

              

         

        

      

    

    
      
        	

              	(ii)	
                the sale is made outside the United States in a transaction meeting the requirements of Rule 904 of Regulation S under the U.S. Securities Act (“Regulation S”) and in compliance with applicable local laws and regulations;

              

         

        

      

    

    
      
        	

              	(iii)	
                the sale is made pursuant to the exemption from the registration requirements under the U.S. Securities Act provided by Rule 144 thereunder, if available, and in accordance
                    with any applicable state securities or “blue sky” laws; or

              

         

        

        
          
            

          A-3

        

      

    

    
      
        	

              	(iv)	
                the Shares are sold in a transaction that does not require registration under the U.S. Securities Act or any applicable state laws and regulations governing the offer and
                    sale of securities;

              

         

        

      

    

    and, in the case of each of (iii) and (iv) it has prior to such sale furnished to the Corporation an opinion of counsel reasonably
        satisfactory to the Corporation stating that such transaction is exempt from registration under applicable securities laws.

     

      

    
      
        	

              	(d)	
                The Option may not be exercised by or for the account or benefit of a person in the United States or a U.S. person unless registered under the U.S. Securities Act and any
                    applicable state securities laws, unless an exemption from such registration requirements is available.

              

         

        

      

    

    
      
        	

              	(e)	
                The certificate(s) representing the Shares will be endorsed with the following or a similar legend until such time as it is no longer required under the applicable
                    requirements of the U.S. Securities Act or applicable state securities laws:

              

         

        

      

    

    “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
        (THE “U.S. SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE CORPORATION, THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED
        ONLY (A) TO THE CORPORATION; (B) OUTSIDE THE UNITED STATES IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT; (C) IN ACCORDANCE WITH THE EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT PROVIDED BY RULE 144
        THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS; OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS, AND, IN THE CASE OF CLAUSE (C)
        OR (D), THE SELLER FURNISHES TO THE CORPORATION AN OPINION OF COUNSEL OF RECOGNIZED STANDING IN FORM AND SUBSTANCE SATISFACTORY TO THE CORPORATION TO SUCH EFFECT. THE PRESENCE OF THIS LEGEND MAY IMPAIR THE ABILITY OF THE HOLDER HEREOF TO EFFECT
        “GOOD DELIVERY” OF THE SECURITIES REPRESENTED HEREBY ON A CANADIAN STOCK EXCHANGE.”

     

      

    provided, that if the Shares are being sold outside the United States in compliance with the requirements of Rule 904 of Regulation S
        and such Shares were issued at a time when the Corporation is a “foreign issuer” as defined in Regulation S, the legend set forth above may be removed by providing an executed declaration to the registrar and transfer agent of the Corporation, in
        substantially the form set forth as Appendix “II” hereto (or in such other form as the Corporation may prescribe from time to time) and, if requested by the Corporation or the transfer agent, an opinion of counsel of recognized standing in form and
        substance satisfactory to the Corporation and the transfer agent to the effect that such sale is being made in compliance with Rule 904 of Regulation S; and provided, further, that, if any Shares are being sold otherwise than in accordance with
        Regulation S and other than to the Corporation, the legend may be removed by delivery to the registrar and transfer agent and the Corporation of an opinion of counsel, of recognized standing reasonably satisfactory to the Corporation, that such
        legend is no longer required under applicable requirements of the U.S. Securities Act or state securities laws.

     

      

    
      
        	

              	(f)	
                Rule 905 of Regulation S provides in substance that any “restricted securities” that are equity securities of a “domestic issuer” (including an issuer that no longer
                    qualifies as a “foreign issuer”) will continue to be deemed to be restricted securities notwithstanding that they were acquired in a resale transaction pursuant to Rule 901 or 904 of Regulation S; that Rule 905 of Regulation S will
                    apply in respect of Shares if the Corporation is not a “foreign issuer” at the time of exercise of the related Options; and that the Corporation is not obligated to remain a “foreign issuer”.

              

         

        

      

    

    
      
        

      A-4

    

    
      
        	

              	(g)	
                “Domestic issuer”, “foreign issuer”, “United States” and “U.S. person” are as defined in Regulation S.

              

         

        

      

    

    
      
        	

              	(h)	
                If the Optionee is resident in the State of California on the effective date of the grant of the Option, then, in addition to the terms and conditions contained in the Plan
                    and in this Certificate, the Optionee acknowledges that the Corporation, as a reporting issuer under the securities legislation in the Provinces of British Columbia, Alberta and Ontario, is required to publicly file with the securities
                    regulators in those jurisdictions continuous disclosure documents, including audited annual financial statements and unaudited quarterly financial statements (collectively, the “Financial Statements”). Such filings are available on the System for Electronic Document Analysis and Retrieval (SEDAR), and documents filed on SEDAR may be viewed under the Corporation’s profile at
                    the following website address: www.sedar.com. Copies of Financial Statements will be made available to the Optionee by the Corporation upon the Optionee’s request.

              

         

        

      

    

    All terms not otherwise defined in this Certificate shall have the meanings given to them under the Plan.

     

      

    Dated this ____ day of _____________, 20___.

     

      

    VIEMED HEALTHCARE, INC.

    

    

    	
            Per:

          	 	 
	 	 	 
	 	
            Authorized Signatory

          	 

     

    

    
      
        

      I-1

    

    
    APPENDIX “I”

    VIEMED HEALTHCARE, INC.

    

    

    STOCK OPTION PLAN

    EXERCISE NOTICE FOR NON-U.S. OPTIONEES

     

          

    
      	
              TO:

            	
              VIEMED HEALTHCARE, INC. (the “Corporation”)

            

    

    

    

    1.          The undersigned (the “Optionee”), being the holder of options to purchase ________________ common shares of the Corporation at the exercise price of ______ per share, hereby irrevocably gives notice, pursuant to the stock option
        plan of the Corporation (the “Plan”), of the exercise of the Option to acquire and hereby subscribes for ____________ of such common shares of the Corporation.

    

    

    2.          The Optionee tenders herewith a certified cheque or bank draft payable to
        the Corporation in an amount equal to the aggregate Exercise Price of the aforesaid common shares exercised and directs the Corporation to issue a share certificate evidencing said common shares in the name of the Optionee to be mailed to the
        Optionee at the following address:

    

    

    	 	 	 
	 	

          	 
	 	

          	 
	 	

          	 

    

    

    3.          By executing this Exercise Notice, the Optionee hereby confirms that the
        undersigned has read the Plan and agrees to be bound by the provisions of the Plan. All terms not otherwise defined in this Exercise Notice shall have the meanings given to them under the Plan or the attached Option Certificate.

    

    

    4.          The Optionee is resident in ____________________ [name of country].

    

    

    5.          The Optionee represents, warrants and certifies that the Optionee at the
        time of exercise of the Option is not in the United States, is not a “U.S. person” as defined in Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and is not exercising the Option on behalf of, or
        for the account or benefit of a U.S. person or a person in the United States and did not execute or deliver this exercise form in the United States.

     

      

    6.          The undersigned Optionee hereby represents, warrants, acknowledges and
        agrees that there may be material tax consequences to the Optionee of an acquisition or disposition of any of the Shares. The Corporation gives no opinion and makes no representation with respect to the tax consequences to the Optionee under
        Canadian, Provincial, local or foreign tax law of the undersigned’s acquisition or disposition of such securities.

     

      

    7.          The undersigned Optionee hereby represents, warrants, acknowledges and
        agrees that the certificate(s) representing the Shares may be subject to and legended with a four month hold period commencing on the date the Options were granted pursuant to
        the rules of the Exchange and applicable securities laws.

    

    

    DATED the ________ day of ____________________, __________.

    

    

    	 	 
	 	
            Signature of Optionee

          

    

    

    
      
        

      II-1

    

    
    APPENDIX “II”

    VIEMED HEALTHCARE, INC.

    

    

    STOCK OPTION PLAN

    EXERCISE NOTICE FOR U.S. OPTIONEES

     

          

    
      	
              TO:

            	
              VIEMED HEALTHCARE, INC. (the “Corporation”)

            

    

    

    

    1.          The undersigned (the “Optionee”),

        being the holder of options to purchase ________________ common shares of the Corporation at the exercise price of ______ per share, hereby irrevocably gives notice, pursuant to the stock option plan of the Corporation (the “Plan”), of the exercise of the Option to acquire and hereby subscribes for ____________ of such common shares of the Corporation.

     

      

    2.          The Optionee tenders herewith a certified cheque or
        bank draft payable to the Corporation in an amount equal to the aggregate Exercise Price of the aforesaid common shares exercised and directs the Corporation to issue a share certificate evidencing said common shares in the name of the Optionee to
        be mailed to the Optionee at the following address:

     

      

    	 	 

          	 
	 	 

          	 
	 	 

          	 

    

    

    3.          By executing this Exercise Notice, the Optionee hereby confirms that the
        undersigned has read the Plan and agrees to be bound by the provisions of the Plan. All terms not otherwise defined in this Exercise Notice shall have the meanings given to them under the Plan or the attached Option Certificate.

     

      

    4.          The Optionee is resident in

     

      

    
      
        	

              	☐	
                the State of _______________________________________________, or

              

      

    

    

    

    
      
        	

              	☐	
                the District of Columbia, or

              

      

    

    

    

    
      
        	

              	☐	
                __________________________________________, a Territory of the United States of America.

              

      

    

    

    

    5.          The Optionee represents, warrants and certifies as follows (please check the
        category that applies):

    

    

    
      
        	

              	(a) ☐	
                the Optionee is a natural person who is either: (i) a director, officer or employee of the Corporation or of a majority-owned subsidiary of the Corporation (each, an “Eligible Company Optionee”), (ii) a person or company engaged by the Corporation or of a majority-owned subsidiary of the Corporation to provide
                    services for an initial, renewable or extended period of twelve months or more (an “Eligible Service Provider”), or (iii) a former Eligible Company
                    Optionee or Eligible Service Provider; OR

              

      

    

    

    

    
      
        	

              	(b) ☐	
                the Optionee has delivered to the Corporation and the Corporation’s transfer agent an opinion of counsel (which will not be sufficient unless it is in form and substance
                    satisfactory to the Corporation) or such other evidence satisfactory to the Corporation to the effect that with respect to the securities to be delivered upon exercise of the Option, the issuance of such securities has been registered
                    under the U.S. Securities Act and applicable state securities laws or an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws is available;

              

      

    

    

    

    
      
        

      II-2

    

    
    
      
        
          6.          The undersigned Optionee further represents, warrants, acknowledges
              and agrees that:

        

         

        

        	

              	(a)	
                funds representing the subscription price for the Shares which will be advanced by the undersigned to the Corporation upon exercise of the Options will not represent
                    proceeds of crime for the purposes of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (the “PATRIOT Act”), and the undersigned acknowledges that the Corporation may in the future be required by law to disclose the undersigned's name and other information relating to this exercise form and the undersigned's
                    subscription hereunder, on a confidential basis, pursuant to the PATRIOT Act. No portion of the subscription price to be provided by the undersigned (i) has been or
                    will be derived from or related to any activity that is deemed criminal under the laws of the United States of America, or any other jurisdiction, or (ii) is being tendered on behalf of a person or entity who has not been identified to
                    or by the undersigned, and it shall promptly notify the Corporation if the undersigned discovers that any of such representations ceases to be true and provide the Corporation with appropriate information in connection therewith;

              

      

    

    

    

    
      
        	

              	(b)	
                the financial statements of the Corporation have been prepared in accordance with Canadian generally accepted accounting principles or International Financial Reporting
                    Standards, which differ in some respects from United States generally accepted accounting principles, and thus may not be comparable to financial statements of United States companies;

              

      

    

    

    

    
      
        	

              	(c)	
                there may be material tax consequences to the Optionee of an acquisition or disposition of any of the Shares. The Corporation gives no opinion and makes no representation
                    with respect to the tax consequences to the Optionee under United States, state, local or foreign tax law of the undersigned’s acquisition or disposition of such securities. In particular, no determination has been made whether the
                    Corporation will be a “passive foreign investment company” within the meaning of Section 1297 of the United States Internal Revenue Code of 1986, as amended; and

              

      

    

    

    

    
      
        	

              	(d)	
                if the undersigned has marked Box 5(a) above, the Corporation may rely on the registration exemption
                    in Rule 701 under the U.S. Securities Act and a state registration exemption, but only if such exemptions are available; in the event such exemptions are determined by the Corporation to be unavailable, the undersigned may be required
                    to provide additional evidence of an available exemption, including, without limitation, the legal opinion contemplated by Box 5(b).

              

      

    

    

    

    7.          If the undersigned has marked Box 5(a) above on the basis that the
        exercise of the Option is subject to the registration exemption in Rule 701 under the U.S. Securities Act and an available state registration exemption, the undersigned also
          acknowledges and agrees that:

    

    

    
      
        	

              	(a)	
                the Shares have not been and will not be registered under the U.S. Securities Act or the securities laws of any state of the United States, and the Shares will be issued as
                    “restricted securities” (as such term is defined in Rule 144(a)(3) under the U.S. Securities Act) and may not be offered, sold, pledged, or otherwise transferred, directly or indirectly, without prior registration under the U.S.
                    Securities Act and applicable state securities laws absent an exemption from such registration requirements; and

              

      

    

    

    

    
      
        	

              	(b)	
                the certificate(s) representing the Shares will be endorsed with a U.S. restrictive legend substantially in the form set forth in the Option Certificate until such time as
                    it is no longer required under the applicable requirements of the U.S. Securities Act or applicable state securities laws.

              

      

    

    

    

    8.          The undersigned Optionee hereby represents, warrants, acknowledges and
        agrees that the certificate(s) representing the Shares may be subject to and legended with a four month hold period commencing on the date the Options were granted pursuant to
        the rules of the Exchange and applicable securities laws.

    DATED the ________ day of ____________________, __________.

    

    

    	 	 
	 	
            Signature of Optionee

          

     

    

    
      
        

      III-1

    

    
    APPENDIX “III”

    VIEMED HEALTHCARE, INC.

    

    

    STOCK OPTION PLAN

    FORM OF DECLARATION FOR REMOVAL OF LEGEND

     

          

    
      
        	TO:	
                Viemed Healthcare, Inc. (the “Company”)

              

         

        

      

    

    
      
        	AND TO:	
                Registrar and transfer agent for the common shares of the Company

              

         

        

      

    

    The undersigned (a) acknowledges that the sale of ____________________________________ (the "Securities") of the Company, represented by certificate number _________________________________, to which this declaration relates is being made in reliance on Rule 904 of Regulation S (“Regulation S”) under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and (b) certifies that (1) the undersigned is not (A) an
        "affiliate" of the Company (as that term is defined in Rule 405 under the U.S. Securities Act), (B) a "distributor" as defined in Regulation S or (C) an affiliate of a distributor; (2) the offer of such securities was not made to a person in the
        United States and either (A) at the time the buy order was originated, the buyer was outside the United States, or the seller and any person acting on its behalf reasonably believed that the buyer was outside the United States, or (B) the
        transaction was executed on or through the facilities of the Toronto Stock Exchange, the TSX Venture Exchange, the Canadian Securities Exchange or another "designated offshore securities market", and neither the seller nor any person acting on its
        behalf knows that the transaction has been prearranged with a buyer in the United States; (3) neither the seller nor any affiliate of the seller nor any person acting on any of their behalf has engaged or will engage in any "directed selling
        efforts" in the United States in connection with the offer and sale of such securities; (4) the sale is bona fide and not for the purpose of "washing off" the resale restrictions imposed because the securities are "restricted securities" (as such
        term is defined in Rule 144(a)(3) under the U. S. Securities Act); (5) the seller does not intend to replace the securities sold in reliance on Rule 904 of Regulation S with fungible unrestricted securities; and (6) the contemplated sale is not a
        transaction, or part of a series of transactions, which, although in technical compliance with Regulation S, is part of a plan or scheme to evade the registration provisions of the U. S. Securities Act. Terms used herein have the meanings given to
        them by Regulation S.

     

      

    Dated _______________ 20_.

     

      

    	 	
            X

          	 

    	 	
            Signature of individual (if Seller is an individual)

          
	 	 

    	 	
            X

          	 

    	 	
            Authorized signatory (if Seller is not
                an individual)

          

    	 	 
	 	
            Name of Seller (please print)

          
	 	 
	 	
            Name of authorized signatory (please print)

          
	 	 
	 	
            Official capacity of authorized signatory (please print)

          

    

    

    
      
        

      III-2

    

    Affirmation by Seller's Broker-Dealer

    (Required for sales pursuant to Section (b)(2)(B) above)

     

      

    We have read the foregoing representations of our customer, _________________________ (the "Seller") dated _______________________, with regard to the sale, for such Seller's account, of
          _________________ common shares (the "Securities") of the Company represented by
          certificate number ______________. We have executed sales of the Securities pursuant to Rule 904 of Regulation S under the United States Securities Act of 1933, as amended (the
          “U.S. Securities Act”), on behalf of the Seller. In that connection, we hereby
          represent to you as follows:

     

        

    
      
        	(1)	
                no offer to sell Securities was made to a person in the United States;

              

         

        

      

    

    
      
        	(2)	
                the sale of the Securities was executed in, on or through the facilities of the Toronto Stock Exchange, the TSX Venture Exchange, the Canadian Securities Exchange or
                    another designated offshore securities market (as defined in Rule 902(b) of Regulation S under the U.S. Securities Act), and, to the best of our knowledge, the sale was not pre-arranged with a buyer in the United States;

              

         

        

      

    

    
      
        	(3)	
                no “directed selling efforts” were made in the United States by the undersigned, any affiliate of the undersigned, or any person acting on behalf of the undersigned; and

              

         

        

      

    

    
      
        	(4)	
                we have done no more than execute the order or orders to sell the Securities as agent for the Seller and will receive no more than the usual and customary broker’s
                    commission that would be received by a person executing such transaction as agent.

              

         

        

      

    

    For purposes of these representations: “affiliate” means a person
        that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the undersigned; “directed selling
          efforts” means any activity undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for the Securities (including, but not be limited to, the solicitation of
        offers to purchase the Securities from persons in the United States); and “United States” means the United States of America, its territories or possessions,
        any State of the United States, and the District of Columbia.

     

      

    Legal counsel to the Company shall be entitled to rely upon the representations, warranties and covenants contained herein to the same extent as if this
        affirmation had been addressed to them.

    
      

      

      	Dated:	
               

            	.	
               

            

      

        
        	
                 

              	 
	
                Name of Firm

              	 
	 	 	 
	
                By:

              	 	 
	 	
                Authorized OfficerExhibit 10.7

      

      

      

      
        AMENDED AND RESTATED RESTRICTED SHARE UNIT AND DEFERRED SHARE UNIT PLAN

        VIEMED HEALTHCARE, INC.

        (effective as of July 17, 2018)

        

        

        PART 1

        GENERAL PROVISIONS

        

        

        Establishment and Purpose

        

        

        1.1         The Corporation hereby establishes a Restricted Share Unit and
            Deferred Share Unit plan known as the “Viemed RSU/DSU Plan” or “Viemed Restricted Share Unit and Deferred Share Unit Plan”, and in this documents referred to as the “Plan”.

        

        

        1.2         The purpose of the Plan is to secure for the Corporation and its
            shareholders the benefits of incentive inherent in share ownership by Eligible Persons who, in the judgment of the Board, will be largely responsible for its future growth and success. The Board also contemplates that through the Plan, the
            Corporation will be better able to compete for and retain the services of the individuals needed for the continued growth and success of the Corporation.

        

        

        1.3         Restricted Share Units granted pursuant to this Plan will be used to
            compensate Employees and Officers for their individual performance based achievements and are intended to provide an alternative incentive to stock option awards in this specific respect. The goal of such grants is to more closely tie awards to
            individual performance based on established performance criteria.

        

        

        Definitions

        

        

        1.4          In this Plan:

        

        

        (a)          “Applicable Withholding Tax”
            means any and all taxes and other source deductions or other amounts which the Corporation is required by Applicable Law to withhold from any amounts paid or credited to a Participant under the Plan, which the Corporation determines to withhold
            in order to fund remittance obligations;

        

        

        (b)          “Attendance Fee” means the fee for attending
            committee meetings;

        

        

        (c)          “Award” means an award of Restricted Share Units
            and/or Deferred Share Units under this Plan;

        

        

        (d)         “Award Payout” means the applicable Share
            issuance or cash payment in respect of a vested Restricted Share Unit pursuant and subject to the terms and conditions of this Plan and the applicable Award;

        

        

        (e)          “Board” means the board of directors of the
            Corporation;

        

        

        (f)          “Business Day” means a day upon which the TSX is
            open for trading;

        

        

        (g)        “Change of Control” in respect of any Eligible
            Person has the meaning ascribed to such term (in a relevant context) in the Eligible Person’s then existing employment agreement with the Corporation or, if no meaning is so ascribed, means the acquisition by any person or by any person and its
            joint actors (as such term is defined in the Securities Act), whether directly or indirectly, of voting securities (as such term is defined in the Securities Act) of the Corporation which, when added to all of the voting securities of the
            Corporation at the time held by such person and its joint actors, totals for the first time not less than 20% of the outstanding voting securities of the Corporation;

        

        

        (h)          “Code” means the U.S. Internal Revenue Code of
            1986, as amended;

         

          

        
          
            

          - 2 -

        

        
        (i)          “Committee” means the Compensation Committee of
            the Board or other committee of the Board, consisting of not less than three directors, to whom the authority of the Board is delegated in accordance with §1.8;

        

        

        (j)           “Corporation” means Viemed Healthcare, Inc.,
            and includes any successor Corporation thereto;

        

        

        (k)        “Deferred Share Unit” means a right granted by the
            Corporation to an Eligible Person to receive, on a deferred payment basis, a Share or the Fair Market Value of a Share, on the terms contained in this Plan;

        

        

        (l)          “Designated Deferred Share Unit Compensation”
            means that part of a Non-Employee Director’s compensation that is designated by the Board to be paid in Deferred Share Units;

        

        

        (m)         “Director” means a member of the Board;

        

        

        (n)         “Discretionary Compensation” means any amount
            that is approved by the Board, from time to time, to be paid to an Eligible Person in that person’s capacity as a Non-Employee Director;

        

        

        (o)          “DSU Participant” means an Eligible Person who
            may be granted Deferred Share Units from time to time under this Plan;

        

        

        (p)          “Early Triggers” means any of the events
            described in §4.3 and §4.4 which result in the accelerated vesting of unvested Restricted Share Units ;

        

        

        (q)          “Elected Amount” has the meaning set forth in
            §5.1;

        

        

        (r)          “Eligible Person” means any person who is an Employee, Officer, or a Non-Employee Director;

        

        

        (s)          “Employee” means an employee of the Corporation or of a Related Entity;

        

        

        (t)          “Expiry Date” means December 31 of the third calendar year after the Grant Date, or such earlier date as may be established by the Board in respect of an Award at the time of grant of the Award;

        

        

        (u)          “Fair Market Value” means, as at a particular date, for the purpose of calculating the applicable Vesting Date Value and Award Payout;

        

        

        (i)          if the Shares are listed on the TSX, the volume
            weighted average price per Share traded on the TSX over the last five trading days preceding that date,

        

        

        (ii)         if the Shares are not listed on the TSX, the
            value established by the Board based on the volume weighted average price per Share traded on any other public exchange on which the Shares are listed over the same period, or

        

        

        (iii)        if the Shares are not listed on any public
            exchange, the value per Share established by the Board based on its determination of the fair value of a Share;

        

        

        (v)        “Financial Quarter” means each three month period
            ending on March 31, June 30, September 30, or December 31, respectively, unless otherwise designated by the Board;

        

        

        (w)         “Grant Date” means the date of grant of any
            Restricted Share Unit or Deferred Share Unit;

        

        

        (x)          “IFRS” means the International Financial
            Reporting Standards as adopted by the Accounting Standards Board of Canada;

        

        

        (y)          “Insider” has the meaning ascribed to that term
            in Part I of the TSX Company Manual;

         

          

        
          
            

          - 3 -

        

        (z)          “ITA” means the Income Tax Act (Canada), R.S.C. 1985, c.1 (5th Supp.), including the regulations promulgated thereunder, as amended from time to time;

        

        

        (aa)        “Key Employee” means a person who is a “key
            employee” as defined for purposes of sec. 416(i) of the Internal Revenue Code (United States);

        

        

        (bb)      “Non-Employee Director” shall mean an individual
            who is a member of the Board but who is not otherwise an Employee or an Officer of the Corporation or of any Related Entity at the date the Award is granted;

        

        

        (cc)        “Officer” means an individual who is an officer of the Corporation or of a Related Entity as an appointee of the Board or the board of directors of the Related Entity, as the case may be;

        

        

        (dd)        “Outstanding Issue” means the number of Shares
            outstanding on a non-diluted basis;

        

        

        (ee)        “Participant” means a RSU Participant or a DSU
            Participant, as applicable;

        

        

        (ff)         “Plan” means this Viemed RSU/DSU Plan or Viemed
            Restricted Share Unit and Deferred Share Unit Plan, as amended from time to time;

        

        

        (gg)       “Restricted Share Unit” means a right granted under this Plan to receive the Award Payout on the terms contained in this Plan as more particularly described in §4.1;

        

        

        (hh)        “Redemption Date” has the meaning contained in
            §6.1;

        

        

        (ii)          “Redemption Notice” has the meaning contained in §6.1;

        

        

        (jj)         “Related Entity” means a person that is
            controlled by the Corporation. For the purposes of this Plan, a person (first person) is considered to control another person (second person) if the first person, directly or indirectly, has the power to direct the management and policies of
            the second person by virtue of

        

        

        (i)          ownership of or direction over voting securities
            in the second person,

        

        

        (ii)         a written agreement or indenture,

        

        

        (iii)        being the general partner or controlling the
            general partner of the second person, or

        

        

        (iv)        being a trustee of the second person;

        

        

        (kk)        “Remuneration Period” means a fiscal year, or
            where the context requires, any portion of such period;

        

        

        (ll)         “Required Approvals” has the meaning contained in §1.6;

        

        

        (mm)    “Retirement” means, with respect to a Recipient, the
            early or normal retirement of the Recipient within the meaning of the pension plan of the Corporation for salaried employees, whether or not such Recipient is a member of that pension plan, or, if the Corporation does not have such a plan, the
            date on which the Recipient reaches age 65;

        

        

        (nn)        “RSU Participant” means an Eligible Person who
            may be granted Restricted Share Units from time to time under this Plan;

        

        

        (oo)        “Securities Act” means the Securities Act, R.S.B.C. 1996, c. 418, as amended from time to time;

            

          

        
          
            

          - 4 -

        

        (pp)        “Security Based Compensation Arrangement” has the
            meaning ascribed to it in section 613(b) of Part VI of TSX Company Manual

        

        

        (qq)       “Separation Date” the date that the Eligible
            Person ceases service as a Non-Employee Director of, and is not an employee or officer of, the Corporation or its subsidiaries;

        

        

        (rr)          “Share” means a Common share in the capital of
            the Corporation as from time to time constituted;

        

        

        (ss)       “Termination” means, with respect to a RSU Participant, that the RSU Participant has ceased to be an Eligible Person, other than as a result of Retirement, and has ceased to fulfil any other role
            as employee or officer of the Corporation or any Related Entity, including as a result of termination of employment, resignation from employment, removal as an officer, death or Total Disability;

        

        

        (tt)         “Terminated Service” means, with respect to an
            DSU Participant, that the DSU Participant has ceased to be an Eligible Person, other than as a result of death;

        

        

        (uu)        “Total Cash Compensation” for a particular DSU
            Participant means the aggregate of the annual retainer (including any additional amounts payable for serving as lead Director or committee Chair or member of the audit committee of the Board), the Attendance Fee and any Discretionary
            Compensation, that may become payable to that DSU Participant (not including any component that, at the relevant time, has been designated as Designated Deferred Share Unit Compensation);

        

        

        (vv)       “Total Disability” means, with respect to a RSU
            Participant, that, solely because of disease or injury, within the meaning of the long-term disability plan of the Corporation, the RSU Participant, is deemed by a qualified physician selected by the Corporation to be unable to work at any
            occupation which the RSU Participant, is reasonably qualified to perform;

        

        

        (ww)      “Trigger Date” means, with respect to a Restricted
            Share Unit, the date set by the Board which is no later than December 1 of the third calendar year following the Grant Date of the Restricted Share Unit, and if no date is set by the Board, then December 1 of the third calendar year following
            the Grant Date of the Restricted Share Unit;

        

        

        (xx)        “TSX” means The Toronto Stock Exchange;

        

        

        (yy)      “TSX Company Manual” means the TSX Company Manual
            published by the TSX setting out the requirements relating to listed companies, as amended and updated from time to time;

        

        

        (zz)        “U.S. Director” means a Director who is a United
            States citizen or a United States resident as defined under U.S. tax law; and

        

        

        (aaa)       “Vesting Date Value” means the notional value, as
            at a particular date, of the Fair Market Value of one Share.

        

        

        Interpretation

        

        

        1.5          For all purposes of this Plan, except as otherwise expressly
            provided or unless the context otherwise requires:

        

        

        (a)         any reference to a statute shall include and
            shall, unless otherwise set out herein, be deemed to be a reference to such statute and to the regulations made pursuant thereto, with all amendments made thereto and in force from time to time, and to any statute or regulations that may be
            passed which has the effect of supplementing or superseding such statute or such regulations;

        

        

        (b)          the singular includes the plural and vice-versa,
            and a reference to any of the feminine, masculine or neuter includes the other two;

        

        

        
          
            

          - 5 -

        

        (c)         any reference to “consent” or “discretion” of any
            person shall be construed as meaning that such person may withhold such consent arbitrarily or grant it, if at all, on such terms as the person sees fit, and may exercise all discretion fully and in unfettered manner; and

        

        

        (d)          any reference to “including” or “inclusive” shall
            be construed as not restricting the generality of any foregoing or other provision.

        

        

        Effective Date

        

        

        1.6         This Plan will be effective on July 17, 2018. The Board may, in its
            discretion, at any time, and from time to time, issue Restricted Share Units or Deferred Share Units to Eligible Persons as it determines appropriate under this Plan. However, any such issued Restricted Share Units or Deferred Share Units may
            not be paid out in Shares in any event until receipt of the necessary approvals from shareholders of the Corporation or the TSX and any other applicable regulatory bodies (the “Required Approvals”).

        

        

        Administration

        

        

        1.7       The Board is authorized to interpret this Plan from time to time and
            to adopt, amend and rescind rules and regulations for carrying out the Plan. The interpretation and construction of any provision of this Plan by the Board shall be final and conclusive. Administration of this Plan shall be the responsibility
            of the appropriate officers of the Corporation and all costs in respect thereof shall be paid by the Corporation.

        

        

        Delegation to Committee

        

        

        1.8        All of the powers exercisable hereunder by the Board may, to the
            extent permitted by law and as determined by a resolution of the Board, be delegated to a Committee including, without limiting the generality of the foregoing, those referred to under §1.7 and all actions taken and decisions made by the
            Committee or by such officers in this regard will be final, conclusive and binding on all parties concerned, including, but not limited to, the Corporation, the Eligible Person, and their legal representatives.

        

        

        Incorporation of Terms of Plan

        

        

        1.9         Subject to specific variations approved by the Board all terms and
            conditions set out herein will be incorporated into and form part of each Restricted Share Unit and each Deferred Share Unit granted under this Plan.

        

        

        Maximum Number of Shares

        

        

        1.10          The aggregate number of Shares that may be reserved for issuance,
            at any time, under this Plan and under any other Security Based Compensation Agreements adopted by the Corporation, including the Corporation’s Stock Option Plan, shall not exceed 7,581,925 Shares, being 20% of the total Outstanding Issue as at the date hereof.

        

        

        1.11          Any Shares subject to a Restricted Share Unit or Deferred Share
            Unit which has been granted under the Plan and which is cancelled or terminated in accordance with the terms of the Plan without being paid out in Shares as provided for in this Plan shall again be available under the Plan.  In addition, any
            Restricted Share Unit or Deferred Share Unit which has been granted under the Plan and which is paid out in cash as provided for in this Plan shall again be available under the Plan.

         

          

        
          
            

          - 6 -

        

        PART 2

        AWARDS UNDER THIS PLAN

        

        

        Eligibility

        

        

        2.1          Awards will be granted only to Eligible Persons. If any Eligible Person is (pursuant to the terms of his or her employment, engagement or otherwise) subject to a requirement that he or she not benefit
            personally from an Award, the Committee may (in its discretion, taking into account relevant corporate, securities and tax laws) grant any Award to which such Person would otherwise be entitled to the Person’s employer or to any other entity
            designated by them that directly or indirectly imposes such requirement on the Person. The Committee shall have the power to determine other eligibility
            requirements with respect to Awards or types of Awards.

        

        

        Limitation on Issuance of Shares to Insiders

        

        

        2.2          Notwithstanding anything in this Plan, the Corporation shall not
            issue Shares under this Plan to any Eligible Person who is an Insider of the Corporation where such issuance would result in:

        

        

        (a)         the total number of Shares issuable at any time
            under this Plan to Insiders, or when combined with all other Shares issuable to Insiders under any other Security Based Compensation Arrangement then in place, exceeding 10% of the total number of issued and outstanding equity securities of the
            Corporation on a non-diluted basis; and

        

        

        (b)          the total number of Shares that may be issued to
            Insiders during any one year period under this Plan, or when combined with all other Shares issued to Insiders under any other Security Based Compensation Arrangement then in place, exceeding 10% of the total number of issued and outstanding
            equity securities of the Corporation on a non diluted basis.

        

        

        Where the Corporation is precluded by this §2.2 from issuing Shares to an Insider of the Corporation, the Corporation will pay to the relevant Insider
            who is (i) a RSU Participant a cash amount equal to the Vesting Date Value as at the Trigger Date of the Restricted Share Unit or (ii) a DSU Participant, cash equal to the Fair Market Value of the Shares on the Redemption Date multiplied by the
            number of Deferred Share Units to be redeemed on such date, in each such case, at the dates set forth in this Plan.

        

        

        Consultants and Advisors

        

        

        2.3        The Board may engage such consultants and advisors as it considers
            appropriate, including compensation or human resources consultants or advisors, to provide advice and assistance in determining the amounts to be paid under this Plan and other amounts and values to be determined hereunder or in respect of this
            Plan including, without limitation, those related to a particular Fair Market Value.

        

        

        PART 3

        RESTRICTED SHARE UNITS

        

        

        RSU Participants

        

        

        3.1          Restricted Share Units that may be granted hereunder to a particular
            Eligible Person in a calendar year will (subject to any applicable terms and conditions and the Board’s discretion) represent a right to a bonus or similar payment to be received for services rendered by such Eligible Person to the Corporation
            or a Related Entity, as the case may be, in the Corporation’s or the Related Entity’s fiscal year ending in, or coincident with, such calendar year.

         

          

        
          
            

          - 7 -

        

        Grant

        

        

        3.2         The Board may, in its discretion, at any time, and from time to
            time, grant Restricted Share Units to Eligible Persons as it determines is appropriate, subject to the limitations set out in this Plan. In making such grants the Board may, in its sole discretion but subject to §3.4(d) , in addition to
            Performance Conditions set out below, impose such conditions on the vesting of the Awards as it sees fit, including imposing a vesting period on grants of Restricted Share Units.

        

        

        Performance Conditions

        

        

        3.3         At the time a grant of a Restricted Share Unit is made, the Board
            may, in its sole discretion, establish such performance conditions for the vesting of Restricted Share Units as may be specified by the Committee in the Award (the “Performance Conditions”). The Board may use such business criteria and other measures of performance as it may deem appropriate in establishing any Performance Conditions, and may exercise its discretion to reduce the amounts
            payable under any Award subject to Performance Conditions. The Board may determine that an Award shall vest in whole or in part upon achievement of any one performance condition or that two or more Performance Conditions must be achieved prior
            to the vesting of an Award. Performance Conditions may differ for Awards granted to any one RSU Participant or to different RSU Participants.

        

        

        Vesting

        

        

        3.4          Except as provided in this Plan, Restricted Share Units issued under
            this Plan will vest on the later of:

        

        

        (a)          the Trigger Date; and

        

        

        (b)          the date upon which the relevant Performance
            Condition set out in the Award has been satisfied,

        

        

        provided that

        

        

        (c)          Restricted Share Units shall only vest on the
            Trigger Date to the extent that the Performance Conditions set out in an Award have been satisfied on or before the Trigger Date; and

        

        

        (d)          no Restricted Share Unit will remain outstanding
            for any period which exceeds the Expiry Date of such Restricted Share Unit.

        

        

        Forfeiture and Cancellation Upon Expiry Date

        

        

        3.5         Restricted Share Units which do not vest on or before the Expiry
            Date of such Restricted Share Unit will be automatically deemed cancelled, without further act or formality and without compensation.

        

        

        Account

        

        

        3.6          Restricted Share Units issued pursuant to this Plan (including
            fractional Restricted Share Units, computed to three digits) will be credited to a notional account maintained for each RSU Participant by the Corporation for the purposes of facilitating the determination of amounts that may become payable
            hereunder. A written confirmation of the balance in each RSU Participant’s account will be sent by the Corporation to the RSU Participant upon request of the RSU Participant.

        

        

        Dividend Equivalents

        

        

        3.7        On any date on which a cash dividend is paid on Shares, a RSU
            Participant’s account will be credited with the number and type of Restricted Share Units (including fractional Restricted Share Units, computed to three digits) calculated by

         

          

        
          
            

          - 8 -

        

        (a)        multiplying the amount of the dividend per Share
            by the aggregate number of Restricted Share Units that were credited to the RSU Participant’s account as of the record date for payment of the dividend, and

        

        

        (b)          dividing the amount obtained in §(a) by the Fair
            Market Value on the date on which the dividend is paid.

        

        

        Adjustments and Reorganizations

        

        

        3.8        In the event of any dividend paid in shares, share subdivision,
            combination or exchange of shares, merger, consolidation, spin-off or other distribution of Corporation assets to shareholders, or any other change in the capital of the Corporation affecting Shares, the Board, in its sole and absolute
            discretion, will make, with respect to the number of Restricted Share Units outstanding under this Plan, any proportionate adjustments as it considers appropriate to reflect that change.

        

        

        Notice and Acknowledgement

        

        

        3.9         No certificates will be issued with respect to the Restricted Share
            Units issued under this Plan. Each RSU Participant will, prior to being granted any Restricted Share Units, deliver to the Corporation a signed acknowledgement substantially in the form of Schedule “A” to this Plan.

        

        

        PART 4

        PAYMENTS UNDER THE RESTRICTED SHARE UNITS

        

        

        Payment of Restricted Share Units

        

        

        4.1         Subject to the terms of this Plan and, without limitation, §4.6 of
            this Plan, the Corporation will pay out vested Restricted Share Units issued under this Plan and credited to the account of a RSU Participant by paying or issuing (net of any Applicable Withholding Tax) to such RSU Participant, on the 10th business day following the Trigger Date but no later than the Expiry Date of such Vested Restricted Share Unit, an Award Payout of either at the Corporation’s
            discretion:

        

        

        (a)          subject to receipt of the
            Required Approvals, one Share for such whole Vested Restricted Share Unit. Fractional Shares shall not be issued and where a RSU Participant would be entitled to receive a fractional Share in respect of any fractional Vested Restricted Share
            Unit, the Corporation shall pay to such RSU Participant, in lieu of such fractional Share, cash equal to the Vesting Date Value as at the Trigger Date of such fractional Share. Each Share issued by the Corporation pursuant to this Plan shall be
            issued as fully paid and non-assessable, or

        

        

        (b)          a cash amount equal to the
            Vesting Date Value as at the Trigger Date of such Vested Restricted Share Unit.

        

        

        Cancellation on Termination

        

        

        4.2         Subject to §4.3 and §4.4 of this Plan, unless the Board at any time
            otherwise determines, all unvested Restricted Share Units held by any RSU Participant and all rights in respect thereof will be automatically cancelled, without further act or formality and without compensation, immediately in the event of
            Termination.

        

        

        Retirement, Total Disability or Death

        

        

        4.3          Notwithstanding anything else in this Plan, if a RSU Participant
            ceases to be an Eligible Person for any of the following reasons, all unvested Restricted Share Units held by such RSU Participant will not be canceled but will immediately be automatically vested, without further act or formality

        
          
            

          - 9 -

        

        (a)          Retirement of the RSU Participant; or

        

        

        (b)          death or Total Disability of a RSU Participant.

        

        

        Termination on Change of Control

        

        

        4.4        Notwithstanding anything else in this Plan, all unvested Restricted
            Share Units held by any RSU Participant will automatically vest, without further act or formality, immediately in the event of a Termination of employment by the Corporation without cause or Termination arising from the resignation or cessation
            of employment or service by the RSU Participant based on a material reduction or change in position, duties or remuneration of the RSU Participant at any time within 12 months after the occurrence of a Change of Control.

        

        

        Early Trigger

        

        

        4.5         Upon the occurrence of an Early Trigger under this Plan, the
            Corporation will pay out on such vested Restricted Share Units issued under this Plan and credited to the account of such RSU Participant by paying (net of any Applicable Withholding Tax) to such RSU Participant on but no later than 10 days
            after the occurrence of the Early Trigger, an Award Payout in an amount equal to the Vesting Date Value as at the date of the occurrence of the Early Trigger of such Restricted Share Unit. Payments in respect of Restricted Share Units credited
            to the accounts of persons who are deceased will be made to or for the benefit of the legal representative of such person in accordance with §4.1.

        

        

        Tax Matters and Applicable Withholding Tax

        

        

        4.6         The Corporation does not assume any responsibility for or in respect
            of the tax consequences of the grant to RSU Participants of Restricted Share Units, or payments received by RSU Participants pursuant to this Plan. The Corporation or relevant Related Entity, as applicable, is authorized to deduct any
            Applicable Withholding Tax, in such manner (including, without limitation, by selling Shares otherwise issuable to RSU Participants, on such terms as the Corporation determines) as it determines so as to ensure that it will be able to comply
            with the applicable provisions of any federal, provincial, state or local law relating to the withholding of tax or other required deductions, or the remittance of tax or other obligations. The Corporation or relevant Related Entity, as
            applicable, may require RSU Participants, as a condition of receiving amounts to be paid to them under this Plan, to deliver undertakings to, or indemnities in favour of, the Corporation or Related Entity, as applicable, respecting the payment
            by such RSU Participant s of applicable income or other taxes.

        

        

        PART 5

        DEFERRED SHARE UNITS

        

        

        Determination of Deferred Share Units

        

        

        5.1          The Board may, before a relevant date in respect of which
            compensation is otherwise payable, grant Designated Deferred Share Unit Compensation to Eligible Persons. In addition, a DSU Participant may elect, in the manner set out in §5.2, 5.3 and 5.4 as applicable, to receive all or a portion of the DSU
            Participant’s Total Cash Compensation (the “Elected Amount”) in
            the form of Deferred Share Units. Deferred Share Units issued pursuant to this Plan will be credited to a notional account maintained for each DSU Participant by the Corporation for the purposes of facilitating the determination of amounts that
            may become payable hereunder. The number of Deferred Share Units (including fractional Deferred Share Units, computed to three digits) to be credited to an DSU Participant will be determined in accordance with §5.5.

        

        

        Elected Amount Proportional Election

        

        

        5.2          At the option of the Board in its sole discretion, the Board may
            provide each DSU Participant with the ability to elect, with respect to a Financial Quarter, to be paid a percentage (from zero to 100% in 25% increments) of the DSU Participant’s Total Cash Compensation, in Deferred Share Units, with the
            balance, if any, being paid in cash, or a combination thereof.

         

          

        
          
            

          - 10 -

        

        Elected Amount Timing of Election

        

        

        5.3         To be effective, an election (set out in the form attached hereto as
            “Schedule B”) with respect to Total Cash Compensation for services must be given to the Corporation not less than five Business Days before the beginning of the calendar year in which the services are performed to which the election relates,
            and in all events before the relevant Total Cash Compensation is otherwise payable.

        

        

        Elected Amount No Election

        

        

        5.4        If the Board has not provided a DSU Participant with the option to
            elect under Section 5.2 or if no election is made in respect of a particular Remuneration Period, the new or existing DSU Participant will receive the Total Cash Compensation in cash and no Deferred Share Units will be credited in respect of
            the particular Remuneration Period.

        

        

        Issue of Deferred Share Units

        

        

        5.5          The number of Deferred Share Units (including fractional Deferred
            Share Units, computed to three digits) to be credited to the account of a DSU Participant

        

        

        (a)         for services in a Financial Quarter and in
            respect of an election as referenced in Section 5.2, may be determined by dividing the Elected Amount (in respect of the DSU Participant’s Total Cash Compensation to be earned in such Financial Quarter) by the Fair Market Value as at the first
            Business Day of the Financial Quarter or such other date as is determined by the Board in its discretion, or

        

        

        (b)       pursuant to a grant of Designated Deferred Share
            Unit Compensation may be determined by dividing the Designated Deferred Share Unit Compensation by the Fair Market Value as of the date of such grant, by the Fair Market Value, as of the date of such grant at the discretion of the Board.

        

        

        Dividend Equivalents

        

        

        5.6          On any date on which a cash dividend is paid on Shares, an DSU
            Participant’s account will be credited with the number of Deferred Share Units (including fractional Deferred Share Units, computed to three digits) calculated by

        

        

        (a)          multiplying the amount of the dividend per Share
            by the aggregate number of Deferred Share Units that were credited to the DSU Participant’s account as of the record date for payment of the dividend, and

        

        

        (b)          dividing the amount obtained in §3.7(a) by the
            Fair Market Value on the date on which the dividend is paid.

        

        

        Eligible Person’s Account

        

        

        5.7         A written confirmation of the balance in each DSU Participant’s
            notional account will be sent by the Corporation to the DSU Participant upon request of the Eligible Person.

        

        

        Adjustments and Reorganizations

        

        

        5.8        In the event of any dividend paid in shares, share subdivision,
            combination or exchange of shares, merger, consolidation, spin-off or other distribution of Corporation assets to shareholders, or any other change in the capital of the Corporation affecting Shares, the Board, in its sole and absolute
            discretion, will make, with respect to the number of Deferred Share Units outstanding under this Plan, any proportionate adjustments as it considers appropriate to reflect that change.

         

          

        
          
            

          - 11 -

        

        PART 6

        REDEMPTION OF DSUS ON TERMINATION OF SERVICE OF DSU PARTICIPANTS

        

        

        Redemption of Deferred Share Units – Non‐U.S. Directors

        

        

        6.1         On or after the Separation Date but no later than December 15 of the
            first calendar year commencing after the year in which the Separation Date occurred (the “Redemption Date”), the Corporation shall redeem the Deferred Share Units of a DSU Participant by providing a notice to the DSU Participant (in the form attached hereto as Schedule “C”) (“Redemption Notice”) either (i) pay to an DSU Participant who is not a U.S. Director and who
            has Terminated Service cash equal to the Fair Market Value of the Shares on the Redemption Date multiplied by the number of Deferred Share Units to be redeemed on such date, net of any Applicable Withholding Tax, or (ii) in respect of any
            Deferred Share Units granted and subject to the receipt of the Required Approvals, issue to the DSU Participant who is not a U.S. Director and who has Terminated Service, one Share for each Deferred Share Unit to be redeemed on such date, net
            of any Applicable Withholding Tax.

        

        

        6.2         Notwithstanding §6.1, the Corporation may defer the Redemption Date
            to any other date if such deferral is, in the sole opinion of the Corporation, desirable to ensure compliance with §7.4, provided that in no event shall the Redemption Date be deferred to a date that is later than the end of the calendar year
            after the calendar year in which the Separation Date falls.

        

        

        Redemption of Deferred Share Units – U.S. Directors

        

        

        6.3         The Corporation shall pay an DSU Participant who is a U.S. Director
            and who has Terminated Service, at the Corporation’s option either (i) in cash equal to the Fair Market Value of the Shares on the Separation Date multiplied by the number of Deferred Share Units recorded to the DSU Participant or (ii) in
            respect of Deferred Share Units granted and subject to the receipt of the Required Approvals, in Shares equal to the number Deferred Share Units recorded to the DSU Participant, net of any Applicable Withholding Tax. The Corporation will make
            such payment,

        

        

        (a)          to any such DSU Participant who is a Key
            Employee, as soon as is reasonably possible following the date that is at least six months after the date such Key Employee has Terminated Service, but in any event within eight months of such Key Employee having Terminated Service, and

        

        

        (b)          to any DSU Participant who is not a Key Employee,
            as soon as is reasonably possible following the date the Eligible Person has Terminated Service, but in any event within two months of the date on which the DSU Participant has Terminated Service.

        

        

        Death

        

        

        6.4        In the event of the death of an DSU Participant, the Corporation
            will, within two months of the DSU Participant’s death, pay cash
            equal to the Fair Market Value of the Shares multiplied by the number of Deferred Share Units recorded to the DSU Participant which would be deliverable to the DSU Participant if the DSU Participant had Terminated Service in respect of the
            Deferred Share Units credited to the deceased DSU Participant’s account (net of any Applicable Withholding Tax) to or for the benefit of the legal representative of the DSU Participant. The Fair Market Value will be calculated on the date of
            death of the DSU Participant.

         

          

        
          
            

          - 12 -

        

        Applicable Withholding Tax

        

        

        6.5        The Corporation does not assume any responsibility for or in respect
            of the tax consequences of the grant to DSU Participants of Deferred Share Units, or payments received by DSU Participants pursuant to this Plan. The Corporation or relevant Related Entity, as applicable, is authorized to deduct any Applicable
            Withholding Tax, in such manner (including, without limitation, by selling Shares otherwise issuable to DSU Participants, on such terms as the Corporation determines) as it determines so as to ensure that it will be able to comply with the
            applicable provisions of any federal, provincial, state or local law relating to the withholding of tax or other required deductions, or the remittance of tax or other obligations. The Corporation or relevant Related Entity, as applicable, may
            require DSU Participants, as a condition of receiving amounts to be paid to them under this Plan, to deliver undertakings to, or indemnities in favour of, the Corporation or Related Entity, as applicable, respecting the payment by such DSU
            Participant s of applicable income or other taxes.

        

        

        PART 7

        MISCELLANEOUS

        

        

        Compliance with Applicable Laws

        

        

        7.1       The issuance by the Corporation of any Restricted Share Units or
            Deferred Share Units and its obligation to make any payments hereunder is subject to compliance with all applicable laws. As a condition of participating in this Plan, each Participant agrees to comply with all such applicable laws and agrees
            to furnish to the Corporation all information and undertakings as may be required to permit compliance with such applicable laws. The Corporation will have no obligation under this Plan, or otherwise, to grant any Restricted Share Unit and/or
            Deferred Share Unit or make any payment under this Plan in violation of any applicable laws.

        

        

        The Corporation intends that the Awards and payments provided for in this Plan either be exempt from Section 409A of the Code, or be
            provided in a manner that complies with Section 409A of the Code, and any ambiguity herein shall be interpreted so as to be consistent with the intent of this Section 7.1. In no event whatsoever shall the Corporation be liable for any
            additional tax, interest or penalty that may be imposed on the any person by Section 409A of the Code or damages for failing to comply with Section 409A. Notwithstanding anything contained herein to the contrary, all payments under this Plan to
            paid or provided at the time of a termination of employment or service will be paid at a termination of employment or service that constitutes a “separation from service” from the Corporation within the meaning of Section 409A of the Code and
            the regulations and guidance promulgated thereunder (determined after applying the presumptions set forth in Treas. Reg. Section 1.409A-1(h)(1)). Further, if at the time of a Participant’s termination of employment with the Corporation, the
            Participant is a “specified employee” as defined in Section 409A of the Code as determined by the Corporation in accordance with Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable
            hereunder as a result of such termination of employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Corporation will defer the payment hereunder until the date that is at least six
            (6) months following the Participant’s termination of employment with the Corporation (or the earliest date permitted under Section 409A of the Code).

        

        

        Non‐Transferability

        

        

        7.2         Restricted Share Units, Deferred Share Units and all other rights,
            benefits or interests in this Plan are non‐transferable and may not be pledged or assigned or encumbered in any way and are not subject to attachment or garnishment, except that if a Participant dies the legal representatives of the Participant
            will be entitled to receive the amount of any payment otherwise payable to the Participant hereunder in accordance with the provisions hereof.

        

        

        No Right to Service

        

        

        7.3          Neither participation in this Plan nor any action under this Plan
            will be construed to give any Eligible Person or Participant a right to be retained in the service or to continue in the employment of the Corporation or any Related Entity, or affect in any way the right of the Corporation or any Related
            Entity to terminate his or her employment at any time.

         

          

        
          
            

          - 13 -

        

        Applicable Trading Policies

        

        

        7.4         The Board and each Participant will ensure that all actions taken
            and decisions made by the Board or the Participant, as the case may be, pursuant to this Plan comply with any applicable securities laws and policies of the Corporation relating to insider trading or “blackout” periods.

        

        

        Successors and Assigns

        

        

        7.5          This Plan will enure to the benefit of and be binding upon the
            respective legal representatives of the Eligible Person or Participants.

        

        

        Plan Amendment

        

        

        7.6

        

        

        (a)         The Board may at any time, and from time to time,
            and without shareholder approval, amend any provision of the Plan, subject to any regulatory or stock exchange requirement at the time of such amendment, including, without limitation:

        

        

        (i)          amendments to the termination provisions of
            Section 7.8;

        

        

        (ii)         amendments necessary or advisable because of any
            change in application securities or tax laws;

        

        

        (iii)        amendments to Section 1.7 relating to the
            administration of the Plan;

        

        

        (iv)        any other amendment, fundamental or otherwise,
            not requiring shareholder approval under applicable laws or the rules of the TSX, including amendments of a ‘‘housekeeping’’ nature.

        

        

        (b)       Notwithstanding Section 7.6(a), none of the
            following amendments shall be made to this Plan without approval by shareholders or disinterested shareholders (as applicable) by ordinary resolution:

        

        

        (i)          amendments to this Plan which would increase the
            number of securities issuable under this Plan, otherwise than in accordance with the terms of this Plan which permit the Board to make equitable adjustments in the event of transactions affecting the Corporation or its capital;

        

        

        (ii)        amendments to this Plan which would increase the
            number of securities issuable to Insiders, otherwise than in accordance with the terms of this Plan;

        

        

        (iii)        amendments permitting awards other than
            Restricted Share Units or Deferred Share Units to be made under this Plan;

        

        

        (iv)       an amendment that would permit Restricted Share
            Units or Deferred Share Units to be granted to persons other than Eligible Person on a discretionary basis; and

        

        

        (v)         amendments deleting or reducing the range of amendments which require shareholders’ approval under this Section 7.6(b).

        

        

        (c)         No amendment will, without the consent of any
            Eligible Person or unless required by law (or for compliance with applicable corporate, securities or tax law requirements or related industry practice), adversely affect the rights of a Eligible Person or Participant with respect to Restricted
            Share Units or Deferred Share Units to which the Eligible Person or Participant is then entitled under this Plan.

         

          

        
          
            

          - 14 -

        

        Plan Termination

        

        

        7.7         The Board may terminate this Plan at any time, but no termination
            will, without the consent of the Participant or unless required by law, adversely affect the rights of a Participant respect to Restricted Share Units or Deferred Share Units to which the Participant is then entitled under this Plan. In no
            event will a termination of this Plan accelerate the vesting of Restricted Share Units or Deferred Share Units or the time at which a Participant would otherwise be entitled to receive any payment in respect of Restricted Share Units or
            Deferred Share Units hereunder.

        

        

        Governing Law

        

        

        7.8          This Plan and all matters to which reference is made in this Plan will
            be governed by and construed in accordance with the laws of British Columbia and the federal laws of Canada applicable therein.

        

        

        Reorganization of the Corporation

        

        

        7.9          The existence of this Plan or Restricted Share Units or Deferred
            Share Units will not affect in any way the right or power of the Corporation or its shareholders to make or authorize any adjustment, recapitalization, reorganization or other change in the Corporation’s capital structure or its business, or to
            create or issue any bonds, debentures, Shares or other securities of the Corporation or to amend or modify the rights and conditions attaching thereto or to effect the dissolution or liquidation of the Corporation, or any amalgamation,
            combination, merger or consolidation involving the Corporation or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar nature or otherwise.

        

        

        No Shareholder Rights

        

        

        7.10       Restricted Share Units and Deferred Share Units are not considered to
            be Shares or securities of the Corporation, and a Participant who is granted Restricted Share Units or Deferred Share Units will not, as such, be entitled to receive notice of or to attend any shareholders’ meeting of the Corporation, nor
            entitled to exercise voting rights or any other rights attaching to the ownership of Shares or other securities of the Corporation, and will not be considered the owner of Shares by virtue of such issuance of Restricted Share Units or Deferred
            Share Units.

        

        

        No Other Benefit

        

        

        7.11        No amount will be paid to, or in respect of, an Eligible Person
            under this Plan to compensate for a downward fluctuation in the Fair Market Value or price of a Share, nor will any other form of benefit be conferred upon, or in respect of, a Eligible Person for such purpose.

        

        

        Unfunded Plan

        

        

        7.12       For greater certainty, the crediting of any Award to the notional
            accounts set out in this Plan for any Participant does not confer any entitlement, benefits, or any rights of a similar nature or otherwise, aside from the rights expressly set out in this Plan, and this Plan will be an unfunded plan, including
            for tax purposes and for purposes of the Employee Retirement Income Security Act (United States). Any Participant to which Restricted Share Units or
            Deferred Share Units (as the case may be) are credited to his or her account or holding Restricted Share Units or Deferred Share Units (as the case may be) or related accruals under this Plan will have the status of a general unsecured creditor
            of the Corporation with respect to any relevant rights that may arise thereunder.

         

          

        
          
            

        

        SCHEDULE “A”

         

          

        VIEMED HEALTHCARE, INC.

         

          

        RESTRICTED SHARE UNIT AND DEFERRED SHARE UNIT PLAN

         

          

        NOTICE OF RESTRICTED SHARE UNIT GRANTED

        

        

        Viemed Healthcare, Inc. (the “Corporation”) hereby confirms
            the grant to the undersigned RSU Participant of Restricted Share Units (“Units”) described in the table below pursuant to the Corporation’s Restricted
            Share Unit Plan (the “Plan”), a copy of which Plan has been provided to the undersigned RSU Participant.

        

        

        Capitalized terms not specifically defined in this Notice have the respective meanings ascribed to them in the Plan.

        

        

        	
                No. of Units

              	
                Trigger Date

              	
                Expiry Date

              
	 	 	 
	 	 	 
	 	 	 

        

        

        [Include any specific/additional vesting period or Performance Conditions]

        

        

        
          DATED ____________________, 20____.

        

        

        

        	
                VIEMED HEALTHCARE, INC.

              
	 	 	 
	
                Per:

              	 	 
	 	
                Authorized Signatory

              	 

        

        

        The undersigned hereby accepts such grant, acknowledges being a RSU Participant under the Plan, agrees to be bound by the provisions thereof and agrees
            that the Plan will be effective as an agreement between the Corporation and the undersigned with respect to the Units granted or otherwise issued to it.

        

        

        [If the Units are being issued to a U.S. RSU Participant, include the following additional provisions:

        

        

        The undersigned acknowledges and agrees that:

        

        

        
          
            	1.	
                    The Units and any Shares that may be issued in respect of vested Units pursuant to the Plan have not been and will not be registered under the United States Securities
                        Act of 1933, as amended (the “U.S. Securities Act”), and will constitute “restricted securities” as such term is defined in Rule 144 under the
                        U.S. Securities Act;

                  

          

        

        

        

        
          
            	2.	
                    The certificate(s) representing the Shares will be endorsed with the following or a similar legend until such time as it is no longer required under the applicable
                        requirements of the U.S. Securities Act or applicable state securities laws:

                  

             

            

          

        

        
          
            

          - 2 -

        

        
        “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
            (THE “U.S. SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE CORPORATION, THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE
            TRANSFERRED ONLY (A) TO THE CORPORATION; (B) OUTSIDE THE UNITED STATES IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT; (C) IN ACCORDANCE WITH THE EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT PROVIDED BY
            RULE 144 THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS; OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS, AND, IN THE CASE
            OF CLAUSE (C) OR (D), THE SELLER FURNISHES TO THE CORPORATION AN OPINION OF COUNSEL OF RECOGNIZED STANDING IN FORM AND SUBSTANCE SATISFACTORY TO THE CORPORATION TO SUCH EFFECT. THE PRESENCE OF THIS LEGEND MAY IMPAIR THE ABILITY OF THE HOLDER
            HEREOF TO EFFECT “GOOD DELIVERY” OF THE SECURITIES REPRESENTED HEREBY ON A CANADIAN STOCK EXCHANGE.”

        

        

        provided, that if the Shares are being sold outside the United States in compliance with the requirements of Rule 904 of Regulation
            S under the U.S. Securities Act (“Regulation S”) and the  Shares were issued at a time when the Corporation is a “foreign issuer” as defined in Regulation
            S, the legend set forth above may be removed by providing an executed declaration to the registrar and transfer agent of the Corporation, in such form as the Corporation may prescribe from time to time and, if requested by the Corporation or
            the transfer agent, an opinion of counsel of recognized standing in form and substance satisfactory to the Corporation and the transfer agent to the effect that such sale is being made in compliance with Rule 904 of Regulation S; and provided,
            further, that, if any Shares are being sold otherwise than in accordance with Regulation S and other than to the Corporation, the legend may be removed by delivery to the registrar and transfer agent and the Corporation of an opinion of
            counsel, of recognized standing reasonably satisfactory to the Corporation, that such legend is no longer required under applicable requirements of the U.S. Securities Act or state securities laws; and

        

        

        
          
            	3.	
                    If the undersigned is resident in the State of California on the effective date of the grant of the Units, then, in addition to the terms and conditions contained in
                        the Plan and in this Notice, the undersigned acknowledges that the Corporation, as a reporting issuer under the securities legislation in certain Provinces of Canada, is required to publicly file with the securities regulators in
                        those jurisdictions continuous disclosure documents, including audited annual financial statements and unaudited quarterly financial statements (collectively, the “Financial Statements”). Such filings are available on the System for Electronic Document Analysis and Retrieval (SEDAR), and documents filed on SEDAR may be viewed under the Corporation’s profile at the
                        following website address: www.sedar.com. Copies of Financial Statements will be made available to the undersigned by the Corporation upon the undersigned’s request.]

                  

          

        

        

        

        
          DATED ____________________, 20____.

        

        

        

        	 	 	 
	
                Witness (Signature)

              	 	 
	 	 	 
	
                Name (please print)

              	 	 
	 	 	
                RSU Participant’s Signature

              
	
                Address

              	 	 
	 	 	 
	
                City, State/Province

              	 	
                Name of RSU Participant (print)

              
	 	 	 
	
                Occupation

              	 	 

         

        

        
          
            

          - 3 -

        

        SCHEDULE “B”

        

        

        VIEMED HEALTHCARE, INC.

        

        

        RESTRICTED SHARE UNIT AND DEFERRED SHARE UNIT PLAN

        

        

        DEFERRED SHARE UNIT ELECTED AMOUNT

        

        

        	
                No. of Units

              	
                Elected Amount

              
	 	 
	 	 
	 	 

        

        

        
          DATED ____________________, 20____.

        

        

        

        	
                VIEMED HEALTHCARE, INC.

              
	 
	
                Per:

              	 	 
	 	
                Authorized Signatory

              	 

        

        

        The undersigned hereby accepts such grant, acknowledges being a DSU Participant under the Plan, agrees to be bound by the provisions thereof and agrees
            that the Plan will be effective as an agreement between the Corporation and the undersigned with respect to the Units granted or otherwise issued to it.

        

        

        DATED ____________________, 20____.

        

        

        	
                Witness (Signature)

              	 	 
	 	 	 
	
                Name (please print)

              	 	 
	 	 	
                DSU Participant’s Signature

              
	
                Address

              	 	 
	 	 	 
	
                City, State/Province

              	 	
                Name of DSU Participant (print)

              
	 	 	 
	
                Occupation

              	 	 

        

        

        
          
            

          - 4 -

        

        SCHEDULE “C”

        

        

        REDEMPTION NOTICE FOR DEFERRED SHARE UNITS

        

        

        VIEMED HEALTHCARE, INC.

         (the “Corporation”)

        

        

        Restricted Share Unit and Deferred Share Unit Plan

        (the “Plan”)

        

        

        	
                Note:  

                

              	All

                  capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Plan.

        

        

        Viemed Healthcare, Inc. (the “Corporation”) hereby confirms
            the redemption to the undersigned DSU Participant of Deferred Share Units (“Units”) described in the table below pursuant to the Corporation’s Deferred
            Share Unit Plan (the “Plan”), a copy of which Plan has been provided to the undersigned RSU Participant.

        

        

        The Corporation will redeem all the Deferred Share Units credited to the DSU Participant’s account under the Plan on the following redemptions date, or
            dates, which in each case shall be at least 3 Business Days following the date on which this Redemption Notice is received by the DSU Participant but no later than [December 15] of the first calendar year commencing after the year of the Separation Date, net of Applicable Withholding Taxes.

        

        

        	
                Percentage of Units

                (expressed as a percentage totaling

                100%)

              	
                Check if

                Redeemed

                for Cash

              	
                Redemption Date(s)

              
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 
	 	☐	 

        

        

        
          
            

          - 5 -

        

        DATED ____________________, 20____.

        

        

        	
                VIEMED HEALTHCARE, INC.

              	 
	  	 
	
                Per:

              	 	 
	 	
                Authorized Signatory

              	 

        

        

        The undersigned hereby confirms that the undersigned is: 

        

        

        
          	 	
                  ☐

                	
                  subject to U.S. income tax in respect of Units issued under the Plan (a “US Director”), or

                

        

        
          
            	

                  	☐	
                    not a US Director

                  

          

        

        

        

        [If the Units are being issued to a U.S. DSU Participant include the following additional provisions:

        

        

        The undersigned acknowledges and agrees that:

        

        

        
          
            	1.	
                    The Units and any Shares that may be issued in respect of vested Units pursuant to the Plan have not been and will not be registered under the United States Securities
                        Act of 1933, as amended (the “U.S. Securities Act”), and will constitute “restricted securities” as such term is defined in Rule 144 under the
                        U.S. Securities Act;

                  

          

        

        

        

        
          
            	2.	
                    The certificate(s) representing the Shares will be endorsed with the following or a similar legend until such time as it is no longer required under the applicable
                        requirements of the U.S. Securities Act or applicable state securities laws:

                  

          

        

        

        

        “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
            (THE “U.S. SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES FOR THE BENEFIT OF THE CORPORATION, THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE
            TRANSFERRED ONLY (A) TO THE CORPORATION; (B) OUTSIDE THE UNITED STATES IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT; (C) IN ACCORDANCE WITH THE EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT PROVIDED BY
            RULE 144 THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAWS; OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS, AND, IN THE CASE
            OF CLAUSE (C) OR (D), THE SELLER FURNISHES TO THE CORPORATION AN OPINION OF COUNSEL OF RECOGNIZED STANDING IN FORM AND SUBSTANCE SATISFACTORY TO THE CORPORATION TO SUCH EFFECT. THE PRESENCE OF THIS LEGEND MAY IMPAIR THE ABILITY OF THE HOLDER
            HEREOF TO EFFECT “GOOD DELIVERY” OF THE SECURITIES REPRESENTED HEREBY ON A CANADIAN STOCK EXCHANGE.”

        

        

        provided, that if the Shares are being sold outside the United States in compliance with the requirements of Rule 904 of Regulation
            S under the U.S. Securities Act (“Regulation S”) and the  Shares were acquired at a time when the Corporation is a “foreign issuer” as defined in
            Regulation S, the legend set forth above may be removed by providing an executed declaration to the registrar and transfer agent of the Corporation, in such form as the Corporation may prescribe from time to time and, if requested by the
            Corporation or the transfer agent, an opinion of counsel of recognized standing in form and substance satisfactory to the Corporation and the transfer agent to the effect that such sale is being made in compliance with Rule 904 of Regulation S;
            and provided, further, that, if any Shares are being sold otherwise than in accordance with Regulation S and other than to the Corporation, the legend may be removed by delivery to the registrar and transfer agent and the Corporation of an
            opinion of counsel, of recognized standing reasonably satisfactory to the Corporation, that such legend is no longer required under applicable requirements of the U.S. Securities Act or state securities laws; and

         

          

        
          
            

          - 6 -

        

        
          
            	3.	
                    If the undersigned is resident in the State of California on the effective date of the grant of the Units, then, in addition to the terms and conditions contained in
                        the Plan and in this Notice, the undersigned acknowledges that the Corporation, as a reporting issuer under the securities legislation in certain Provinces of Canada, is required to publicly file with the securities regulators in
                        those jurisdictions continuous disclosure documents, including audited annual financial statements and unaudited quarterly financial statements (collectively, the “Financial Statements”). Such filings are available on the System for Electronic Document Analysis and Retrieval (SEDAR), and documents filed on SEDAR may be viewed under the Corporation’s profile at the
                        following website address: www.sedar.com. Copies of Financial Statements will be made available to the undersigned by the Corporation upon the undersigned’s request.]

                  

          

        

        

        

        	 	 	 
	
                Date

              	 	
                (Signature of DSU Participant)

              
	 	 	 
	 	 	
                (Name of DSU Participant in Block Letters)

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