Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 1183

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 1183
---
. These sessions are part of the
Board’s commitment to continuous learning and staying informed about issues critical to public companies, including cybersecurity.

The responsibility for day-to-day management of cybersecurity
risks lies with our management team, including the Chief Financial Officer. This team is at the forefront of our cybersecurity initiatives,
coordinating both internal and external resources to anticipate, identify, and mitigate cyber threats. Our approach includes regular updates
from internal security teams, leveraging intelligence from various sources, and utilizing advanced security tools to protect our digital
environment.

Item 2. Properties

The Company currently leases the following properties:

    Location
     
    Use
     
    Terms
  
    2080 Century Park East, Suite 906 
Los Angeles, CA 90067
     
    Headquarters
     
    The Company entered into a Lease Agreement on June 19, 2018 for our corporate headquarters located at Century City Medical Plaza. We have a ten-year lease that was for approximately 2,453 square feet at this location. In February 2019, we extended our corporate headquarters to encompass the adjoining suite for approximately 1,101 square feet, bringing the total workspace to 3,554 square feet. The new base rent for this leased premises increases by 3% each year over the term, and ranges from $17,770 per month as of the date of the amendment until the end of the first year to $23,186 per month for the tenth year. The additional suite was in the form of an amendment to the original lease and will expire on the same date as the original lease. The Company was entitled to a total of $148,168 in contributions toward tenant improvements for both spaces.

    101 Plaza Real South, Suite 202,
                    
                    Boca Raton, FL 33432
     
    Lunai Bioworks Inc.
     
    Lunai leases an office lease in Boca Raton, Florida, under a
    36-month operating lease agreement commencing on November 1, 2024, with a maturity date of October 31, 2027. In determining lease asset
    values, the Company considers fixed and variable payment terms, prepayments, incentives, and options to extend, terminate or purchase.

51

Item 3. Legal Proceedings 

Securities Class Action Litigation.
On July 26, 2022 and July 28, 2022, securities class action complaints (the former, the “Chow Action” and the latter,