Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 1163

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 1163
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 maintain a competitive position. Trade secrets and know-how can be difficult to protect. Renovaro
Cube and BioSymetrics expect trade secrets and know-how to, over time, be disseminated within the industry through independent
development, the publication of journal articles describing the methodology and the movement of personnel from academic to industry scientific
positions.

Renovaro
Cube and BioSymetrics each seeks to protect these trade secrets and other proprietary technology, in part, by entering into non-disclosure and
confidentiality agreements with parties who have access to them, such as Renovaro Cube’s and BioSymetrics’ employees, directors,
corporate collaborators, outside scientific collaborators, contract research organizations (“CROs”), contract manufacturers,
suppliers, service providers, consultants, advisors and other third parties. Renovaro Cube and BioSymetrics also enter into confidentiality
and invention or patent assignment agreements with its employees and consultants, and reminds departing employees when they leave their
employment of their continuing confidentiality obligations. Renovaro Cube and BioSymetrics cannot guarantee that they have entered into
such agreements with each party that may have, or have had, access to trade secrets or proprietary technology and processes. Despite Renovaro
Cube’s and BioSymetrics’ efforts, any of these parties may breach the agreements and disclose our proprietary information,
including trade secrets, and we may not be able to obtain adequate remedies for such breaches. Enforcing a claim that a party illegally
disclosed or misappropriated a trade secret is difficult, expensive, and time-consuming, and the outcome is unpredictable. Some
courts outside the respective jurisdictions of BioSymetrics and Renovaro Cube are less willing or unwilling to protect trade secrets.
For example, in China, claims regarding infringement or misappropriation of trade secrets are difficult to prove, and consequently plaintiffs
are rarely successful in bringing these claims. If any of Renovaro Cube’s or BioSymetrics’ trade secrets were to be lawfully
obtained or independently developed by a competitor or other third party, Renovaro Cube and BioSymetrics would have no right to prevent
them from using that technology or information to compete with us. If any of Renovaro Cube’s or BioSymetrics’ trade secrets
were to be misappropriated by, disclosed to, or independently developed by a competitor or other third party, Renovaro Cube’s or
BioSymetrics’ competitive position could be materially and adversely harmed.

Renovaro