Company: LNAI
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001731122-25-001378
Chunk: 25

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 25
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6) months.

Description of the Equity Grant.Upon appointment to Chief Executive Officer, Mr. Weinstein would be granted an equity incentive grant in the
amount of 160,000, 5-year stock options to purchase common stock of the Company which shall have a strike price equal to the closing price
of the common stock on the Employment Date and shall vest ratably on a quarterly basis over a period of eight quarters commencing on January
1, 2025. Additionally, the Company shall grant to the Senior Executive a discretionary equity grant on the first anniversary of the Employment
Date in an amount of up to 250,000 shares of common stock in such amount and on such terms as determined in the sole discretion of the
Company.

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Nathen Fuentes

On January 6, 2025, the Compensation
Committee approved and presented to the Board an employment agreement whereby Mr. Fuentes would serve as the Company’s Chief Financial
Officer (the “”) which was recommended by the Board for approval by our stockholders. Effective
January 6, 2025, Mr. Fuentes and the Company entered into the Executive Employment Agreement in connection with his appointment to Chief
Financial Officer. The following is a summary of the Employment Terms and other material terms of the Employment Agreement, as amended.

Term. Mr. Fuentes
would serve as Chief Financial Officer for a term of two (2) years with automatic yearly renewal terms thereafter unless terminated at
least 90 days before the expiry of a term.

Duties. Mr. Fuentes
would perform duties consistent with the position of Chief Financial Officer, as directed by and reporting to the Board, and shall be
responsible for overseeing and managing the operational affairs of the business. Mr. Fuentes agrees to devote his full time and efforts
exclusively on behalf of the Company but is not prohibited from participated in non-employment organizations which don’t interfere
with his employment.

Expenses.Mr.
Fuentes would be reimbursed for reasonable and necessary to the conduct by the Senior Executive of the performance of his duties in connection
with the conduct of the Business.

Cash Compensation.
Mr. Fuentes would be entitled to a base salary of Two Hundred Eighty Thousand Dollars ($280,000) per year. Mr. Fuentes would be eligible
for a bonus of up to $40,000 per year based on the Company’s achievement of certain performance goals as determined by the Board.

Benefits