Company: LNAI
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001731122-25-001378
Chunk: 54

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 54
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, or that otherwise relate to, in whole or in part, shares of our Common Stock,
if the Committee determines that such other form of award is consistent with the purpose and restrictions of the Amended Incentive Plan.
The terms and conditions of such other form of award shall be specified in the grant. Such other awards may be granted for no cash consideration,
for such minimum consideration as may be required by applicable law, or for such other consideration as may be specified in the grant.

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Vesting, Forfeiture and Recoupment, Assignment. The Committee, in its sole discretion, may determine the terms and conditions upon which an Incentive will become vested,
in whole or in part, or that all or any portion may not be vested until a date, or dates, subsequent to its date of grant, or until the
occurrence of one or more specified events, subject in any case to the terms of the Amended Incentive Plan; provided, however, that except
in the case of (i) death, Total and Permanent Disability (as defined in the Amended Incentive Plan) or retirement of the participant or
(ii) a Change in Control, Incentives shall not vest, and any right of the Company to restrict or reacquire shares of Common Stock subject
to an Incentive shall not lapse, less than one (1) year from the date of grant and any Incentive subject to the satisfaction of any of
the performance criteria over a performance period shall be subject to a performance period of not less than one year, provided that any
time-based vesting with respect to such Incentive may accrue incrementally pursuant to the terms of such Incentive over such one-year
period; and provided further that, notwithstanding the foregoing, Incentives may be granted having time-based vesting of less than one
(1) year from the date of grant so long as no more than five percent (5%) of the Authorized Shares (as adjusted under the Amended Incentive
Plan) may be granted in the aggregate pursuant to such awards other than Incentives granted to non-employee directors. If the Committee
imposes conditions upon vesting, then, subsequent to the date of grant, the Committee may, in its sole discretion, accelerate the date
on which all or any portion of the award may be vested.

The Committee may impose on any
award at the time of grant, such additional terms