Company: LNAI
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001731122-25-001378
Chunk: 68

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 68
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 Section 3.4.2 is amended and restated to read: |

| 3.4.2. | Clawbacks |

All awards,
amounts, or benefits received or outstanding under the Plan (including in the event of a restatement of the Company’s financial
statements) shall be subject to clawback, cancellation, recoupment, rescission, payback, reduction, or other similar action in accordance
with any Company clawback or similar policy (“Clawback Policy”) approved by the Board from time to time, any Clawback
Policy the Company is required to adopt pursuant to any applicable law, the listing standards of any national securities exchange in which
the Company’s securities or listed, or as otherwise required by the Dodd-Frank Wall Street Reform and Consumer Protection Act or
other applicable law. In addition, a Grantee may be required to repay to the Company previously paid compensation, whether provided pursuant
to the Plan or an Award Agreement in accordance with the Clawback Policy. A Grantee’s acceptance of an Award shall be deemed to
constitute the Grantee’s acknowledgement of and consent to the Company’s application, implementation, and enforcement of any
applicable Company clawback or similar policy that may apply to the Grantee, whether adopted before or after the Effective Date and whether
before or after the Grant Date of an Award, and any applicable law relating to clawback, cancellation, recoupment, rescission, payback,
or reduction of compensation, and the Grantee’s agreement that the Company may take any actions that may be necessary to effectuate
any such policy or applicable law, without further consideration or action.

| 5. | Section 4.1 of the Plan is amended and restated to read: |

| 4.1. | Authorized Number of Shares |

Subject
to adjustment under Section 15, the total number of Shares authorized to be awarded under the Plan shall not exceed the
sum of 3,476,722 Shares (the Aggregate Reserve), of which no more than 3,476,722 Shares may be issued pursuant to Incentive Stock Options
(ISO Pool). Beginning on each Evergreen Date, the number of Shares available for issuance under the Plan shall automatically increase
by the number of Shares (if any) necessary to cause the total number of Shares then available for issuance under the Plan to equal 15%
of the total number of Shares outstanding on the last day of the immediately preceding fiscal year (“Evergreen Increase”);