Company: LNAI
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001731122-25-001378
Chunk: 48

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 48
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 Incentives granted to non-employee directors.

Awards subject to forfeiture/clawback.
Awards granted under the Amended Incentive Plan are subject to recoupment in the event of a restatement of our financial statements as
set forth in our clawback policy, if any, approved by our Board from time to time, and in addition, any clawback policy that we are required
to adopt pursuant to the listing standards of any national securities exchange or association on which our securities are listed or as
is otherwise required by the Dodd-Frank Wall Street Reform and Consumer Protection Act or other applicable law.

No liberal change in control definition. The “Change in Control” definition in the Amended Incentive Plan is not a “liberal” definition
and, for example, would not be achieved merely upon stockholder approval of a transaction. A Change in Control transaction (or the stockholder
approval of a plan of complete dissolution or liquidation) must actually occur in order for the Change in Control provisions in the Amended
Incentive Plan to be triggered.]

Restrictions on dividends.
The Amended Incentive Plan provides that no dividends or dividend equivalents shall be paid on any Incentive prior to the vesting of the
underlying shares of Common Stock.

Description of the Amended Incentive Plan

The material features of the Amended
Incentive Plan are outlined below. The following description of the Amended Incentive Plan is a summary only and is qualified in its entirety
by reference to the complete text of the Amended Incentive Plan. Stockholders are urged to read the actual text of the Amended Incentive
Plan in its entirety, a copy of which is attached to this proxy statement as .

Purpose. The purpose of
the Amended Incentive Plan is to enable us to remain competitive and innovative in our ability to attract and retain the services of key
employees, key consultants, and non-employee directors. The Amended Incentive Plan provides for the granting of ISOs, nonqualified stock
options, SARs, restricted stock, restricted stock units, performance awards, and other awards, which may be granted singly, in combination,
or in tandem, and which may be paid in cash or shares of Common Stock. The Amended Incentive Plan is expected to provide flexibility to
the Company’s compensation methods in order to adapt the compensation of its key employees, key consultants, and non-employee directors
to a changing business environment