Company: LNAI
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001731122-25-001378
Chunk: 16

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 16
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 then current needs of the Company. In identifying potential director candidates, the
Board may also seek input from the executive officers and may also consider recommendations by employees, community leaders, business
contacts, third-party search firms and any other sources deemed appropriate by such directors. The Board will also consider director candidates
recommended by stockholders to stand for election at the annual meeting of stockholders so long as such recommendations are submitted
in accordance with the procedures described below under “Stockholder Recommendations for Board Candidates.”

Board Leadership Structure

Our Board does not have a specific
policy on whether the offices of Chairman of the Board and Chief Executive Officer should be separate or combined or whether the Chairman
of the Board should be selected from among the independent directors. In the past, the positions of principal executive officer and Chairman
of the Board have been held by different individuals. Currently, David Weinstein serves as our Chief Executive Officer whereas the position
of Chairman of the Board is currently vacant. Our Board believes that it should have the flexibility to make the determinations at any
given time in the way that it believes best to provide appropriate leadership for the Company at that time.

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Board Meeting Attendance

During the year ended June 30,
2025, our Board held 15 meetings and acted by unanimous written consent on 10 occasions. Each director attended at least 75% of the total
number of meetings of our Board and of committees of our Board on which he or she served during the year ended June 30, 2025. We expect
our directors to attend board meetings, meetings of any committees and subcommittees on which they serve and each annual meeting of stockholders.

Director Independence

We are currently listed on the
Nasdaq Stock Market and therefore rely on the definition of independence set forth in the Nasdaq Listing Rules (“”).
Under the Nasdaq Rules, a director will only qualify as an “independent director” if, in the opinion of our Board, that person
does not have a relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a
director. Based upon information requested from and provided by each director concerning his background, employment, and affiliations,
including family relationships, the Board has determined that each of Mr. McNulty, Mr. Calder, and Mr. Collins have no relationships with
us that would interfere with the exercise of independent judgment and are “independent directors” as that term is defined
in the Nasdaq Rules.

Director Attendance