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

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 15
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 ELECTION OF DAVID WEINSTEIN, JAMES A. MCNULTY, DOUGLAS W. CALDER, AND MARK A. COLLINS, AS DIRECTORS, AND PROXIES SOLICITED BY THE BOARD WILL BE VOTED IN FAVOR THEREOF UNLESS A STOCKHOLDER HAS INDICATED OTHERWISE ON THE PROXY.

<div align='center'>CORPORATE GOVERNANCE</div>

Composition of the Board of Directors

Our Amended and Restated Certificate
of Incorporation, as amended, and Bylaws provide that our Board will consist of such number of directors as determined from time to time
by resolution adopted by our Board. The size of our Board is currently fixed at five directors. Subject to any rights applicable to any
then-outstanding shares of preferred stock, any vacancies or newly created directorships resulting from an increase in the authorized
number of directors may be filled by a majority of the directors then in office. Stockholders vote to elect directors with a term expiring
each year at our annual meeting.

Director Nomination Process

Our Board has a Nominating and
Corporate Governance Committee that identifies individuals qualified to become Board members and recommends to the Board proposed nominees
for Board membership.

Director candidates are considered
based upon a variety of criteria, including demonstrated business and professional skills, experience relevant to our business and strategic
direction, concern for long-term stockholder interests, personal integrity, and sound business judgment. The Board seeks men and women
from diverse professional backgrounds who combine a broad spectrum of relevant industry and strategic experience and expertise that, in
concert, offer us and our stockholders’ diversity of opinion and insight in the areas most important to us and our corporate mission.
However, we do not have a formal policy concerning the diversity of the Board. All director candidates must have time available to devote
to the activities of the Board. We also consider the independence of director candidates, including the appearance of any conflict in
serving as a director. A director who does not meet all of these criteria may still be considered for nomination to the Board, if our
independent directors believe that the candidate will make an exceptional contribution to us and our stockholders.

Generally, when evaluating and
recommending candidates for election to the Board, members of the Nominating and Corporate Governance Committee and in certain cases other
members of the Board will conduct candidate interviews, evaluate biographical information, and background material and assess the skills
and experience of candidates in the context of the