Company: LNAI
Filing Date: 2025-01-06
Form Type: 8-K
Source: 0001731122-25-000017
Chunk: 1

Company: Lunai Bioworks Inc.
Filing Date: 2025-01-06
Form: 8-K
Item: Item 5.02
Chunk 1
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 which will vest 200,000 options per year for five years beginning on the first anniversary
of the date of the CEO Employment Agreement.

Mr. van Tilburg is eligible to
participate in the benefit plans and programs generally available to the GEDi Cube’s employees. Mr. van Tilburg will also be entitled
to reimbursement of all reasonable and necessary business expenses incurred or paid by him in the performance of his duties and responsibilities
for GEDi Cube upon submission to GEDi Cube of written evidence of such expenses as GEDi Cube may require in accordance with its business
expense reimbursement policy. If Mr. van Tilburg is terminated without cause or if Mr. van Tilburg terminates his employment for good
reason, GEDi Cube agrees to provide to Mr. van Tilburg as severance: (i) an amount equal to six (6) months of his base salary, (ii) reimbursement
of premiums to continue health care benefits coverage under COBRA for the 6 months following the date of Mr. van Tilburg’s termination
and (iii) accelerated vesting of all time-based equity awards. “ Good Reason” in the CEO Employment Agreement includes the
sale of substantially all of the assets of GEDi Cube or a merger in which the shareholders of GEDi Cube do not retain control.

The summary of the CEO Employment
Agreement set forth above does not purport to be a complete statement of the terms of such document. The summary is qualified in its entirety
by reference to the full text of the CEO Employment Agreement, which will be filed as an exhibit to the Company’s next Quarterly
Report on Form 10-Q.

Mr. van Tilburg does not have any
family relationships with any of the Company’s other officers or directors and he has no direct or indirect material interest in
any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

SIGNATURES