Company: LNAI
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001731122-25-001378
Chunk: 26

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 26
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. Mr. Fuentes
would receive benefits provided to similarly situated employees of the Company and four (4) weeks’ vacation per year.

Termination. The
Employment Agreement could be terminated by the Company for “Cause” or by Mr. Fuentes without “Good Reason” (each
as defined therein), in which case Mr. Fuentes would only receive accrued compensation and benefits. In the event the Company terminates
the Employment Agreement without Cause or Mr. Fuentes terminates the Agreement with Good Reason, Mr. Fuentes would receive Base Salary
owing to him through date of termination plus Base Salary for six (6) months.

Description of the Equity Grant.Upon appointment to Chief Financial Officer, Mr. Fuentes would be granted an equity incentive grant in the
amount of 25,000, 5-year stock options to purchase common stock of the Company which shall have a strike price equal to the closing price
of the common stock on the Employment Date and shall vest ratably on a quarterly basis over a period of eight quarters commencing on the
Employment Date. Additionally, the Company shall grant to the Senior Executive a discretionary equity grant on the first anniversary of
the Employment Date in an amount and on such terms as determined in the sole discretion of the company.

Outstanding Equity Awards at Fiscal Year-End

The following table provides information
concerning outstanding equity awards held by our named executive officers as of June 30, 2025.

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| Option Awards*             
 Name                       |     | Number of   
 Securities  
 Underlying  
 Unexercised 
 Options (#) 
 Exercisable |        |     | Number of     
 Securities    
 Underlying    
 Unexercised   
 Options (#)   
 Unexercisable |         |     | Option   
 Exercise 
 Price    
 ($)      |       |     | Option     
 Expiration 
 Date       |            |     | Stock Awards* 
 Number of     
 Shares        
 or Shares of  
 Stock That    
 Have          
 Not           
 Vested        
 (#)           |   |     | Market    
 Value of  
 Shares or 
 Shares of 
 Stock     
 That      
 Have      
 Not       
 Vested    
 ($)       |   |
|:---------------------------|:----|:------------|-------:|:----|:--------------|--------:|:----|:---------|------:|:----|:-----------|:-----------|:----|:--------------|:--|:----|:----------|:--|
| David