Company: LNAI
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001731122-25-001378
Chunk: 49

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 49
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, after giving due consideration to competitive conditions and the impact of applicable tax laws.

Effective Date and Expiration.
The Amended Incentive Plan was approved by the Board on October 12, 2025, subject to the Amended Incentive Plan’s approval by the
stockholders. The Amended Incentive Plan will terminate on July 21, 2033 unless sooner terminated by the Board. No award may be made under
the Amended Incentive Plan after its termination date, but awards made prior to the termination date may extend beyond that date in accordance
with their terms.

Share Authorization. The
number of Authorized Shares under the Amended Incentive Plan will be 3,476,722 shares, 100% of which may be delivered as ISOs. Shares
to be issued may be made available from authorized but unissued shares of our Common Stock, shares held by us in our treasury, or shares
purchased by us on the open market or otherwise. During the term of the Amended Incentive Plan, the Company will at all times reserve
and keep enough shares available to satisfy the requirements of the Amended Incentive Plan. If an award under the Amended Incentive Plan,
or any Prior Plan Award (as defined below) is cancelled, forfeited, or expires, in whole or in part, the shares subject to such forfeited,
expired, or cancelled award may again be awarded under the Amended Incentive Plan; provided, however, that the number of shares of Common
Stock underlying any Incentives under the Amended

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Incentive Plan or any Prior Plan (as defined below) that are retained or repurchased
on the exercise of a Stock Option or the vesting or issuance of any Incentive to cover the exercise price and/or tax withholding required
by the Company in connection with vesting shall not be added back to the Authorized Shares available for issuance under the Amended Incentive
Plan; and provided, further that, in the case of ISOs, the foregoing provisions shall be subject to any limitations under the Code. In
addition, any Shares repurchased using exercise price proceeds will not be available for issuance under the Amended Incentive Plan. Awards
that may be satisfied either by the issuance of Common Stock or by cash or other consideration shall be counted against the maximum number
of shares that may be issued under the Amended Incentive Plan only