Company: LNAI
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001731122-25-001316
Chunk: 30

Company: Lunai Bioworks Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 30
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inge our patents or other intellectual
property rights, or that others will design around the claims of patents that we have had issued that cover our product candidates. If
the breadth or strength of protection provided by our patents and patent applications with respect to our product candidates is threatened,
it could jeopardize our ability to commercialize our product candidates and dissuade companies from collaborating with us.

We may also desire to seek a license
from a third party who owns intellectual property that may be useful for providing exclusivity for our product candidates, or for providing
the ability to develop and commercialize a product candidate in an unrestricted manner. There is no guarantee that we will be able to
obtain a license from such a third party on commercially reasonable terms, or at all.

In addition, the United States
Patent and Trademark Office (USPTO) and various foreign governmental patent agencies require compliance with a number of procedural, documentary,
fee payment and other similar provisions during the patent application process. While an inadvertent lapse can in many cases be cured
by payment of a late fee or by other means in accordance with the applicable rules, there are situations in which noncompliance can result
in abandonment or lapse of the patent or patent application, resulting in partial or complete loss of patent rights in the relevant jurisdiction.

We and our licensors have filed
a number of patent applications covering our product candidates or methods of using or making those product candidates. We cannot offer
any assurances about which, if any, patents will be issued with respect to these pending patent applications, the breadth of any such
patents that are ultimately issued or whether any issued patents will be found invalid and unenforceable or will be threatened by third
parties. Because patent applications in the U.S. and most other countries are confidential for a period of time after filing, and some
remain so until issued, we cannot be certain that we or our licensors were the first to file any patent application related to a product
candidate. We or our licensors may also become involved in proceedings regarding our patents, including patent infringement lawsuits,
interference or derivation proceedings, oppositions, and inter partes and post-grant review proceedings before the USPTO, the European
Patent Office and other non-U.S. patent offices.

Third-party claims of intellectual
property infringement may prevent or delay our development and commercialization efforts.

Our success will depend in part
on our ability to commercialize our product candidates without infringing the proprietary rights of others. While some of the