Company: LNAI
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001731122-25-001378
Chunk: 24

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 24
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 we had agreements in place with David Weinstein and Nathen Fuentes. A description of each agreement is set forth below.

David Weinstein

On October 14, 2024, the Compensation
Committee approved and presented to the Board an employment agreement whereby Mr. Weinstein would serve as the Company’s Chief Executive
Officer (the “”) which was recommended by the Board for approval by our stockholders. Effective
October 14, 2024, Mr. Weinstein and the Company entered into the Executive Employment Agreement in connection with his appointment to
Chief Executive Officer. The following is a summary of the Employment Terms and other material terms of the Employment Agreement, as amended.

Term. Mr. Weinstein
would serve as Chief Executive Officer for a term of two (2) years with automatic yearly renewal terms thereafter unless terminated at
least 90 days before the expiry of a term.

Duties. Mr. Weinstein
would perform duties consistent with the position of Chief Executive Officer, as directed by and reporting to the Board, and shall be
responsible for overseeing and managing the operational affairs of the business. Mr. Weinstein agrees to devote his full time and efforts
exclusively on behalf of the Company but is not prohibited from participated in non-employment organizations which don’t interfere
with his employment.

Expenses.Mr.
Weinstein would be reimbursed for reasonable and necessary to the conduct by the Senior Executive of the performance of his duties in
connection with the conduct of the Business.

Cash Compensation.
Mr. Weinstein would be entitled to a base salary of Four Hundred Thousand Dollars ($400,000) per year. Mr. Weinstein would be eligible
for a bonus of up to $150,000 per year based on the Company’s achievement of certain performance goals as determined by the Board.
Mr. Weinstein is also entitled to a one-time signing bonus of $25,000 upon raising $2,000,000 in additional capital.

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