Company: LNAI
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001731122-25-001378
Chunk: 55

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 55
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 and conditions as the Committee determines, including terms requiring forfeiture of
awards in the event of a participant’s termination of service. The Committee will specify the circumstances on which performance
awards may be forfeited in the event of a termination of service by a participant prior to the end of a performance period or settlement
of awards. Except as otherwise determined by the Committee, unvested restricted stock will be forfeited upon a participant’s termination
of service during the applicable restriction period. In addition, we may recoup all or any portion of any shares or cash paid to a participant
in connection with any award in the event of a restatement of our financial statements as set forth in our clawback policy, if any, as
such policy may be approved or modified by the Board from time to time.

Awards granted under the Amended
Incentive Plan generally are not assignable or transferable except by will or by the laws of descent and distribution, except that the
Committee may, in its discretion and pursuant to the terms of an award agreement, permit transfers of nonqualified stock options or SARs
not for value to a “Family Member,” which is defined as a person who is a spouse, former spouse, child, stepchild, grandchild,
parent, stepparent, grandparent, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother, sister, brother-in-law,
or sister-in-law, including adoptive relationships, of the applicable individual, any person sharing the applicable individual’s
household (other than a tenant or employee), a trust in which any one or more of these persons have more than 50% of the beneficial interest,
a foundation in which any one or more of these persons (or the applicable individual) control the management of assets, and any other
entity in which one or more of these persons (or the applicable individual) own more than 50% of the voting interests.

Effect of a Change in Control.Except
as may otherwise be provided in a then-effective written agreement, including an award agreement, between a participant and the Company,
upon a Change in Control the Board may, in its discretion and subject to Section 409A of the Code, take one or more actions with respect
to outstanding awards, which actions need not be the same for all participants. Unless otherwise provided in an award agreement, upon
a participant’s Separation from Service immediately prior to, upon, or following a Change in Control for