Company: LNAI
Filing Date: 2025-02-19
Form Type: 10-K/A
Source: 0001731122-25-000252
Chunk: 58

Company: Lunai Bioworks Inc.
Filing Date: 2025-02-19
Form: 10-K/A
Chunk 58
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 provisional patents for which we have sought or will seek
further patent protection. As a consequence of these and other factors, our patent applications may fail to result in issued patents with
claims that cover our product candidates in the U.S. or in other countries.

Even if patents have issued or
do successfully issue from patent applications, and even if these patents cover our product candidates, third parties may challenge the
validity, enforceability or scope thereof, which may result in these patents being narrowed, invalidated or held to be unenforceable.
No assurance can be given that if challenged, our patents would be declared by a court to be valid or enforceable.

Even if unchallenged, our patents
and patent applications or other intellectual property rights may not adequately protect our intellectual property, provide exclusivity
for our product candidates or prevent others from designing around our claims. The possibility exists that others will develop products
on an independent basis which have the same effect as our product candidates and which do not infringe 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.

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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