Company: LNAI
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001731122-25-001378
Chunk: 57

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 57
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 of the following so that the fair value of the award immediately after the
transaction or event is equal to the fair value of the award immediately prior to the transaction or event: (i) the number of shares and
type of Common Stock (or the securities or property) which thereafter may be made the subject of awards; (ii) the number of shares and
type of Common Stock (or other securities or property) subject to outstanding awards; (iii) the number of shares and type of Common Stock
(or other securities or property) specified as the annual per-participant limitation under the Amended Incentive Plan; (iv) the Option
Price of each outstanding Stock Option; (v) the amount, if any, we pay for forfeited shares in accordance with the terms of the Amended
Incentive Plan; and (vi) the number of or exercise price of shares then subject to outstanding SARs previously granted and unexercised
under the Amended Incentive Plan, to the end that the same proportion of our issued and outstanding shares of Common Stock in each instance
shall remain subject to exercise at the same aggregate exercise price; provided, however, that the number of shares of Common Stock (or
other securities or property) subject to any award shall always be a whole number. Notwithstanding the foregoing, no such adjustment shall
be made or authorized to the extent that such adjustment would cause the Amended Incentive Plan or any Stock Option to violate Section
422 of the Code or Section 409A of the Code. All such adjustments must be made in accordance with the rules of any securities exchange,
stock market, or stock quotation system to which we are subject.

Amendment or Discontinuance of the Amended Incentive Plan. The Board may, at any time and from time to time, amend, suspend, or terminate the
Plan as to any Awards that have not been made. An amendment shall be contingent on approval of the shareholders to the extent stated by
the Board, required by applicable law, or required by applicable securities exchange listing requirements. No Awards may be granted after
the Termination Date. The applicable terms and conditions of the Plan, and any terms and conditions applicable to Awards granted before
the Termination Date shall survive the termination of the Plan and continue to apply to such Awards. No amendment, suspension, or termination
of the Plan shall, without the consent of the Grantee, materially impair rights or obligations under any Award theretofore awarded