Company: LNAI
Filing Date: 2025-10-15
Form Type: DEF 14A
Source: 0001731122-25-001378
Chunk: 52

Company: Lunai Bioworks Inc.
Filing Date: 2025-10-15
Form: DEF 14A
Chunk 52
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 that the participant
has not acquired from us within six months prior to the exercise date; (iii) by delivering to us or our designated agent an executed irrevocable
option exercise form, together with irrevocable instructions from the participant to a broker or dealer, reasonably acceptable to us,
to sell certain of the shares purchased upon the exercise of the option or to pledge such shares to the broker as collateral for a loan
from the broker and to deliver to us the amount of sale or loan proceeds necessary to pay the purchase price; (iv) by requesting us to
withhold the number of shares otherwise deliverable upon exercise of the Stock Option by the number of shares having an aggregate fair
market value equal to the aggregate Option Price at the time of exercise (i.e.,a cashless net exercise); and (v) by any other
form of valid consideration that is acceptable to the Committee in its sole discretion.

Stock Appreciation Rights.
The Committee is authorized to grant SARs as a stand-alone award, or freestanding SARs, or in conjunction with options granted under the
Amended Incentive Plan, or tandem SARs. SARs entitle a participant to receive an amount equal to the excess of the fair market value of
a share of Common Stock on the date of exercise over the fair market value of a share of our Common Stock on the date of grant. The grant
price of a SAR cannot be less than 100% of the fair market value of a share of our Common Stock on the date of grant. The Committee will
determine the terms of each SAR at the time of the grant, including, without limitation, the methods by or forms in which shares will
be delivered to participants or registered in their names. The maximum term of each SAR, the times at which each SAR will be exercisable,
and provisions requiring forfeiture of unexercised SARs at or following termination of employment or service generally are fixed by the
Committee, except that no freestanding SAR may have a term exceeding ten (10) years and no tandem SAR may have a term exceeding the term
of the option granted in conjunction with the tandem SAR. Distributions to the recipient may be made in Common Stock, cash, or a combination
of both as determined by the Committee.

Restricted Stock and Restricted Stock Units. The Committee is authorized to grant restricted stock and restricted stock units (the “”). Restricted
stock consists of shares of our Common Stock that may not be sold, assigned