Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 438

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 438
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. The policy calls for the proposed related person transaction
to be reviewed and, if deemed appropriate, approved by the audit committee of our Board of Directors. Whenever practicable, the reporting,
review and approval will occur prior to entry into the transaction. If advance review and approval is not practicable, the committee
will review, and, in its discretion, may ratify the related person transaction. The policy also permits the chairman of the committee
to review and, if deemed appropriate, approve proposed related person transactions that arise between committee meetings, subject to
ratification by the committee at its next meeting. Any related person transactions that are ongoing in nature will be reviewed annually.

A
related person transaction reviewed under the policy will be considered approved or ratified if it is authorized by the committee after
full disclosure of the related person’s interest in the transaction. As appropriate for the circumstances, the committee will review
and consider:

    ●
    the related person’s
    interest in the related person transaction;

    ●
    the approximate dollar
    value of the amount involved in the related person transaction;

    ●
    the approximate dollar
    value of the amount of the related person’s interest in the transaction without regard to the amount of any profit or loss;

    ●
    whether the transaction
    was undertaken in the ordinary course of our business;

    ●
    whether the terms of the
    transaction are no less favorable to us than terms that could have been reached with an unrelated third party;

    ●
    the purpose of, and the
    potential benefits to us of, the transaction; and any other information regarding the related person transaction or the related person
    in the context of the proposed transaction that would be material to investors in light of the circumstances of the particular transaction.

The
committee may approve or ratify the transaction only if the committee determines that, under all of the circumstances, the transaction
is not inconsistent with our best interests. The committee may impose any conditions on the related person transaction that it deems
appropriate.

In
addition to the transactions that are excluded by the instructions to the SEC’s related person transaction disclosure rule, our
Board of Directors has determined that the following transactions do not create a material direct or indirect interest on behalf of related
persons and, therefore, are not related person transactions for purposes of this policy:

    ●
    interests arising solely
    from the related person’s position as an executive officer of another entity (whether or not the person is also a