Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 355

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 355
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 The options vest over four (4) years
and are exercisable at $5.00 per share. These options were cancelled when Tim Schick was terminated as our CFO on March 27, 2023.

On
December 12, 2022: 180,000 warrants were issued to the following members of Alexander Capital, the Underwriter of the IPO. The warrants
are exercisable at $6.00 per share, between March 28, 2023, and September 29, 2027:

    Christopher Carlin - 
     72,250 
  
    Jonathan Gazdak - 
     55,250 
  
    Rocco Guidicipietro 
     21,250 
  
    Joseph Amato - 
     21,250 
  
    Matt Rista - 
     10,000 

37

On
October 4, 2022, we entered into a marketing agreement with TraDigital Marketing Group. In accordance with the contract we issued to
TraDigital in 2023 350,000 shares of our common stock in full satisfaction of the balance due on our agreement, reflected in Accrued
Expenses at December 31, 2022 in the amount of $829,500 ($2.37 per share, the company’s closing stock price on the contract date).

On
October 18, 2023, we entered into a license agreement with an affiliated company, Fonon Technologies, Inc., which is majority-owned by
ICT Investments, for an exclusive, worldwide, nontransferable license for high power turbo piercing (“Cold Cutting”) laser
cutting technology and any improvements to such technology to allow us to manufacture, sell, export and import products incorporating
such technology in return for our paying a license fee of $350,000 in cash and a one-time grant of 1,000,000 restricted shares of our
common stock to ICT Investments.

On
May 21, 2024 we entered into a license agreement with Fonon Corporation to receive an exclusive, worldwide, sublicensable license to
Fonon’s laser material processing equipment and technology, including all applications of laser cutting, marking, engraving, laser
welding, brazing, ablation, laser drilling, semiconductor chip marking, semiconductor and flat panel display laser processing equipment,
all other laser material processing equipment documented or existing in a form of knowhow and/or trade secrets in return for 3,000,000
restricted shares of