Company: LASE
Filing Date: 2025-11-13
Form Type: DEFR14A
Source: 0001493152-25-022340
Chunk: 31

Company: Laser Photonics Corp
Filing Date: 2025-11-13
Form: DEFR14A
Chunk 31
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 December 31, 2024, pursuant to an arrangement with ICT Investments, the Company paid in total $65,000 for various services and management resources.

For the
year ended December 31,2024, we distributed to Fonon Corporation $5,780,578, the majority of the distributions being related to payroll
costs in connection with marketing and sales support services to the Company, and a lesser amount allocated for shared facility and overhead
costs.

On April
3, 2025, and on April 16, 2025, we received from ICT Investments an unsecured loan in the principal amount of $220,000 and an unsecured
loan in the principal amount of $440,000, respectively, to assist us in meeting certain expenses, including payroll. We issued promissory
notes for each of these loans, with interest at $20,000 and $40,000 respectively, and a maturity date of May 31, 2025, and September
30, 2025, respectively.

On June
27, 2025, we received a temporary advance of $30,000 from Fonon Technologies, Inc. to support short-term liquidity needs. The advance
was unsecured, non-interest bearing, and repayable on demand. We repaid the full amount to Fonon Technologies, Inc. in the subsequent
month.

On August 5, 2025, we entered into
an Asset Purchase Agreement (the “APA”) with Fonon Quantum Technologies, Inc., an affiliate of ICT Investments, to acquire
the assets of Beamer Laser Marking Systems (“Beamer”), the laser capital equipment manufacturing division of ARCH Cutting
Tools, Inc, a Michigan corporation. Under the terms of the APA, we agreed to issue 3,000,000 restricted shares of our common stock to
Fonon Quantum Technologies, Inc. as payment for the Beamer assets, including its intellectual property and all contracts.

Policies and Procedures for Related Party Transactions

We do not have a formal policy regarding approval of transactions with related parties.

Indemnification

Our certificate of incorporation provides that we may indemnify our directors and officers to the fullest extent permitted by Delaware law. Our certificate of incorporation provides that we must indemnify our directors and officers to the fullest extent permitted by Delaware law and must advance expenses, including attorneys’ fees, to our directors and officers in connection with legal proceedings, subject to very limited exceptions.

Delinquent with Section 16(a) Reports