Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 19

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 9
Chunk 19
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 awards,
may suspend or discontinue the 2019 Plan or amend the 2019 Plan in any respect; provided that the Administrator may not, without
approval of the stockholders, amend the 2019 Plan in a manner that requires stockholder approval.

Recapitalization;
Change of Control. The number of shares subject to any award, and the number of shares issuable under the 2019 Plan, are subject
to proportionate adjustment in the event of a stock dividend, spin-off, split-up, recapitalization, merger, consolidation, business combination
or exchange of shares and the like. Except as otherwise provided in any written agreement between the participant and us in effect when
a change in control occurs, in the event an acquiring company does not assume plan awards (i) all outstanding options and SARs shall
become fully vested and exercisable; (ii) for performance-based awards, all performance goals or performance criteria shall be deemed
achieved at target levels and all other terms and conditions met, with award payout prorated for the portion of the performance period
completed as of the change in control and payment to occur within 45 days of the change in control; (iii) all restrictions and conditional
applicable to any restricted stock award shall lapse; (iv) all restrictions and conditions applicable to any restricted stock units shall
lapse and payment shall be made within 45 days of the change in control; and (v) all other awards shall be delivered or paid within 45
days of the change in control.

Other
Provisions. The option grant and exercise agreements authorized under the 2019 Plan, which may be different for each option, may
contain such other provisions as the Administrator deems advisable, including without limitation, (i) restrictions upon the exercise
of the option and (ii) a right of repurchase in favor of us to repurchase unvested shares held by an optionee upon termination of the
optionee’s employment at the original purchase price.

Amendment
and Termination of the 2019 Plan. The Administrator, to the extent permitted by law, and with respect to any shares at the time not
subject to awards, may suspend or discontinue the 2019 Plan or amend the 2019 Plan in any respect; provided that the Administrator may
not, without approval of the stockholders, amend the 2019 Plan in a manner that requires stockholder approval.

Director
Compensation

Under
our non-