Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 218

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 218
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 not affect the availability of equitable remedies,
such as injunctive relief or rescission. Our certificate of incorporation requires us to indemnify our directors and officers to the
fullest extent permitted by Delaware law, including in circumstances in which indemnification is otherwise discretionary under Delaware
law.

Under
Delaware law, we may indemnify our directors or officers or other persons who were, are or are threatened to be made a named defendant
or respondent in a proceeding because the person is or was our director, officer, employee or agent, if we determine that the person:

conducted
himself or herself in good faith, reasonably believed, in the case of conduct in his or her official capacity as our director or officer,
that his or her conduct was in our best interests, and, in all other cases, that his or her conduct was at least not opposed to our best
interests; and

in
the case of any criminal proceeding, had no reasonable cause to believe that his or her conduct was unlawful.

30

These
persons may be indemnified against expenses, including attorneys’ fees, judgments, fines, including excise taxes, and amounts paid
in settlement, actually and reasonably incurred, by the person in connection with the proceeding. If the person is found liable to the
corporation, no indemnification will be made unless the court in which the action was brought determines that the person is fairly and
reasonably entitled to indemnity in an amount that the court will establish.

Insofar
as indemnification for liabilities under the Securities Act of 1933, as amended – the “Securities Act” – may
be permitted to directors, officers or persons controlling us under the above provisions, we have been informed that, in the opinion
of the SEC, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.

Our
bylaws include a forum selection clause, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes
with us, remove current management or to be acquired by a third party.

Our
bylaws require that, unless we consent in writing to the selection of an alternative forum, either (i) the Court of Chancery of the State
of Delaware is to be the sole and exclusive forum for (a) any derivative action or proceeding brought on our behalf, (b) any action asserting
a claim of breach of a fiduciary duty owed by any of our directors, officers or other