Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 53

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 9A
Chunk 53
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 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 director
    of such entity), that is a participant in the transaction, where (a) the related person and all other related persons own in the
    aggregate less than a 10% equity interest in such entity, (b) the related person and his or her immediate family members are not
    involved in the negotiation of the terms of the transaction and do not receive any special benefits as a result of the transaction
    and (c) the amount involved in the transaction equals less than the greater of $200,000 or 5% of the annual consolidated gross revenues
    of the other entity that is a party to the transaction; and

    ●
    a transaction that is specifically
    contemplated by provisions of our charter or bylaws.

The
policy provides that transactions involving compensation of executive officers shall be reviewed and approved by the compensation committee
in the manner