Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 73

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 9B
Chunk 73
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 shares that are subject to an award granted under the 2019 Plan but are forfeited or repurchased by
the Company at the original issue price, or that are subject to an award that terminates without shares being issued, will again be available
for grant and issuance under the 2019 Plan.

Terms
of Options and Stock Appreciation Rights. The Administrator determines many of the terms and conditions of each option and SAR granted
under the 2019 Plan, including whether the option is to be an incentive stock option or a non-qualified stock option, whether the SAR
is a related SAR or a freestanding SAR, the number of shares subject to each option or SAR, and the exercise price of the option and
the periods during which the option or SAR may be exercised. Each option and SAR is evidenced by a grant agreement in such form as the
Administrator approves and is subject to the following conditions (as described in further detail in the 2019 Plan):

Vesting
and Exercisability. Options, restricted shares and SARs become vested and exercisable, as applicable, within such periods, or upon
such events, as determined by the Administrator in its discretion and as set forth in the related grant agreement. The term of each option
is also set by the Administrator. However, a related SAR will be exercisable at the time or times, and only to the extent, that the option
is exercisable and will not be transferable except to the extent that the option is transferable. A freestanding SAR will be exercisable
as determined by the Administrator but in no event after 10 years from the date of grant.

Exercise
Price. Each grant agreement states the related option exercise price, which, in the case of SARs, may not be less than 100% of the
fair market value of the Company’s shares of common stock on the date of the grant. The exercise price of an incentive stock option
granted to a 10% stockholder may not be less than 110% of the fair market value of shares of the Company’s common stock on the
date of grant.

Method
of Exercise. The option exercise price is typically payable in cash, common stock or a combination of cash of common stock, as determined
by the Administrator, but may also be payable, at the discretion of the Administrator, in a number of other forms of consideration.

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Recapitalization;
Change of Control. The number of shares subject to any award, and