Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 345

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 345
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’ 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 employees to us or our stockholders, (c) any action
asserting a claim arising pursuant to any provision of the General Corporation Law of the State of Delaware or our bylaws or (d) any
action or proceeding asserting a claim governed by the internal affairs doctrine or (ii) the federal district court in the State of Delaware
will be the exclusive forum for a cause of action arising under the Securities Act and the Exchange Act. In addition, our bylaws could
make it more difficult for a third party to acquire us or to remove current management through provisions that preclude cumulative voting
in the election of directors and that allow our bylaws to be adopted, amended or repealed by our board of directors.

This
exclusive forum provision will apply to other states and federal law claims including actions arising under the Securities Act (although
our stockholders will not be deemed to have waived our compliance with the federal securities laws and the rules and regulations thereunder).
Section 22 of the Securities Act, however, creates concurrent jurisdiction for federal and state courts over all suits brought to enforce
any