Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 133

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 10
Chunk 133
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Policies
and Procedures for Related Person Transactions

Our
Board of Directors has adopted written policies and procedures for the review of any transaction, arrangement or relationship in which
we are a participant, the amount involved exceeds $120,000, and one of our executive officers, directors, director nominees or 5% stockholders
(or their immediate family members), each of whom we refer to as a “related person,” has a direct or indirect material interest.

66

If
a related person proposes to enter into such a transaction, arrangement or relationship, which we refer to as a “related person
transaction,” the related person must report the proposed related person transaction to our chief legal officer or, in the event
we do not have a chief legal officer, to our principal financial officer. The policy calls for the proposed related person transaction
to be reviewed and, if deemed appropriate, approved by the audit committee of our Board of Directors. Whenever practicable, the reporting,
review and approval will occur prior to entry into the transaction. If advance review and approval is not practicable, the committee
will review, and, in its discretion, may ratify the related person transaction. The policy also permits the chairman of the committee
to review and, if deemed appropriate, approve proposed related person transactions that arise between committee meetings, subject to
ratification by the committee at its next meeting. Any related person transactions that are ongoing in nature will be reviewed annually.

A
related person transaction reviewed under the policy will be considered approved or ratified if it is authorized by the committee after
full disclosure of the related person’s interest in the transaction. As appropriate for the circumstances, 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