Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 437

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 437
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 to;

    ●
    the amount involved exceeded
    or exceeds $120,000; and

    ●
    any of our directors, executive
    officers or holders of more than 5% of our outstanding capital stock, or any immediate family member of, or person sharing the household
    with, any of these individuals or entities, had or will have a direct or indirect material interest.

For
information on our compensation arrangements, including employment, termination of employment and change in control arrangements, with
our directors and executive officers, see the section titled “Executive Compensation”.

Since
December 31, 2024, we have engaged in the following transactions in an amount that exceeds $120,000 with our directors, executive officers,
holders of more than 5% of our voting securities, and affiliates or immediately family members of our directors, executive officers and
holders of more than 5% of our voting securities, and our co-founders. We believe that all of these transactions were on terms as favorable
as could have been obtained from unrelated third parties.

Indemnification

Our
certificate of incorporation in effect upon the consummation of this offering provides that we may indemnify our directors and officers
to the fullest extent permitted by Delaware law. Our certificate of incorporation provides that we must indemnify our directors and officers
to the fullest extent permitted by Delaware law and must advance expenses, including attorneys’ fees, to our directors and officers
in connection with legal proceedings, subject to very limited exceptions. In addition, we have entered into indemnification agreements
with our directors. See “Compensation Discussion and Analysis-Limitation of Liability and Indemnification” for additional
information regarding these indemnification provisions and agreements.

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