Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 52

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 9A
Chunk 52
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 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. 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,