Company: LASE
Filing Date: 2025-02-10
Form Type: 8-K
Source: 0001493152-25-005676
Chunk: 0

Company: Laser Photonics Corp
Filing Date: 2025-02-10
Form: 8-K
Item: Item 8.01
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Item
8.01 Other Events.

On
February 10,2025 Laser Photonics Corporation (the “ Company” or “ Laser Photonics”) entered into a Lease Termination
Agreement with 2701 Maitland Building Associates, LLC, the Landlord of Suite 125 containing approximately 7,981 rentable square feet
that Laser Photonics had leased from November 7, 2022 through December 31, 2025, at a base monthly rent of $14,818.06 (“ Suite 125”).
In light of Laser Photonics entering into a long-term lease at 250 Technology Park. Lake Mary, FL 32746 on July 1, 2024, Laser Photonics
determined that it did not need Suite 125 for its future growth and, since it could not sublet this space, Laser Photonics entered into
the Lease Termination Agreement to reduce its lease expense. Under the terms of the Lease Termination Agreement, Laser Photonics agreed
to pay a monthly termination fee of $14,912.14 base rent plus operating expenses for five months, saving the Company approximately $80,000
in lease payments for 2025.

The
foregoing description of the Lease Termination Agreement does not purport to be complete and is qualified in its entirety by reference
to the Lease Termination Agreement that is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item
9.01 Financial Statements and Exhibits.