Exhibit 10.4


 


PROMISSORY NOTE


 


	$439.990.35	 	January 30, 2020




 


For value provided,
Laser Photonics Corporation (“LPC” or the “Maker”) hereby promises to pay to
the order of the ICT Investments, LLC or its registered assigns (hereinafter, collectively with ICT Investments, LLC referred to
as the “Holder”), not later than January 31, 2023 (the "Maturity Date”) the
principal amount of Four Hundred Thirty Nine Thousand Nine Hundred Ninety Nine Dollars and 35 cents ($439,990.35) together with
interest (computed as hereinafter provided) on any and all principal amounts outstanding hereunder from time to time from the date
hereof until payment in full hereof, at a rate per annum equal to 6% computed on the basis of the actual number of days elapsed
from the date of this Note and a year of 365 days. This Note may be prepaid in whole or in part. Notwithstanding any other provision
of this Note, the Holder does not intend to charge, and the Maker shall not be required to pay, any fees or charges in excess of
the maximum permitted by applicable law; any payments in excess of such maximum shall be refunded to the Maker or credited to reduce
the principal hereunder. All interest shall be computed on the daily unpaid principal balance hereof based on a three hundred sixty
(360) day year, and shall be payable monthly in arrears on the last day of each calendar month commencing February 1, 2020, and
upon maturity or acceleration hereof. All payments received by the Holder will be applied first to costs of collection, if any,
then to the accrued and unpaid interest and then the balance to principal. This Note is issued in connection with the sale of industrial
inventory to LPC to be used by LPC in the manufacturing of industrial laser equipment in accordance with the attached Schedule.


 


Payments of principal
and interest in the amount of $13,385.35 will be made by check or electronic payment in immediately available funds in US dollars
sent to the Holder at the address or bank account furnished to Maker for that purpose.


 


1. Expenses of Collection.
The Maker agrees to pay the Holder's reasonable costs in collecting and enforcing this Note, including reasonable attorney's fees.


 


2. Waiver by Holder.
No waiver of any obligation of the Maker under this Note shall be effective unless it is in a writing signed by the Holder. A waiver
by the Holder of any right or remedy under this Note on any occasion shall not be a bar to exercise of the same right or remedy
on any subsequent occasion or of any other right or remedy at any time.


 


3. Notice. Any
notice required or permitted under this Note shall be in writing and shall be deemed to have been given on the date of delivery,
if personally delivered to the party to whom notice is to be given, or on the fifth business day after mailing, if mailed to the
party to whom notice is to be given, by certified mail, return receipt requested, postage prepaid, or overnight courier service
with proof of receipt, and addressed as follows:


 


a. If to the Maker:
1101 N Keller Rd Suite G Orlando FL 32810, with a copy to 1101 Pennsylvania Avenue, N.W., Suite 300 Washington, D.C. 20004, Attn:
Ernest M. Stern, Esq.; or


 






     


     


    

 


b. If to the Holder:
3217 Yattika Place, Longwood FL 32779, Attn: General Manager.


 


4. Waiver by the
Maker. The Maker hereby expressly waives presentment, demand and protest, notice of demand, dishonor and nonpayment of this
Note, and all other notices or demands of any kind in connection with the delivery, acceptance, performance, default or enforcement
hereof, and hereby consents to any delays, extensions of time, renewals, waivers or modifications that may be granted or consented
to by the Holder hereof with respect to the time of payment or any other provision hereof.


 


5. Severability.
In the event any one or more of the provisions of this Note shall for any reason be held to be invalid, illegal or unenforceable,
in whole or in part or in any respect, or in the event that any one or more of the provisions of this Note operate or would prospectively
operate to invalidate this Note, then and in any such event, such provision(s) only shall be deemed null and void and shall not
affect any other provision of this Note and the remaining provisions of this Note shall remain operative and in full force and
effect and in no way shall be affected, prejudiced, or disturbed thereby.


 


6. Governing Law.
This Note shall be governed by and construed and enforced in accordance with the laws of the State of Florida without giving effect
to the conflict of laws principles thereof.


 


	 	LASER PHOTONICS CORPORATION
	 	 
	 	 
	 	By:	/s/ Wayne Tupuola
	 	 	Name: Wayne Tupuola
	 	 	Title: President




 






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SCHEDULE OF INDUSTRIAL EQUIPMENT


 






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