LASE · Laser Photonics Corp

ICT Investments, LLC owns the majority of the shares of Fonon Corporation ("Fonon") that received 3,000,000 restricted shares of Laser Photonics Corporation ("Laser Photonics") common stock as disclosed by Fonon in its Form 4 filed on July 11, 2024, under the terms of a License Agreement between Laser Photonics, an affiliate of ICT Investments, and Fonon for an exclusive, worldwide, sub-licensable right of Laser Photonics to Fonon's laser material processing equipment and technology, including all applications of laser cutting, marking, engraving, laser welding, brazing, ablation, laser drilling, semiconductor chip marking, semiconductor and FPD (flat panel display) laser processing equipment, all other laser material processing equipment documented or existing in a form of knowhow and/or trade secrets.

On May 21, 2024, Laser Photonics entered into a License Agreement with Fonon Corporation ("Fonon") to receive an exclusive, worldwide, sublicensable license to Fonon's laser material processing equipment and technology, including all applications of laser cutting, marking, engraving, laser welding, brazing, ablation, laser drilling, semiconductor chip marking, semiconductor and FPD (flat panel display) laser processing equipment, all other laser material processing equipment documented or existing in a form of knowhow and/or trade secrets in return for 3,000,000 restricted shares of Laser Photonics common stock.

Fonon is controlled by ICT Investments LLC, an entity owned and managed by Mr. Dmitriy Nikitin. Mr. Nikitin may be deemed to have voting control of Fonon through his ownership of all membership interests of ICT Investments LLC.

ICT Investments, LLC owns the majority of the shares of Fonon Technologies, Inc. ("FTI") that received 1,000,000 restricted shares of Laser Photonics Corporation ("Laser Photonics") common stock as FTI disclosed in its Form 3 filed on August 7, 2024, under the terms of a License Agreement between Laser Photonics,, an affiliate of ICT Investments, and FTI for an exclusive, worldwide, sub-licensable right of Laser Photonics to FTI's laser material processing equipment and technology, including all applications of laser cutting, marking, engraving, laser welding, brazing, ablation, laser drilling, semiconductor chip marking, semiconductor and FPD (flat panel display) laser processing equipment, all other laser material processing equipment documented or existing in a form of knowhow and/or trade secrets.

ICT Investments, LLC owns 100% of the shares of Fonon Technologies, Inc. that received 1,000,000 shares of Laser Photonics common stock as disclosed by Laser Photonics, Inc. in its Form 10-Q that was recently filed on November 14, 2023 in which Laser Photonics stated that: "On October 16, 2023, the Company [Laser Photonics] entered into a license agreement with Fonon Technologies, Inc., an affiliate of the Company through its ownership by ICT Investments, LLC, for an exclusive, worldwide, nontransferable license for High Power Turbo Piercing ("Cold Cutting") laser cutting technology and any improvements to such technology to allow the Company to manufacture, sell, export and import products incorporated such technology in return for the Company paying a license fee of $350,000 in cash and 1,000,000 restricted shares of the Company's common stock."