Laser Photonics closes $455K secured convertible note with Hudson Global at 12% interest and $4.34 conversion

Laser Photonics Corp

Principal $455,000, 12% annual interest, 12-month term, convertible at $4.34 per share; secured promissory note.
Warrant for 157,258 shares at $4.34, 5-year term; 418,000 commitment shares issued to Hudson Global.
Purchase price $410,000 net of $10,000 deduction for buyer's legal fees; prepayment allowed at 118% after 60 days.
Piggyback registration rights granted for conversion shares, warrant shares, and commitment shares.

item 1.01item 9.01

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