Precision Optics amends Lighthouse Imaging earn-out, reduces max payment to $600K

PRECISION OPTICS CORPORATION, INC.

Amendment reduces second earn-out maximum from $750K to $600K and lowers gross margin target.
First earn-out of $750K was written off in June 2022 as division missed minimum margin.
Holders confirm accuracy of prior calculations and no disputes over first earn-out.
Amendment dated March 28, 2023; relates to October 2021 acquisition of Lighthouse Imaging.

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