Company: LRHC
Filing Date: 2025-07-21
Form Type: DEF 14C
Source: 0001213900-25-065863
Chunk: 28

Company: La Rosa Holdings Corp.
Filing Date: 2025-07-21
Form: DEF 14C
Chunk 28
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(r) “Exchange Program” means a program
under which (i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have lower exercise
prices and different terms), Awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer any outstanding
Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding
Award is reduced. The Administrator will determine the terms and conditions of any Exchange Program in its sole discretion.

(s) “Fair Market Value” means, as
of any date, the value of the Common Stock determined as follows:

(i) If the Common Stock is listed on any established
stock exchange or a national market system, including without limitation the Nasdaq Global Select Market, the Nasdaq Global Market or
the Nasdaq Capital Market of The Nasdaq Stock Market, its Fair Market Value will be the closing sales price for such stock (or if no closing
sales price was reported on that date, as applicable, on the last trading date such closing sales price was reported) as quoted on such
exchange or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems
reliable;

(ii) If the Common Stock is regularly quoted by
a recognized securities dealer but selling prices are not reported, the Fair Market Value of a Share will be the mean between the high
bid and low asked prices for the Common Stock on the day of determination (or, if no bids and asks were reported on that date, as applicable,
on the last trading date such bids and asks were reported), as reported in The Wall Street Journal or such other source as the Administrator
deems reliable; or

(iii) In the absence of an established market
for the Common Stock, or if such Common Stock is not regularly quoted or does not have sufficient trades or bid prices which would accurately
reflect the actual Fair Market Value of the Common Stock, the Fair Market Value will be determined in good faith by the Administrator
upon the advice of a qualified valuation expert.

(t) “Fiscal Year” means the fiscal
year of the Company.

(u) “Incentive Stock Option” means
an Option that by its terms qualifies and is otherwise intended to qualify as an incentive stock option within the meaning of Section
422 of the Code and the regulations promulgated thereunder.

(v