Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 226

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 226
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 2032; and (ii) a 10-year fully vested
stock option to purchase 107,050 shares of Common Stock at $1.28 per share granted
on November 1, 2023.

79

Equity Plan Information

See Part II, Item 5 “Market
for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” of this Annual
Report on Form 10-K.

Item 13. Certain Relationships and Related
Transactions, and Director Independence.

Related Party Transactions

Set forth below is a description of certain relationships and related
person transactions since January 1, 2023, between us or our subsidiaries, and our directors, executive officers and holders of more than
5% of our voting securities that involve the lower of $120,000 or 1% of the average of total assets in the last two fiscal years. We believe
that all of the following transactions were entered into with terms as favorable as could have been obtained from unaffiliated third parties.

The Company leases its corporate office from an entity controlled by
the Company’s CEO. The rent expense for the years ending December 31, 2024 and 2023 were $142,602 and $134,505, respectively. There
is no written agreement, and the rent is determined on a month-to-month basis. There are no future minimum rental payments, and the lease
may be cancelled at any time by either party.

On July 1, 2023, the Company began leasing office
space for its subsidiary, La Rosa Realty, from an entity owned by Joseph La Rosa, the Company’s CEO, and Michael La Rosa, the Company’s
member of the Board. There is a written lease, which includes minimum monthly rent of $4,593, with a term ending in June 2025.

On May 4, 2023, the mother of the Company’s
CEO purchased 200 shares of the Company’s series A preferred stock for $200,000. Upon the Company’s IPO, the shares were converted
into 57,142 shares of the Company’s Common Stock.

On
July  8, 2024, the Company entered into a Consulting Agreement with
LRS ASSOCIATE PARTNERS LLC, owned and controlled by the Company’s director, Michael La Rosa. This agreement has been terminated
as of the end of 2024.

On February 1, 2024, the Company
entered into