Company: LRHC
Filing Date: 2025-06-03
Form Type: S-1/A
Source: 0001213900-25-050886
Chunk: 33

Company: La Rosa Holdings Corp.
Filing Date: 2025-06-03
Form: S-1/A
Chunk 33
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 warranties and agreements and obligations of the parties. The proceeds of this financing will be used for business development and general working capital purposes.

Notes

Maturity

The Initial Note and Incremental Notes mature on the second anniversary of the issuance date thereof.

Interest

Interest on the Notes commences accruing on the issuance date thereof
at an annual rate of 12% per annum computed on the basis of a 360-day year and the actual number of days elapsed in each month and is
payable in arrears for on the first trading day of each fiscal quarter with the first such date being April 1, 2025. Interest may be paid
in certain limited conditions in shares of common stock and shall otherwise be payable in cash.

Conversion Rights

Subject to the Maximum Percentage (as defined
below) limitations, holders of outstanding Notes are entitled to convert any portion of the outstanding and unpaid Conversion Amount (as
hereinafter defined) thereof into shares of common stock at the Conversion Rate (as hereinafter defined). For such purpose: (i) “Conversion
Amount” means 100% of the sum of the portion of the principal of the Note to be converted, the accrued and unpaid interest thereon,
certain specific accrued and unpaid Late Charges (as defined in the Notes), and any other unpaid amounts pursuant to the Transaction Documents
(as defined in the Notes); (ii) “Conversion Rate” means the amount determined by dividing (x) such Conversion Amount by (y)
the Conversion Price; and (iii) “Conversion Price”, as of any date of determination and subject to adjustment as provided
therein (if any): (A) with respect to the Initial Note, 115% of the Closing Sale Price (as defined in the Notes) of the common stock on
the trading day prior to the Closing Date; and (B) with respect to any Incremental Note, the lower of (x) 115% of Closing Sale Price on
the trading day prior to the relevant funding date of such Incremental Note and (y) the lowest Conversion Price in effect of any then
outstanding Note or Incremental Note.

Subject to the Maximum Percentage limitations,
holders of the Notes may alternatively convert (each, an “Alternate Conversion”) all or any part of the Conversion Amount
thereof into shares of common stock at a conversion rate equal to the quotient of (x) 120% of the Conversion Amount divided by (y) the
Alternate Conversion Price. For such purpose: (i)