Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 200

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 200
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7, which term will be automatically extended, upon the same terms and conditions, for successive periods of one (1) year. The Amended
Employment Agreement may be terminated by Mr. La Rosa or the Company at any time and for any or no reason with at least 45 days advance
written notice from the terminating party. If Mr. La Rosa’s employment is terminated by the Company for “cause” (as
defined in the agreement), Mr. La Rosa will be entitled only to accrued and unpaid base salary through the date of termination.

If Mr. La Rosa’s employment is terminated by his failure to renew
his agreement, or by Mr. La Rosa without “good reason” (as defined in the Amended Employment Agreement), then he will be entitled
to receive: (i) a sum equal to 60 days’ of base salary (“Lump Sum Payment”), paid in a lump sum no later than one week
after the end of the Release Execution and Recission Period (as defined in the Amended Employment Agreement); (ii) any accrued but unpaid
base salary and accrued but unused paid time off; (iii) reimbursement for unreimbursed business expenses properly incurred; and (iv) such
equity compensation and employee benefits, if any, to which he may be entitled under the Company’s equity compensation and employee
benefit plans as of the date of termination (items (ii) and (iv) are collectively referred to as the “Accrued Amounts”).

Amendment to Articles of Incorporation

On November 10, 2025, in connection with the entry into the Purchase
Agreement, the Board approved (i) a Certificate of Amendment (the “Certificate of Amendment”) to the Articles of Incorporation
to provide that the shares of the Series X Preferred Stock may be redeemed from time to time and at any time in whole or in part upon
such terms and conditions as may be approved by the Board and agreed to by the holder(s) thereof, and (ii) an amendment to the Articles
with respect to a reverse stock split of the issued and outstanding shares of common stock, at a ratio of any whole number in the range
of one-for-five (1:5) to one-for-one-hundred (1:100) (the “Future Reverse Stock Split”) to be effected by the Board at any
time within one (1) year from the date of the stockholders’ approval, with such timing and ratio to be determined in the discretion