Company: LRHC
Filing Date: 2025-03-07
Form Type: DEF 14C
Source: 0001213900-25-021334
Chunk: 8

Company: La Rosa Holdings Corp.
Filing Date: 2025-03-07
Form: DEF 14C
Chunk 8
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 Documents are briefly described below.

Initial Notes and Incremental Notes

Payment

All outstanding principal, accrued and unpaid interest and accrued
and unpaid Late Charges (as defined in the Notes), if any, on such principal and interest under the Notes are due and payable on the second
anniversary of the respective issuance dates of thereof.

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 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 the Common Stock (“Interest Shares”) and is otherwise be payable in cash.

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Conversion Rights

Subject to the Maximum Percentage, holders of outstanding Notes are
entitled to convert any portion of the outstanding and unpaid Conversion Amount (as defined below) thereof into shares of our Common Stock
at the Conversion Rate (as defined below). 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,
and any other unpaid amounts pursuant to the Transaction Documents; (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
below) 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.

Subject to the Maximum Percentage, 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) “Alternate Conversion Price” means that price which