Company: LRHC
Filing Date: 2025-11-24
Form Type: 8-K/A
Source: 0001213900-25-113796
Chunk: 2

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-24
Form: 8-K/A
Chunk 2
---

“Conversion Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”),
at a conversion price equal to 120% of the lower of (i) Nasdaq Official Closing Price of the Common Stock (as reflected on Nasdaq.com)
on the trading day immediately prior to (x) with respect to the Initial Closing the lower of the date of the Initial Closing (the “Initial
Closing Date”) and the date of the Purchase Agreement and (y) with respect to each Additional Closing, the date of such Additional
Closing, and (ii) the average Nasdaq Official Closing Price of the Common Stock (as reflected on Nasdaq.com) for the five trading days
immediately preceding (x) with respect to the Initial Closing either the Initial Closing Date or the date of the Purchase Agreement or
(y) with respect to each Additional Closing, such applicable Additional Closing date, provided, however, that in no event may the conversion
price be less than the Floor Price (as defined in the Notes) (subject to customary adjustments and the applicable limitations under Nasdaq
Listing Rules), which as of the date of the Purchase Agreement is $0.79. The Notes will bear interest at a rate of ten percent (10%) per
annum, payable monthly in arrears, mature twenty-four (24) months from the date of issuance and contain customary covenants and events
of default (upon which the interest rate will increase to a rate of nineteen percent (19%) per annum).

The Notes will rank
pari passu with all each other and the February Note (as defined in the Purchase Agreement) and senior to all other existing and
future indebtedness of the Company and its subsidiaries (other than Permitted Equipment Indebtedness secured by Permitted Liens
(both as defined in the Notes)) and will be secured by (i) a first-priority security interest in substantially all of the
Company’s and its subsidiaries’ assets purchased or acquired with the proceeds of a Closing pursuant to a Security and
Pledge Agreement, Guaranty and an Account Control Agreement to be entered into by and between the Company and the Investor at or prior to the
Initial Closing and (ii) second priority security interest in the remaining assets of the Company and its subsidiaries (subject to
the first lien of the holder(s) of the February Note).

<div align='center'>2</div>

A Note holder will not
have the right to convert