Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 328

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 328
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 as an officer or director of another entity at our request, against all expense, loss, or liability reasonably incurred or
suffered in connection therewith. Our amended and restated articles of incorporation provide that indemnification includes the right to
be paid expenses incurred in defending any proceeding in advance of its final disposition; provided, however, that such advance payment
will only be made upon delivery to us of an undertaking, by or on behalf of the director or officer, to repay all amounts so advanced
if it is ultimately determined that such director or officer is not entitled to indemnification.

Section 78.7502 of the NRS
permits a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or
completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, except an action by or in the right
of us, by reason of the fact that the person is or was a director, officer, employee, or agent of ours, or is or was serving at our request
as a director, officer, employee, or agent of another company, partnership, joint venture, trust, or other enterprise, against expenses,
including attorneys’ fees, judgment, fines, and amounts paid in settlement actually and reasonably incurred by the person in connection
with the action, suit, or proceeding if the person is not liable under Section 78.138 of the NRS, or acted in good faith and in a manner
which he or she reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal
action or proceeding, had no reasonable cause to believe the conduct was unlawful.

The above limitations on liability
and our indemnification obligations limit the personal liability of our directors and officers for monetary damages for breach of their
fiduciary duty as directors by shifting the burden of such losses and expenses to us. Certain liabilities or expenses covered by our indemnification
obligations may not be covered by our directors’ and officers’ insurance policy or the coverage limitation amounts may be
exceeded. As a result, we may need to use a significant amount of our funds to satisfy our indemnification obligations, which could severely
harm our business and financial condition and limit the funds available to stockholders who may choose to bring a claim against us.

Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the Company