Company: LRHC
Filing Date: 2025-02-25
Form Type: PRE 14C
Source: 0001213900-25-016765
Chunk: 9

Company: La Rosa Holdings Corp.
Filing Date: 2025-02-25
Form: PRE 14C
Chunk 9
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 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) 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
(as defined below), 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 is
the lower of (A) 95% of the lowest VWAP (as defined in the Notes) of our Common Stock during the seven (7) consecutive trading day period
ending and including the trading day immediately preceding the delivery or deemed delivery of the applicable conversion notice, and (B)
the Floor Price; and (ii) “Floor Price” means 20% of the Minimum Price (as defined in Nasdaq Rule 5653(d), as amended). All
such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction
that proportionately decreases or increases the Common Stock during such seven trading day period.

Subject to certain exceptions
outlined in the Notes, including, but not limited to, equity issuances in connection with its equity incentive plan and certain strategic
acquisitions, if the Company sells, enters into an agreement to sell, or grants any option to purchase, or sells, enters into an agreement
to sell, or otherwise disposes of or issues (or announces any offer, sale, grant or any option to purchase or other disposition) any shares
of Common Stock or any other securities that are at any time convertible into, or exercisable or exchangeable for, or otherwise entitle
the holder thereof to receive, Common Stock, at an