Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1348

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 1348
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 lieu of the number of shares as to which
such stock option shall then be so exercised, the number and class of shares of stock or other securities or such other property to which
such participant would have been entitled to pursuant to the terms of the agreement of merger or consolidation or reorganization, if at
the time of such merger or consolidation or reorganization, such participant had been a holder of record of a number of shares of Common
Stock equal to the number of shares as to which such stock option shall then be so exercised.

Modification of Awards.
The Compensation Committee may reprice any stock option without the approval of the stockholders of the Company. For this purpose, “reprice”
means: (i) any of the following or any other action that has the same effect: (A) lowering the exercise price of a stock option after
it is granted, (B) any other action that is treated as a repricing under U.S. generally accepted accounting principles, or (C) cancelling
a stock option at a time when its exercise price exceeds the fair market value of the underlying Common Stock, in exchange for another
stock option, restricted stock or other equity, unless the cancelation and exchange occur in connection with a merger, acquisition, spin-off
or other similar corporate transaction; and (ii) any other action that is considered to be a repricing under formal or informal guidance
issued by the exchange or market on which the Company’s Common Stock then trades or is quoted. In addition to, and without limiting
the above, the Compensation Committee may permit the voluntary surrender of all or a portion of any stock option granted under the 2022
Plan to be conditioned upon the granting to the participant of a new stock option for the same or a different number of shares of Common
Stock as the stock option surrendered, or may require such voluntary surrender as a condition precedent to a grant of a new stock option
to such participant. Subject to the provisions of the 2022 Plan, such new stock option will be exercisable at such option price, during
such option period and on such other terms and conditions as are specified by the Compensation Committee at the time the new stock option
is granted. Upon surrender, the stock options surrendered will be cancelled, and the shares of Common Stock previously subject to them
will be available for the grant of other stock options.

69

Termination of Employment
or Consulting. The incentive stock options will lapse and cease to be exercisable upon the termination of service of an employee