Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 208

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 208
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, the Company also entered into a Registration Rights Agreement (the “Registration Rights Agreement”) with
the Investors, pursuant to which the Company agreed to file a registration statement on Form S-1 with the Securities and Exchange Commission
(the “SEC”) to register the resale of all of the Conversion Shares and shares of common stock otherwise issuable pursuant
to the Notes.

A.G.P./Alliance Global Partners served as placement
agent in connection with the offering and will receive cash compensation not exceeding 7% of the gross proceeds of each Closing.

In connection with the Purchase Agreement, on
November 12, 2025, the Company and Mr. La Rosa entered into a redemption agreement (“Redemption Agreement”), pursuant to which,
on the Initial Closing Date the Company will redeem and immediately cancel and return to the status of “blank check” preferred
stock of the Company, a number of Mr. La Rosa’s shares of Series X Preferred Stock such that, immediately after such redemption,
he will own shares of Series X Preferred Stock representing not less than 80% of the total voting power of the Company for a redemption
price of $2,000,000 payable on the Initial Closing Date, and $500,000 contingently payable upon the satisfaction by the Company of its
SEC filing requirements under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) for four consecutive quarters
and certain other four-quarter requirements set forth therein. Mr. La Rosa’s remaining shares of Series X Preferred Stock will be
redeemed by the Company at a subsequent time determined by the Board or otherwise as set forth in the Redemption Agreement as described
below, in each case for no additional consideration. These redemptions of the Series X Preferred Stock are conditioned upon stockholders’
approval and effectiveness of the Certificate of Amendment to the Articles of Incorporation, permitting the redemption of Series X Preferred
Stock.

The parties also agreed that in the event that
the Company receives any notice from a prospective investor (including the Investors) that such prospective investor would provide, or
commit to provide, equity or debt financing to the Company but for the existence of any then outstanding shares of Series X Preferred
Stock, the Company will, within twenty-four (24) hours following receipt of such notice, redeem all remaining issued and outstanding shares
of Series X Preferred Stock for no additional consideration.

In addition, under the Redemption Agreement, Mr.
La Rosa agreed to certain lock-up restrictions on his shares of the Series X Preferred Stock during the term of