Company: LRHC
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112656
Chunk: 68

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 68
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 equal to 60 days’ of base salary (“Lump Sum Payment”), paid in a lump sum no later than one week
after the end of the Release Execution and Recission Period (as defined in the Amended Employment Agreement); (ii) any accrued but unpaid
base salary and accrued but unused paid time off; (iii) reimbursement for unreimbursed business expenses properly incurred; and (iv) such
equity compensation and employee benefits, if any, to which he may be entitled under the Company’s equity compensation and employee
benefit plans as of the date of termination (items (ii) and (iv) are collectively referred to as the “Accrued Amounts”).

Amendment to Articles of Incorporation

On November 10, 2025, in connection with the entry into the Purchase
Agreement, the Board approved (i) a Certificate of Amendment (the “Certificate of Amendment”) to the Articles of Incorporation
to provide that the shares of the Series X Preferred Stock may be redeemed from time to time and at any time in whole or in part upon
such terms and conditions as may be approved by the Board and agreed to by the holder(s) thereof, and (ii) an amendment to the Articles
with respect to a reverse stock split of the issued and outstanding shares of common stock, at a ratio of any whole number in the range
of one-for-five (1:5) to one-for-one-hundred (1:100) (the “Future Reverse Stock Split”) to be effected by the Board at any
time within one (1) year from the date of the stockholders’ approval, with such timing and ratio to be determined in the discretion
of the Board for all stockholders as of the date of the effectiveness of the Future Reverse Stock Split, with the right to abandon the
Future Reverse Stock Split, if the Board, in its discretion, determines that it is no longer in the best interests of the Company or
its stockholders (“Reverse Stock Split Amendment”).

On November 12, 2025, the stockholders holding
a majority of the voting power of the Company approved the Certificate of Amendment and the Reverse Stock Split Amendment. Such approval
will be effective 20 days after the Company files a definitive information statement on Schedule 14C and commences mailing such definitive
information statement to the Company’s stockholders pursuant to Exchange Act.  Once the stockholders’ approval is
effective, the Company will file the Certificate of Amendment with