Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 2310

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7A
Chunk 2310
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 $52,632. The note was convertible into shares of
the Company’s Common Stock at the option of the lender.

On April 1, 2024, the Company entered into securities
purchase agreements with the same accredited investor for the issuance of a 13% senior secured promissory note with a principal amount
of $1,316,000 and a purchase price of $1,250,200 after an original issue discount of $65,800.

On July 16, 2024, the Company entered into a third
securities purchase agreements with the same accredited investor for the issuance of a 13% senior secured promissory note with a principal
amount of $468,000 and a purchase price of $444,600 after an original issue discount of $23,400. The note was convertible into shares
of the Company’s Common Stock at the option of the lender. The promissory notes began amortizing five months after the date of each
loan, with full maturity occurring twelve months after the date of each loan.

On September 25, 2024, the Company entered into
an agreement to amend the three Senior Secured Promissory Notes entered into in February, April, and July of 2024. The amendment extended
the maturity date for all three notes to August 1, 2025, and delayed payments until February 1, 2025. See Note 6 — Borrowings and
Note 15 — Subsequent Events for additional information.

F-7

In May 2024, we entered into a standard merchant
cash advance agreement where we sold in the aggregate $761,250 in future receipts of the Company for $500,000. Until the purchase price
has been repaid, the Company agreed to pay lender $23,000 per week.

In August 2024, we received $725,000 in net proceeds,
excluding equity issuance costs of approximately $25,000, by issuing 761,689 shares of common stock and a pre-funded warrant to purchase
509,498 shares of common stock pursuant to a securities purchase agreement with an institutional accredited investor, Brown Stone Capital
Ltd., at a price equal to $0.59 per share.

In September 2024, we entered into a promissory
note for the principal amount of $200,000. The promissory note bears interest at 12.5% per annum. The note is payable in three monthly
installments of $75,000,