Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 3782

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 3782
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 its subsidiary, La Rosa Realty, from an entity owned by Joseph La Rosa, the Company’s CEO, and Michael La Rosa, the Company’s
member of the Board. There is a written lease, which includes minimum monthly rent of $4,593, with a term ending in June 2025.

On May 4, 2023, the mother of the Company’s
CEO purchased 200 shares of the Company’s series A preferred stock for $200,000. Upon the Company’s IPO, the shares were converted
into 57,142 shares of the Company’s Common Stock.

On
July  8, 2024, the Company entered into a Consulting Agreement with
LRS ASSOCIATE PARTNERS LLC, owned and controlled by the Company’s director, Michael La Rosa. This agreement has been terminated
as of the end of 2024.

On February 1, 2024, the Company
entered into an employment agreement with Ms. Deana La Rosa, a spouse of Mr. Joseph La Rosa. Pursuant to the employment agreement, the
Company pays to Mrs. La Rosa an annual base salary of $250,000. Following the end of each calendar year beginning with the 2024 calendar
year, Mrs. La Rosa shall be eligible to receive an annual performance bonus targeted of up to 50% of her base salary, based on periodic
assessments of her performance and upon approval of the Compensation Committee of the Board. The Company also issued to Mrs. La Rosa a
non-qualified stock option to purchase 300,000 shares of Common Sstock for $1.7332 per share (the closing price of the Company’s
Common Stock on January 31, 2024) pursuant to the Company’s equity incentive plan.

On August 21, 2024, the
Company consummated its acquisition of 100% of the membership interests of Nona Title Agency LLC, a Florida limited liability company
(“Nona Title”), and an affiliate of Mr. Joseph La Rosa. In that transaction, Mr. La Rosa sold 49% of the membership interests
of Nona Title to the Company for a cash payment in the amount of $161,403.80 and issuance of 153,718 unregistered shares of the Company’s
Common Stock.

Due from related party

La Rosa Realty, LLC has provided interest-free,
due on demand advances to La Rosa Insurance LLC, a company controlled by the Company’s CEO. The