Company: LRHC
Filing Date: 2025-06-27
Form Type: S-1/A
Source: 0001213900-25-058528
Chunk: 35

Company: La Rosa Holdings Corp.
Filing Date: 2025-06-27
Form: S-1/A
Chunk 35
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% in respect of such principal amount, plus all accrued and unpaid interest, if any, on such principal amount being redeemed.

Incremental Warrants

Each Incremental Warrant is exercisable, at the option of the holder thereof, into Incremental Notes in an original principal amount up to $2,500,000, or up to $40,000,000 in the aggregate, for a period of seven years and six months from the Closing Date. The exercise of eight (8) of the sixteen (16) Incremental Warrants issued to the Selling Stockholder requires the prior written consent of the Company and Selling Stockholder. On June 18, 2025, all Incremental Warrants were cancelled pursuant to the Exchange Agreement.

Series B Preferred Stock

No Dividends; Voting Rights

The Series B Preferred Stock bears no dividends.

Holders of shares of Series B Preferred Stock
are entitled to vote with the holders of outstanding shares of common stock of the Company, voting together as a single class, with respect
to any and all matters presented to the stockholders of the Company for their action or consideration (whether at a meeting or stockholders
of the Company, by written action of stockholders in lieu of a meeting or otherwise). In any such vote, each share of Series B Preferred
Stock will be entitled to a number of votes equal to the lesser of (a) the number of shares of common stock into which such shares of
Series B Preferred Stock are convertible as of the record date for such vote or written consent or, if there is no specified record date,
as of the date of such vote or written consent and (b) 4.99% of the shares of the Company’s common stock outstanding immediately
after giving effect to such a conversion (the “Maximum Percentage”).

Conversion Rights

Subject to the Maximum Percentage, holders
of outstanding shares of Series B Preferred Stock are entitled to convert any portion of the outstanding and unpaid Conversion Amount
(as hereinafter defined) thereof into shares of common stock at the Conversion Rate (as hereinafter defined). For such purpose: (i) “Conversion
Amount” means the stated value thereof and any other unpaid amounts owed to such holder(s) under the Exchange Documents (as defined
in the Exchange Agreement); (ii) “Conversion Rate” means the amount determined by dividing (x) such Conversion Amount by
(y) the Conversion Price; and (iii) “Conversion Price”, as of any date of determination and subject to adjustment as provided