Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 3200

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 10
Chunk 3200
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 and holders of more than
5% of our voting securities that involve the lower of $120,000 or 1% of the average of total assets in the last two fiscal years. We believe
that all of the following transactions were entered into with terms as favorable as could have been obtained from unaffiliated third parties.

The Company leases its corporate office from an entity controlled by
the Company’s CEO. The rent expense for the years ending December 31, 2024 and 2023 were $142,602 and $134,505, respectively. There
is no written agreement, and the rent is determined on a month-to-month basis. There are no future minimum rental payments, and the lease
may be cancelled at any time by either party.

On July 1, 2023, the Company began leasing office
space for 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