Company: LRHC
Filing Date: 2025-08-20
Form Type: S-1/A
Source: 0001213900-25-078966
Chunk: 57

Company: La Rosa Holdings Corp.
Filing Date: 2025-08-20
Form: S-1/A
Chunk 57
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 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
therein (if any), at the option of the converting holder(s), either: (A) $0.25 per share (subject to adjustment), or (B) the “Alternate
Conversion Price”. As used in this paragraph, “Alternate Conversion Price” means the lower of (x) the “Floor Price”
of $0.082 (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations and similar events) and (y) 95% of the
lowest VWAP (as defined in the Certificate of Designation) of the common stock during the seven (7) consecutive trading day period ending
and including the trading day immediately preceding the delivery or deemed delivery of the applicable conversion notice. In the event
the holder elects to convert the Series B Preferred Stock at the Alternate Conversion Price, the Conversion Amount shall be multiplied
by (i) if in connection with a Change of Control (as defined in the Certificate of Designation, 105% or (ii) otherwise, 125%,

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A holder of Series B Preferred Stock will not
have the right to convert any portion of their shares thereof to the extent that, after giving effect to such conversion, the holder (together
with its affiliates) would beneficially own in excess of the Maximum Percentage. Such Maximum Percentage may be raised or lowered to any
other percentage not in excess of 9.99%, at the option of the holder upon 61 days’ prior written notice to the Company.

Subject to certain exceptions outlined in the
Certificate of Designation, including, but not limited to, equity issuances in connection with its equity