Company: LRHC
Filing Date: 2025-12-04
Form Type: DEF 14C
Source: 0001213900-25-118073
Chunk: 12

Company: La Rosa Holdings Corp.
Filing Date: 2025-12-04
Form: DEF 14C
Chunk 12
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 inclusion of the fair market value of such Collateral
Reward in the Conversion Amount of such holder’s Note upon any conversion and/or redemption thereof, as applicable.

Ranking; Security

The Notes will rank pari passu with all each other and the February
Note (as defined in the Securities Purchase Agreement) and senior to all other existing and future indebtedness of the Company and its
Subsidiaries (other than Permitted Equipment Indebtedness secured by Permitted Liens (both as defined in the Notes)) and will be secured
by (i) a first-priority security interest in substantially all of the Company and Subsidiaries’ respective assets purchased or acquired
with the proceeds of a Closing; and (ii) second priority security interest in the remaining assets of the Company and its subsidiaries
(subject to the first lien of the holder(s) of the February Note). The Notes will be further secured by the Security Agreement, Subsidiary
Guaranty and other Security Documents (as defined in the Securities Purchase Agreement).

Conversion Rights

The Notes will be convertible into shares (the “Conversion Shares”) of the Common Stock, at a conversion price equal to 120% of the lower of (i) Nasdaq Official Closing Price of the Common
Stock (as reflected on Nasdaq.com) on the trading day immediately prior to (x) with respect to the Initial Closing, the lower of the Initial
Closing Date and the date of the Securities Purchase Agreement and (y) with respect to each Additional Closing, the date of such Additional
Closing, and (ii) the average Nasdaq Official Closing Price of the Common Stock (as reflected on Nasdaq.com) for the five trading days
immediately preceding (x) with respect to the Initial Closing either the Initial Closing Date or the date of the Securities Purchase Agreement
or (y) with respect to each Additional Closing, such applicable Additional Closing date, provided, however, that in no event may the conversion
price be less than the Floor Price (as defined in the Notes) (subject to customary adjustments and the applicable limitations under Nasdaq
Listing Rules). The Notes will bear interest at a rate of ten percent (10%) per annum, payable monthly in arrears, mature twenty-four
(24) months from the date of issuance and contain customary covenants and events of default (upon which the interest rate will increase
to a rate of nineteen percent (19%) per annum).

A Note holder will not have
the right to