Company: LRHC
Filing Date: 2025-07-11
Form Type: PRE 14C
Source: 0001213900-25-063319
Chunk: 45

Company: La Rosa Holdings Corp.
Filing Date: 2025-07-11
Form: PRE 14C
Chunk 45
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 is not assumed or substituted for in the event of a Change in Control, the Administrator will notify the Participant
in writing or electronically that the Option or Stock Appreciation Right will be fully vested and exercisable for a period of time determined
by the Administrator in its sole discretion, and the Option or Stock Appreciation Right will terminate upon the expiration of such period.

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For the purposes of this subsection (c), an Award
will be considered assumed if, following the Change in Control, the Award confers the right to purchase or receive, for each Share subject
to the Award immediately prior to the Change in Control, the consideration (whether stock, cash, or other securities or property) or,
in the case of a Stock Appreciation Right upon the exercise of which the Administrator determines to pay cash or a Performance Share or
Performance Unit which the Administrator can determine to pay in cash, the fair market value of the consideration received in the merger
or Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered
a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however,
that if such consideration received in the Change in Control is not solely common stock of the Successor Corporation, the Administrator
may, with the consent of the Successor Corporation, provide for the consideration to be received upon the exercise of an Option or Stock
Appreciation Right or upon the payout of a Performance Share or Performance Unit, for each Share subject to such Award (or in the case
of Performance Units, the number of implied shares determined by dividing the value of the Performance Units by the per share consideration
received by holders of Common Stock in the Change in Control), to be solely common stock of the Successor Corporation equal in fair market
value to the per share consideration received by holders of Common Stock in the Change in Control.

Notwithstanding anything in this Section 15(c)
to the contrary, an Award that vests, is earned or paid-out upon the satisfaction of one or more Performance Goals will not be considered
assumed if the Company or its successor modifies any of such Performance Goals without the Participant’s consent; provided,
however, a modification to such Performance Goals only to reflect the Successor Corporation’s post-Change in Control corporate structure
will not be deemed to invalidate an otherwise valid Award assumption. In the case of an Award providing for the payment of deferred compensation