Company: LRHC
Filing Date: 2025-11-24
Form Type: 8-K/A
Source: 0001213900-25-113796
Chunk: 6

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-24
Form: 8-K/A
Chunk 6
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 Directors of the Company to serve as Executive Chairman, which nomination would be considered by the Nominating and Corporate Governance Committee of the Board and the Board in accordance with the Company’s governance policies.

Redemption Agreement

In connection with the Purchase Agreement, on November 12, 2025, the
Company and Mr. La Rosa entered into a redemption agreement (“Redemption Agreement”), pursuant to which, on the Initial
Closing Date the Company will redeem and immediately cancel and return to the status of “blank check” preferred stock of the
Company, a number of Mr. La Rosa’s shares of Series X Preferred Stock such that, immediately after such redemption, he will own
shares of Series X Preferred Stock representing not less than 80% of the total voting power of the Company for a redemption price of $2,000,000
payable on the Initial Closing Date, and $500,000 contingently payable upon the satisfaction by the Company of its SEC filing requirements
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) for four consecutive quarters and certain
other four-quarter requirements set forth therein. Mr. La Rosa’s remaining shares of Series X Preferred Stock will be redeemed by
the Company at a subsequent time determined by the Board or otherwise as set forth in the Redemption Agreement as described below, in
each case for no additional consideration. These redemptions of the Series X Preferred Stock are conditioned upon stockholders’
approval and effectiveness of the Certificate of Amendment (as defined below).

The parties also agreed
that in the event that the Company receives any notice from a prospective investor (including the Investors) that such prospective investor
would provide, or commit to provide, equity or debt financing to the Company but for the existence of any then outstanding shares of Series
X Preferred Stock, the Company will, within twenty-four (24) hours following receipt of such notice, redeem all remaining issued and outstanding
shares of Series X Preferred Stock for no additional consideration.

In addition, under the
Redemption Agreement, Mr. La Rosa agreed, subject to certain customary exceptions, not to sell, offer to sell, contract or agree to sell,
pledge or otherwise dispose of, directly or indirectly, any of his shares of the Series X Preferred Stock during the term of the Redemption
Agreement, without the consent of the Lead Buyer.

The foregoing
summaries of the Notes, the Purchase Agreement, the Registration Rights Agreement, the Security and Pledge Agreement, the Account
Control Agreement, the