Company: LRHC
Filing Date: 2025-09-25
Form Type: S-1
Source: 0001213900-25-091637
Chunk: 61

Company: La Rosa Holdings Corp.
Filing Date: 2025-09-25
Form: S-1
Chunk 61
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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%, 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.

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Subject to certain exceptions outlined in the
Certificate of Designation, including, but not limited to, equity issuances in connection with its equity incentive plan and certain strategic
acquisitions, if the Company sells, enters into an agreement to sell, or