Company: LRHC
Filing Date: 2025-07-21
Form Type: DEF 14C
Source: 0001213900-25-065863
Chunk: 16

Company: La Rosa Holdings Corp.
Filing Date: 2025-07-21
Form: DEF 14C
Chunk 16
---
 of merger or consolidation or reorganization, if at
the time of such merger or consolidation or reorganization, such participant had been a holder of record of a number of shares of common
stock equal to the number of shares as to which such stock option shall then be so exercised.

Modification of Awards.
The Compensation Committee may reprice any stock option without the approval of the stockholders of the Company. For this purpose, “reprice”
means: (i) any of the following or any other action that has the same effect: (A) lowering the exercise price of a stock option after
it is granted, (B) any other action that is treated as a repricing under U.S. generally accepted accounting principles, or (C) cancelling
a stock option at a time when its exercise price exceeds the fair market value of the underlying common stock, in exchange for another
stock option, restricted stock or other equity, unless the cancelation and exchange occur in connection with a merger, acquisition, spin-off
or other similar corporate transaction; and (ii) any other action that is considered to be a repricing under formal or informal guidance
issued by the exchange or market on which the Company’s common stock then trades or is quoted. In addition to, and without limiting
the above, the Compensation Committee may permit the voluntary surrender of all or a portion of any stock option granted under the Second
Amended 2022 Plan to be conditioned upon the granting to the participant of a new stock option for the same or a different number of shares
of common stock as the stock option surrendered, or may require such voluntary surrender as a condition precedent to a grant of a new
stock option to such participant. Subject to the provisions of the Second Amended 2022 Plan, such new stock option will be exercisable
at such option price, during such option period and on such other terms and conditions as are specified by the Compensation Committee
at the time the new stock option is granted. Upon surrender, the stock options surrendered will be cancelled, and the shares of common
stock previously subject to them will be available for the grant of other stock options.

Termination of Employment or Consulting. The incentive stock options will lapse and cease to be exercisable upon the termination of service of an employee or
director as defined in the Second Amended 2022 Plan, or within such period following termination of service as determined by the Compensation
Committee and set forth in the related award agreement; provided, further, that such period will