Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 3728

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 3728
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, 2023.

Due
to related party (term loans)

In March 2023, the Company exchanged, in a private
placement under Sections 3(a)(9) and 4(a)(2) of the Securities Act, the six unsecured subordinated promissory notes, the ELP Note, and
the Convertible OID Promissory Note representing an aggregate amount of principal and accrued interest of $1,324,631, for 1,321 shares
of the Company’s series A preferred stock. Upon the Company’s IPO, the shares were converted into 377,428 shares of the Company’s
Common Stock. See Note 8 – Stockholders’ Equity for additional information.

Note 15 — Subsequent Events

Redemption Agreement

 On January 22, 2025, the Company, and an institutional accredited
investor (the “Holder”), holding the warrants (the “Warrants”) exercisable for 2,446,634 shares
of common stock of the Company (assuming a cash exercise of the warrants), entered into a warrant redemption and cancellation agreement
(the “Redemption Agreement”).The Company and the Holder entered into the securities purchase agreements dated April
1, 2024, and July 16, 2024, respectively (the “Agreements”), pursuant to which the Company issued the Warrants.

Pursuant to the Redemption Agreement, the Company paid to the
Holder $379,082.79 (the “Redemption Price”) in consideration of the redemption and cancellation of the 100% of the
Warrants. Upon the Holder’s receipt of the Redemption Price, the Warrants were redeemed, cancelled and terminated in full.  

F-38

Additionally, the Company and the Holder confirmed in the Redemption
Agreement, that prior to January 22, 2025, (1) the First Warrants (as defined in the Agreements) issued by the Company to the Holder in
February 2024 and July 2024 were fully exercised by the Holder, and (2) the Second Warrant (as defined in the Agreement) issued by the
Company to the Holder in February 2024 was cancelled and extinguished in its entirety due to the full repayment of the Note (as defined
in such warrant).

Securities Purchase Agreement

On February 4, 2025 (the “Closing Date”), the Company and
an institutional investor (the “Investor”) entered into a Securities Purchase Agreement (the “SPA