Company: LRHC
Filing Date: 2025-02-25
Form Type: PRE 14C
Source: 0001213900-25-016765
Chunk: 17

Company: La Rosa Holdings Corp.
Filing Date: 2025-02-25
Form: PRE 14C
Chunk 17
---

Agent”) for the benefit of the holders of Obligations (as defined in the Security Agreement), entered into a Security and Pledge
Agreement (the “Security Agreement”) with respect to the Notes. Pursuant to the Security Agreement, each Grantor granted to
the Collateral Agent, for the benefit of the Secured Parties (as defined in the Security Agreement), a security interest in such Grantor’s
right, title and interest in and to all or substantially all of its properties and assets, or in which or to which such Grantor has any
rights, whether then owned or thereafter acquired by such Grantor, wherever located, and whether now or hereafter existing or arising
(collectively, the “Collateral”). The Collateral secures the payment and performance by the Company and each other Grantor
of their respective Obligations.

On the Closing Date, each
Subsidiary entered a guarantee agreement (the “Subsidiary Guaranty”) whereby each Subsidiary of the Company guaranteed to
the Investor the prompt and full payment and performance of the Obligations of the Company and each Subsidiary under the Security Agreement
and other Transaction Documents.

Pursuant to the Securities
Purchase Agreement, on the Closing Date the Chief Executive Officer of the Company executed a voting agreement with the Company (the “Voting
Agreement”) pursuant to which he agreed to vote in his shares of Common Stock to approve the Stockholder Approvals. Under the Majority
Stockholder Approval described above, the Chief Executive Officer satisfied this Voting Agreement obligation.

On the Closing Date, the Chief
Executive Officer of the Company and a certain institutional investor in our Common Stock each entered into lock-up agreements (each,
a “Lock-Up Agreement”) pursuant to which each signatory 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, shares of the Common Stock held by them for
a specified period after the Closing Date.

Nasdaq Listing Requirements and the Necessity of Stockholder Approval

Our Common Stock’s listing on the Nasdaq
Capital Market subjects us to Nasdaq’s Listing Rules. The issuance of the Initial Note, Incremental Warrants and Incremental Notes,
and Interest Shares, Conversion Shares and Incremental Conversion Shares (as such terms are defined below) triggers the following Nasdaq
Listing Rules (the “20% Rule”) requiring prior stockholder approval to maintain