Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 2345

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7A
Chunk 2345
---
5 
    $5,900 
  
    2026 
     5,900 
  
    2027 
     5,900 
  
    2028 
     5,900 
  
    2029 
     5,900 
  
    2030 
     5,900 
  
    Thereafter 
     612,230 
  
    Total 
    $647,630 

Total Notes Payable as of December 31, 2024 and
December 31, 2023 were as follows:

    December 31,  
    December 31, 
  
    Notes Payable 
    2024  
    2023 
  
    Senior secured promissory note (SSPN) #1 
    $106,192  
    $— 
  
    Senior secured promissory note #2 
     1,316,000  
     — 
  
    Senior secured promissory note #3 
     468,000  
     — 
  
    Promissory note 
     148,725  
     — 
  
    Economic injury disaster loans (EIDL) 
     647,630  
     619,527 
  
    Acquisition Settlement Agreement 
     976,190  
     — 
  
    Total 
     3,662,736  
     619,527 

    Current portion: 

    Less: current portion-SSPNs 
     (1,890,192) 
     — 
  
    Less: current portion-Promissory note 
     (148,724) 
     — 
  
    Less: current portion-EIDL 
     (5,900) 
     (4,400)
  
    Acquisition Settlement Agreement 
     (142,857) 
     — 
  
    Notes payable, net of current 
    $1,475,064  
    $615,127 

Securities Purchase Agreement

On February 4, 2025, the Company and an institutional
investor entered into a Securities Purchase Agreement, pursuant to which the Company issued to the investor a Senior Secured Convertible
Note in the original principal amount of $5,500,000 which matures on February 4, 2027. The purchase price paid by the investor under the
agreement was $4,963,750. The $4,963