Company: LRHC
Filing Date: 2025-11-24
Form Type: PRE 14C
Source: 0001213900-25-113797
Chunk: 16

Company: La Rosa Holdings Corp.
Filing Date: 2025-11-24
Form: PRE 14C
Chunk 16
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 conditioned upon stockholders’ approval and effectiveness of the Series X Amendment.

The parties also agreed that
in the event that the Company receives any notice from a prospective investor (including the Investors) that such prospective investor
would provide, or commit to provide, equity or debt financing to the Company but for the existence of any then outstanding shares of Series
X Preferred Stock, the Company will, within twenty-four (24) hours following receipt of such notice, redeem all remaining issued and outstanding
shares of Series X Preferred Stock for no additional consideration.

In addition, under the Redemption
Agreement, Mr. La Rosa 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, any of his shares of the Series X Preferred Stock during the term of the Redemption Agreement,
without the consent of the Lead Buyer.

On November 12, 2025, the Company entered into a registration rights
agreement with a certain Investor (the “Registration Rights Agreement”) with respect to the resale of the Conversion
Shares. The Registration Rights Agreement requires the Company to file a registration statement with the SEC to register the resale of
all of the Conversion Shares and shares of Common Stock otherwise issuable pursuant to the Notes within 20 calendar days after the Initial
Closing Date and to have such registration statement be declared effective by the SEC within 60 calendar days of the Initial Closing Date.
Pursuant to the terms of the Registration Rights Agreement, the Company must also file one or more additional registration statements
for the resale of such shares, if necessary.

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On the Initial Closing Date,
the Company and each of its Subsidiaries (each, a “Grantor”), and ATW Admin I, LLC as the collateral agent (the “Collateral Agent”) for the benefit of the holders of Obligations (as defined in the Security Agreement), will enter into a Security and
Pledge Agreement (the “Security Agreement”) with respect to the Notes. Pursuant to the Security Agreement, each Grantor
will grant 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