Company: LRHC
Filing Date: 2025-03-07
Form Type: DEF 14C
Source: 0001213900-25-021334
Chunk: 15

Company: La Rosa Holdings Corp.
Filing Date: 2025-03-07
Form: DEF 14C
Chunk 15
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Voting Agreement

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. By delivering the Majority Stockholders
Consent described above, the Chief Executive Officer satisfied this Voting Agreement obligation.

Lock-Up Agreements

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 triggers the following Nasdaq Listing Rules (the “20% Rule”) requiring prior stockholder approval to maintain our listing:

| Ø | Nasdaq Listing Rule 5635(b) mandates stockholder                                                                           
 approval for any issuance potentially resulting in a “change of control.” A single or affiliated group acquiring as little 
 as 20% of the Common Stock or voting power, becoming the largest ownership position, may trigger this requirement.         |

| Ø | Nasdaq Listing Rule 5635(d) necessitates                                                                                             
 stockholder approval before any nonpublic offering involving the sale or potential sale of Common Stock (or convertible securities), 
 equal to 20% or more of the pre-issuance Common Stock or voting power, at a price below the last close or the average closing price  
 over the preceding five trading days.                                                                                                |

The potential for the effective conversion price(s) of the Notes to adjust, resulting in our Common Stock being issued at a discount, invokes Nasdaq Listing Rule 5635(d). Assuming full conversion of the Initial Note and any Incremental Notes issuable upon the exercise of Incremental Warrants and certain conversion price adjustments under the Notes’ terms, such issuances could involve at many times more than 20% of the number of shares of our Common Stock presently outstanding. This scenario would require prior stockholder