Company: LRHC
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001213900-25-014247
Chunk: 31

Company: La Rosa Holdings Corp.
Filing Date: 2025-02-14
Form: S-1
Chunk 31
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 Such redemptions are generally required to be made at a redemption prices of 120% in respect of such principal amount, plus all accrued and unpaid interest, if any, on such principal amount being redeemed.

Incremental Warrants

Each Incremental Warrant is exercisable, at the option of the holder thereof, into Incremental Notes in an original principal amount up to $2,500,000, or up to $40,000,000 in the aggregate, for a period of seven years and six months from the Closing Date. The exercise of eight (8) of the sixteen (16) Incremental Warrants issued to the Selling Stockholder requires the prior written consent of the Company and Selling Stockholder.

Registration Rights Agreement

The Company also entered into a registration rights
agreement with the Selling Stockholder (the “Registration Rights Agreement”) with respect to the resale of the shares of common
stock issuable upon conversion of the Initial Note (the “Conversion Shares”) and Incremental Notes (the “Incremental
Conversion Shares”). The Registration Rights Agreement requires that the Conversion Shares and Incremental Conversion Shares be
registered by the Company under the Securities Act of 1933, as amended, by no later than the 90th calendar day after the Closing Date
(or, if the relevant registration statement is subject to a full review by the SEC, 120th calendar day after the Closing Date).

Security Agreement

On the Closing Date, the Company and each of its subsidiaries (each, a “Grantor”), and the Selling Stockholder, for itself and as the collateral agent (the “Collateral 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 a first priority perfected security interest in such Grantor’s right, title and interest in substantially all of their respective properties and assets, whether now owned or hereafter 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.

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Subsidiary Guaranty

On the Closing Date, each subsidiary of the Company executed a guarantee agreement (the “Subsidiary Guaranty”) whereby each such Grantor