Company: LRHC
Filing Date: 2025-08-18
Form Type: 10-Q
Source: 0001213900-25-078012
Chunk: 31

Company: La Rosa Holdings Corp.
Filing Date: 2025-08-18
Form: 10-Q
Item: Item 1
Chunk 31
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 of any amounts due
under the Initial Note, as well as any other rights arising from an event of default under the SPA, the Initial Note, the Incremental
Warrants, and the related transaction documents, specifically with respect to the Company’s untimely filing of its Quarterly Report
on Form 10-Q. In addition, the Investor waived the requirement under the related Registration Rights Agreement to register for resale
the shares of common stock issuable upon conversion of the Notes (other than the Initial Note) in the initial registration statement
filed by the Company with the SEC on February 14, 2025, and all related rights to receive any Registration Delay Payments (as defined
in the Registration Agreement). The Company agreed to file subsequent registration statements within thirty (30) calendar days following
the issuance of any Incremental Notes pursuant to the exercise or call of an Incremental Warrant, registering for resale by the Investor
all shares issuable upon the conversion of such notes.

14

La Rosa Holdings Corp.
and Subsidiaries
Notes to the Unaudited Condensed Consolidated Financial Statements

On June 18, 2025, the Company and the Investor
entered into an Amendment and Exchange Agreement (the “Exchange Agreement”) pursuant to which (among other things) the Investor
surrendered and exchanged all of its Incremental Warrants in exchange for (the “Exchange”) 6,000 shares of the Company’s
Series B Convertible Preferred Stock, par value $0.0001 per share (“Series B Preferred Stock”). On the same date, the Company
filed a Certificate of Designation of Rights and Preferences of the Series B Preferred Stock (the “Certificate of Designation”)
with the Secretary of State of Nevada. The Initial Note remains outstanding post-Exchange. See Note 8 – Stockholder’s
Equity for further discussion.

On June 26, 2025, the Company and the Investor
entered into an Amendment No. 1 to the Initial Note to correct the maturity date to February 4, 2027 and amend the Alternate Conversion
Price to be the greater of (i) 95% of the lowest VWAP of the common stock of the Company during the seven (7) consecutive Trading Day
period ending and including the Trading Day immediately preceding the delivery or deemed delivery of the applicable Conversion Notice
(as defined in the Initial Note) and (ii) the Floor Price (as defined in the Initial Note).

Upon the modification on June