Document:

Exhibit 10.9

 

LA ROSA HOLDINGS CORP.

BOARD OF DIRECTORS AGREEMENT

 

This BOARD OF DIRECTORS AGREEMENT (“Agreement”)
by and between LA ROSA HOLDINGS CORP., a Nevada corporation (the “Company”), and the undersigned signatory
(the “Director”), provides for director services and shall become effective sixty (60) days after the Company
files its first draft of its registration statement on Form S-l for its initial public offering (the “Effective Date”),
according to the following terms and conditions:

 

I.      Services
Provided

 

The Director agrees, subject to
the Director's continued status as a director, to serve on the Company’s Board of Directors (the “Board”)
and to provide those services required of a director under the Company’s Articles of Incorporation and Bylaws, as both
may be amended from time to time (“Charter Documents”) and under the Nevada Revised Statutes, the federal securities
laws and other state and federal laws and regulations, as applicable, and the rules and regulations of the U.S. Securities and
Exchange Commission (the “SEC”) and any stock exchange or quotation system on which the Company’s securities
may be traded from time to time. Director will also serve on such one or more committees of the Board as he or she and the Board
shall mutually agree.

 

II.    Nature
of Relationship

 

		A.	The Director is an independent contractor and will not be deemed as an employee of the Company
for any purposes by virtue of this Agreement. The Director shall be solely responsible for the payment or withholding of all federal,
state, or local income taxes, social security taxes, unemployment taxes, and any and all other taxes relating to the compensation
be or she earns under this Agreement. The Director shall not, in his or her capacity as a director of the Company, enter into any
agreement or incur any obligations on the Company’s behalf, without appropriate Board action.

 

		B.	The Company will supply, at no cost to the Director: periodic briefings on the business,
                                                                       director packages for each board and committee meeting, copies of minutes of meetings and any other materials that are
                                                                       required under the Company’s Charter Documents or the charter of any committee of the Board on which the Director
                                                                       serves and any other materials which may, by mutual agreement, be necessary for performing the services requested under this
                                                                       Agreement.

 

III.   Director’s
Representations and Warranties

 

		A.	The Director represents and warrants that no other party has exclusive rights to his services in
the specific areas in which the Company is conducting business and that the Director is in no way compromising any rights or trust
between any other party and the Director or creating a conflict of interest as a result of his or her participation on the Board.
The Director also represents, warrants and covenants that so long as the Director serves on the Board, the Director will not enter
into another agreement that will create a conflict of interest with this Agreement or the Company. The Director further represents,
warrants and covenants that he or she will comply with the Company’s Articles, Bylaws, policies and guidelines, all applicable
laws and regulations, including Sections 10 and 16 of the Securities Exchange Act of 1934, as amended, and listing rules of The
Nasdaq Stock Market LLC or any other stock exchanges on which the Company’s securities may be traded; that if he or she is
designated by the Board as an independent director, he or she shall promptly notify the Board of any circumstances that may potentially
impair his or her independence as a director of the Company; and that he or she shall promptly notify the Board of any arrangements
or agreements relating to compensation provided by a third party to him or her in connection with his or her status as a director
or director nominee of the Company or the services requested under this Agreement.

 

		B.	Throughout the term of this Agreement, the Director agrees he or she will not, without obtaining
the Company’s prior written consent, directly or indirectly engage or prepare to engage in any activity in competition with
the Company’s business, products or services, including without limitation, products or services in the development stage,
accept employment or provide services to (including but not limited to service as a member of a board of directors), or establish
a business in competition with the Company; provided, however, that the Director may serve or continue to serve as an officer or
director of one or more entities that are affiliated with the Company, including without limitation, entities in which the Company
does not have a majority holding.

 

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IV.    Compensation

 

		A.	Cash Fee. Subject to Section VI and during the term of this Agreement, the Company shall
pay the Director, if the Company does not otherwise compensate the Director as an officer or employee, a non-refundable base fee
of $12,000 per quarter (“Base Fee”) in consideration for the Director providing the services described in Section I
which shall compensate him or her for all time spent preparing for, travelling to (if applicable) and attending Board or committee
meetings. In addition, the Company shall pay the Director a quarterly fee of an additional $3,000 in consideration for the Director's
service as chair of the nominating and corporate governance committee (“Chair Fee”). These cash fees may be
revised by action of the Board from time to time. Such revision shall be effective as of the date specified in the resolution for
payments not yet earned and need not be documented by an amendment to this Agreement to be effective. In addition, if the non-employee
Director serves as the chairperson of any standing committee of the Board, he or she may be entitled to additional cash compensation
as decided by the Board (or the compensation committee thereof) in its sole discretion.

 

		B.	Payment. The Base Fee and the Chair Fee shall be paid quarterly at the beginning of each
calendar quarter. No invoices need be submitted by the Director for payment of the Base or Chair Fee.

 

		C.	Expenses. During the term of this Agreement, the Company will reimburse the Director for
reasonable business related expenses approved by the Company in advance, such approval not to be unreasonably withheld. Invoices
for expenses, with receipts attached, shall be submitted. Such invoices must be approved by the Company’s Chief Executive
Officer or Chief Financial Officer as to form and completeness.

 

		D.	Equity Compensation. For joining the Board of Directors each independent Director shall
receive 100,000 non-qualified stock options with an exercise price equal to the public offering price of a share of the Company’s
common stock at the closing of the Company’s initial public offering (the “Options”). The Options shall vest
equally over the course of twelve (12) months with the first tranche of Options vesting thirty (30) days after the Effective Date.
The Options shall be granted pursuant to and governed by the terms of the Company’s equity incentive plan.

 

V.      Indemnification
and lnsurance

 

The Company
will execute an indemnification agreement in favor of the Director substantially in the form of the agreement attached hereto as
Exhibit B (the “Indemnification Agreement”). In addition, so long as the Company’s indemnification
obligations exist under the Indemnification Agreement, the Company shall provide the Director with directors’ and officers’
liability insurance coverage in the amounts specified in the Indemnification Agreement.

 

VI.    Term
of Agreement and Amendments

 

This Agreement
shall be in effect from the date hereof through the last date of the Director’s current term as a member of the Board. This
Agreement shall be automatically renewed on the date of the Director’s reelection as a member of the Board for the period
of such new term unless the Board determines not to renew this Agreement. Any amendment to this Agreement must be approved by the
Board. Amendments to Section IV “Compensation” hereof do not require the Director’s consent to be effective.
Notice of such amendment shall be provided to the Director within a reasonable time thereafter.

 

VII.   Termination

 

		A.	This Agreement shall automatically terminate upon the death of the Director or upon his resignation
or removal from, or failure to win election or reelection to, the Board. In the event of expiration or termination of this Agreement,
the Director agrees to return or destroy any materials transferred to the Director under this Agreement except as may be necessary
to fulfill any outstanding obligations hereunder. The Director agrees that the Company has the right of injunctive relief to enforce
this provision.

 

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		B.	The Company’s and the Director’s continuing obligations hereunder in the event of expiration
or termination of this Agreement shall be subject to the terms of Section XIV hereof.

 

VIII. Limitation
of Liability and Force Majeure

 

		A.	Under no circumstances shall the Company be liable to the Director for any consequential damages
claimed by any other party as a result of representations made by the Director with respect to the Company which are materially
different from any to those made in writing by the Company.

 

		B.	Furthermore, except for the maintenance of confidentiality, neither party shall be liable to the
other for delay in any performance, or for failure to render any performance under this Agreement when such delay or failure is
caused by Government regulations (whether or not valid), fire, strike, differences with workmen, illness of employees, flood, accident,
or any other cause or causes beyond reasonable control of such delinquent party.

 

IX.   Confidentiality
and Use of Director Information

 

		A.	The Director agrees to sign and
                                         abide by the Company’s Director Proprietary Information Agreement attached hereto
                                         as Exhibit A (the “Proprietary Information Agreement”).

 

		B.	The Director explicitly consents to the Company holding and processing both electronically and
manually the information that he or she provides to the Company or the data that the Company collects which relates to the Director
for the purpose of the administration, management and compliance purposes, including but not limited to the Company’s disclosure
of any and all information provided by the Director in the Company’s proxy statements, annual reports or other securities
filings or reports pursuant to federal or state securities laws or regulations, and the Director agrees to promptly notify the
Company of any misstatement of a material fact regarding the Director, and of the omission of any material fact necessary to make
the statements contained in such documents regarding the Director not misleading.

 

X.     Resolution
of Dispute

 

Any dispute regarding this Agreement
(including without limitation its validity, interpretation, performance, enforcement, termination and damages) shall be determined
in accordance with the laws of the State of Nevada, the United States of America. Any action under this paragraph shall not preclude
any party hereto from seeking injunctive or other legal relief to which each party may be entitled.

 

XI.    Entire
Agreement

 

This Agreement (including agreements
executed in substantially the form of the exhibits attached hereto) supersedes all prior or contemporaneous written or oral understandings
or agreements, and, except as otherwise set forth herein, may not be added to, modified, or waived, in whole or in part, except
by a writing signed by the party against whom such addition, modification or waiver is sought to be asserted.

 

XII.  Assignment

 

This Agreement and all of the
provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted
assigns and, except as otherwise expressly provided herein, neither this Agreement, nor any of the rights, interests or obligations
hereunder shall be assigned by either of the parties hereto without the prior written consent of the other party.

 

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XIII. Notices

 

Any and all notices, requests
and other communications required or permitted hereunder shall be in writing, registered mail or by facsimile, to each of the parties
at the addresses provided. Any such notice shall be deemed given when received and notice given by registered mail shall be considered
to have been given on the tenth (10th) day after having been sent in the manner provided for above.

 

XIV. Survival
of Obligations

 

Notwithstanding the expiration
or termination of this Agreement, neither party hereto shall be released hereunder from any liability or obligation to the other
which has already accrued as of the time of such expiration or termination (including, without limitation, the Director’s
obligations under the Proprietary Information Agreement, the Company’s obligation to make any fees and expense payments required
pursuant to Section IV due up to the date of the expiration or termination, and the Company’s indemnification and insurance
obligations set forth in Section V hereof) or which thereafter might accrue in respect of any act or omission of such party prior
to such expiration or termination.

 

XV.  Attorneys’
Fees

 

If any legal action or other proceeding
is brought for the enforcement of this Agreement, or because of a dispute, breach or default in connection with any of the provisions
hereof, the successful or substantially prevailing party (including a party successful or substantially prevailing in defense)
shall be entitled to recover its actual attorneys’ fees and other costs incurred in that action or proceeding, in addition
to any other relief to which it may be entitled.

 

XVI. Severability

 

Any provision of this Agreement
which is determined to be invalid or unenforceable shall not affect the remainder of this Agreement, which shall remain in effect
as though the invalid or unenforceable provision had not been included herein, unless the removal of the invalid or unenforceable
provision would substantially defeat the intent, purpose or spirit of this Agreement.

 

XVII. Counterparts

 

This Agreement may be executed
in any number of counterparts, all of which taken together shall constitute one instrument. Execution and delivery of this Agreement
by facsimile or other electronic signature is legal, valid and binding for all purposes.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, the parties hereto have caused this
Board of Directors Agreement to be executed as of the date first written above.

 

	 	LA ROSA HOLDINGS CORP.
	 	 	 
	 	By:	/s/ Joe La Rosa
	 	 	Joe La Rosa
	 	 	Chief Executive Officer and Director

 

	 	DIRECTOR:
	 	 
	 	/s/ Ned L. Siegel
	 	Name:	Ned L. Siegel

 

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EXHIBIT A

 

LA ROSA HOLDINGS CORP.

DIRECTOR PROPRIETARY INFORMATION AGREEMENT

 

THIS DIRECTOR PROPRIETARY INFORMATION AGREEMENT
(the “Agreement”) is made effective as of as of the date of that certain Director Agreement (as defined herein),
by and between LA ROSA HOLDINGS CORP., a Nevada corporation (the “Company”), and the undersigned signatory (the
“Director”).

 

WHEREAS, the
Director has agreed to serve on the Board of Directors of the Company (the “Board”) pursuant to that certain
Board of Directors Agreement between the Company and Director (the “Director Agreement”);

 

WHEREAS, the
parties desire to assure the confidential status of the information which may be disclosed by the Company to the Director in connection
with the Director serving on the Board; and

 

NOW THEREFORE, in
reliance upon and in consideration of the following undertaking, the parties agree as follows:

 

		1.	Subject to the limitations set forth in Section 2, all information disclosed by the Company to
the Director shall be deemed to be “Proprietary Information.” In particular, Proprietary Information shall be
deemed to include any information, process, technique, algorithm, program, design, drawing, formula or test data relating to any
research project, work in process, future development, engineering, manufacturing, marketing, servicing, financing or personnel
matter relating to the Company, any of its affiliates or subsidiaries, present or future products, sales, suppliers, customers,
employees, investors, or business of the Company or any of its affiliates or subsidiaries, whether or oral, written, graphic or
electronic form.

 

		2.	The term “Proprietary Information” shall not be deemed to include the following
information: (i) information which is now, or hereafter becomes, through no breach of this Agreement on the part of the Director,
generally known or available to the public; (ii) is known by the Director at the time of receiving such information; (iii) is hereafter
furnished to the Director by a third party, as a matter of right and without restriction on disclosure; or (iv) is the subject
of a written permission to disclose provided by the Company.

 

		3.	The Director shall maintain in trust and confidence and not disclose to any third party or use
for any unauthorized purpose any Proprietary Information received from the Company. The Director may use such Proprietary Information
only to the extent required to accomplish the purposes of his position at the Company. The Director shall not use Proprietary Information
for any purpose or in any manner which would constitute a violation of any laws or regulations, including without limitation the
export control laws of the United States. No other rights of licenses to trademarks, inventions, copyrights, or patents are implied
or granted under this Agreement.

 

		4.	Proprietary Information supplied shall not be reproduced in any form except as required to accomplish
the intent of this Agreement.

 

		5.	The Director represents, warrants and covenants that he shall protect the Proprietary Information
received with at least the same degree of care used to protect his or her own Proprietary Information from unauthorized use or
disclosure.

 

		6.	All Proprietary Information (including all copies thereof) shall remain in the property of the
Company, and shall be returned to the Company (or destroyed) after the Director's need for it has expired, or upon request of the
Company, and in any event, upon the expiration or termination of Director Agreement.

 

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		7.	Notwithstanding any other provision of this Agreement, disclosure of Proprietary Information shall
not be precluded if such disclosure:

 

		a.	is in response to a valid order, including a subpoena, of a court or other governmental body of
the United States or any political subdivision thereof; provided, however, that to the extent reasonably feasible, the Director
shall first have given the Company notice of the Director’s receipt of such order and the Company shall have had an opportunity
to obtain a protective order requiring that the Proprietary Information so disclosed be used only for the purpose for which the
order was issued;

 

		b.	is otherwise required by law; or

 

		c.	is otherwise necessary to establish rights or enforce obligations under this Agreement, but only
to the extent that any such disclosure is necessary.

 

		8.	This Agreement shall continue in full force and effect during the term of the Director Agreement.
This Agreement may be terminated at any time thereafter upon thirty (30) days written notice to the other party. The termination
of this Agreement shall not relieve the Director of the obligations imposed by Paragraphs 3, 4, 5 and 11 of this Agreement with
respect to Proprietary information disclosed prior to the effective date of such termination and the provisions of these Paragraphs
shall survive the termination of this Agreement indefinitely with respect to Proprietary Information that constitutes “trade
secrets” and for a period of eighteen (18) months from the date of such termination with respect to other Proprietary Information.

 

		9.	This Agreement shall be governed by the laws of the State of Nevada as those laws are applied to
contracts entered into and to be performed entirely in Nevada.

 

		10.	This Agreement contains the final, complete and exclusive agreement of the parties relative to
the subject matter hereof and may not be changed, modified, amended or supplemented except by a written instrument signed by both
parties.

 

		11.	Each party hereby acknowledges and agrees that in the event of any breach of this Agreement by
the Director, including, without limitation, an actual or threatened disclosure of Proprietary Information without the prior express
written consent of the Company, the Company will suffer an irreparable injury, such that no remedy at law will afford it adequate
protection against, or appropriate compensation for, such injury. Accordingly, each party hereby agrees that the Company shall
be entitled to specific performance of the Director's obligations under this Agreement, as well as such further injunctive relief
as may be granted by a court of competent jurisdiction.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, the parties hereto have executed
this Director Proprietary Information Agreement on and as of the day and year first above written.

 

	 	LA ROSA HOLDINGS CORP.
	 	 	 
	 	By:	/s/ Joe La Rosa
	 	 	Joe La Rosa
	 	 	Chief Executive Officer and Director

 

	 	DIRECTOR:
	 	 
	 	/s/ Ned L. Siegel
	 	Name:	Ned L. Siegel

 

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EXHIBIT B

 

LA ROSA HOLDINGS CORP. 

INDEMNIFICATION AGREEMENT

 

THIS INDEMNIFICATION
AGREEMENT is made effective as of [*], 2021 (this “Agreement”), by and between LA ROSA HOLDINGS CORP., a Nevada corporation
(the “Company”) and the undersigned signatory (“Indemnitee”).

 

RECITALS

 

		A.	The Company and Indemnitee recognize the continued difficulty in obtaining liability insurance
for its directors, officers, employees, stockholders, controlling persons, agents and fiduciaries, the significant increases in
the cost of such insurance and the general reductions in the coverage of such insurance.

 

		B.	the Company and Indemnitee further recognize the substantial increase in corporate litigation in
general, which subjects directors, officers, employees, controlling persons, stockholders, agents and fiduciaries to expensive
litigation risks at the same time as the availability and coverage of liability insurance has been severely limited.

 

		C.	Indemnitee does not regard the current protection available as adequate under the present circumstances,
and Indemnitee and other directors, officers, employees, stockholders, controlling persons, agents and fiduciaries of the Company
may not be willing to serve in such capacities without additional protection.

 

		D.	The Company (i) desires to attract and retain highly qualified individuals and entities, such as
Indemnitee, to serve the Company and, in part, in order to induce Indemnitee to be involved with the Company and (ii) wishes to
provide for the indemnification and advancing of expenses to Indemnitee to the maximum extent permitted by law.

 

		E.	This Agreement forms part of the consideration for Indemnitee to serve, or to continue to serve,
as an officer or director of the Company, and allows Indemnitee to fulfill his or her fiduciary duties under law and take on actions
for or on behalf of the Company.

 

		F.	In view of the considerations set forth above, the Company desires that Indemnitee be indemnified
by the Company as set forth herein.

 

NOW, THEREFORE, in
consideration of the premises and the covenants contained herein, the Company and Indemnitee hereby agree as follows:

 

1.    Indemnification.

 

		a.	Indemnification of Expenses. The Company shall indemnify and hold harmless Indemnitee (including
its respective directors, officers, partners, former partners, members, former members, employees, agents and spouse, as applicable)
and each person who controls any of them or who may be liable within the meaning of Section 15 of the Securities Act of 1933, as
amended (the “Securities Act”), or Section 20 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), to the fullest extent permitted by law if Indemnitee was or is or becomes a party to or witness or other participant
in, or is threatened to be made a party to or witness or other participant in, any threatened, pending or completed action, suit,
proceeding or alternative dispute resolution mechanism, or any hearing, inquiry or investigation that Indemnitee believes might
lead to the institution of any such action, suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal,
administrative, investigative or other (hereinafter a “Claim”) by reason of (or arising in part or in whole
out of) any event or occurrence related to the fact that Indemnitee is or was or may be deemed a director, officer, stockholder,
employee, controlling person, agent or fiduciary of the Company, or any subsidiary of the Company, or is or was or may be deemed
to be serving at the request of the Company as a director, officer, stockholder, employee, controlling person, agent or fiduciary
of another corporation, partnership, limited liability company, joint venture, trust or other enterprise, or by reason of any action
or inaction on the part of Indemnitee while serving in such capacity including, without limitation, any and all losses, claims,
damages, expenses and liabilities, joint or several (including any investigation, legal and other expenses incurred in connection
with, and any amount paid in settlement of, any action, suit, proceeding or any claim asserted) under the Securities Act, the Exchange
Act or other federal or state statutory law or regulation, at common law or otherwise or which relate directly or indirectly to
the registration, purchase, sale or ownership of any securities of the Company or to any fiduciary obligation owed with respect
thereto or as a direct or indirect result of any Claim made by any stockholder of the Company against Indemnitee and arising out
of or related to any round of financing of the Company (including but not limited to Claims regarding non-participation, or non-pro
rata participation, in such round by such stockholder), or made by a third party against Indemnitee based on any misstatement or
omission of a material fact by the Company in violation of any duty of disclosure imposed on the Company by federal or state securities
or common laws (hereinafter an “Indemnification Event”) against any and all expenses (including attorneys’
fees and all other costs, expenses and obligations incurred in connection with investigating, defending a witness in or participating
in (including on appeal), or preparing to defend, be a witness in or participate in, any such action, suit, proceeding, alternative
dispute resolution mechanism, hearing, inquiry or investigation), judgments, fines, penalties and amounts paid in settlement (if,
and only if, such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) of such
Claim and any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments
under this Agreement (collectively, hereinafter “Expenses”), including all interest, assessments and other charges
paid or payable in connection with or in respect of such Expenses. Such payment of Expenses shall be made by the Company as soon
as practicable but in any event no later than ten (10) days after written demand by Indemnitee therefor is presented to the Company.

 

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		b.	Reviewing Party. Notwithstanding the foregoing, (i) the obligations of the Company under
Section 1(a) shall be subject to the condition that the Reviewing Party (as described in Section 6(e) hereof) shall not have determined
(in a written opinion, in any case in which the Independent Legal Counsel referred to in Section 1(e) hereof is involved) that
Indemnitee would not be permitted to be indemnified under applicable law, and (ii) Indemnitee acknowledges and agrees that the
obligation of the Company to make an advance payment of Expenses to Indemnitee pursuant to Section 2(a) (an “Expense Advance”)
shall be subject to the condition that, if, when and to the extent that the Reviewing Party determines that Indemnitee would not
be permitted to be so indemnified under applicable law, the Company shall be entitled to be reimbursed by Indemnitee (who hereby
agrees to reimburse the Company) for all such amounts theretofore paid; provided, however, that if Indemnitee has commenced or
thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that Indemnitee should be
indemnified under applicable law, any determination made by the Reviewing Party that Indemnitee would not be permitted to be indemnified
under applicable law shall not be binding and Indemnitee shall not be required to reimburse the Company for any Expense Advance
until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted
or lapsed). Indemnitee’s obligation to reimburse the Company for any Expense Advance shall be unsecured and no interest shall
be charged thereon. If there has not been a Change in Control (as defined in Section 6(c) hereof), the Reviewing Party shall be
selected by the Company’s Board of Directors (the “Board”), and if there has been such a Change in Control (other
than a Change in Control which has been approved by a majority of the Board who were directors immediately prior to such Change
in Control), the Reviewing Party shall be the Independent Legal Counsel referred to in Section 1(e) hereof. If there has been no
determination by the Reviewing Party or if the Reviewing Party determines that Indemnitee substantively would not be permitted
to be indemnified in whole or in part under applicable law, Indemnitee shall have the right to commence litigation seeking an initial
determination by the court or challenging any such determination by the Reviewing Party or any aspect thereof, including the legal
or factual bases therefor, and the Company hereby consents to service of process and to appear in any such proceeding. Any determination
by the Reviewing Party otherwise shall be conclusive and binding on the Company and Indemnitee.

 

		c.	Contribution. If the indemnification provided for in Section 1(a) above for any reason is
determined by the Reviewing Party or held by a court of competent jurisdiction to be unavailable to Indemnitee in respect of any
losses, claims, damages, expenses or liabilities referred to therein, then the Company, in lieu of indemnifying Indemnitee thereunder,
shall, to the fullest extent permissible under applicable law, contribute to the amount paid or payable by Indemnitee as a result
of such losses, claims, damages, expenses or liabilities in such proportion as is appropriate to reflect the relative benefits
received by the Company and Indemnitee and the relative fault of the Company and Indemnitee in connection with the action or inaction
which resulted in such losses, claims, damages, expenses or liabilities, as well as any other relevant equitable considerations.
In connection with losses, claims, damages, expenses or liabilities resulting from the registration of the Company’s securities,
the relative benefits received by the Company and Indemnitee shall be deemed to be in the same respective proportions that the
net proceeds from the offering (before deducting expenses) received by them, in each case as set forth in the table on the cover
page of the applicable prospectus, bear to the aggregate public offering price of the securities so offered. The relative fault
of the Company and Indemnitee shall be determined by reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company
or Indemnitee and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such
statement or omission.

 

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The Company and Indemnitee agree
that it would not be just and equitable if contribution pursuant to this Section 1(c) were determined by pro rata or per capita
allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the
immediately preceding paragraph. In connection with losses, claims, damages, expenses or liabilities resulting from the registration
of the Company’s securities, in no event shall Indemnitee be required to contribute any amount under this Section 1(c) in
excess of the lesser of (i) that proportion of the total of such losses, claims, damages or liabilities indemnified against equal
to Indemnitee’s proportion of the total securities being offered under such registration statement or (ii) the proceeds received
by Indemnitee from its securities sold under the registration statement. Notwithstanding this Section 1(c), no person found guilty
of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from
any person who was not found guilty of such fraudulent misrepresentation.

 

		d.	Survival Regardless of Investigation. The indemnification and contribution provided for
in this Section 1 will remain in full force and effect regardless of any investigation made by or on behalf of Indemnitee or any
officer, director, employee, agent or controlling person of Indemnitee.

 

		e.	Change in Control. The Company agrees that if there is a Change in Control of the Company
(other than a Change in Control which has been approved by a majority of the Board who were directors immediately prior to such
Change in Control) then, with respect to all matters thereafter arising concerning the rights of Indemnitee to payments of Expenses
under this Agreement or any other agreement or under the Company’s Certificate of Incorporation, as amended (the “Certificate”)
or Bylaws as now or hereafter in effect, Independent Legal Counsel (as defined in Section 6(d) hereof) shall be selected by
Indemnitee and approved by the Company (which approval shall not be unreasonably withheld). Such counsel, among other things, shall
render its written opinion to the Company and Indemnitee as to whether and to what extent Indemnitee would be permitted to be indemnified
under applicable law. The Company agrees to abide by such opinion and to pay the reasonable fees of the Independent Legal Counsel
referred to above and to fully indemnify such counsel against any and all expenses (including attorneys’ fees), claims, liabilities
and damages arising out of or relating to this Agreement or its engagement pursuant hereto.

 

		f.	Mandatory Payment of Expenses. Notwithstanding any other provision of this Agreement, to
the extent that Indemnitee has been successful on the merits or otherwise, including, without limitation, the dismissal of an action
without prejudice, in the defense of any action, suit, proceeding, inquiry or investigation referred to in Section 1(a) hereof
or in the defense of any claim, issue or matter therein, Indemnitee shall be indemnified against all Expenses incurred by Indemnitee
in connection herewith.

  

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2.     Expenses:
Indemnification Procedure.

 

		a.	Advancement of Expenses. Subject to Section 1(b) hereof, the Company shall advance all Expenses
incurred by Indemnitee. The advances to be made hereunder shall be paid by the Company to Indemnitee as soon as practicable but
in any event no later than fifteen (15) days after written demand by Indemnitee therefor to the Company.

 

		b.	Notice/Cooperation by Indemnitee. Indemnitee shall give the Company written notice as soon
as practicable of any Claim made against Indemnitee for which indemnification will or could be sought under this Agreement; provided,
however, that any failure or delay in giving such notice shall not relieve the Company of its obligations under this Agreement
unless and to the extent that (i) the Company is not aware of such Claim and (ii) the Company is materially prejudiced by such
failure or delay. The written notice to the Company shall include a description of the nature of and the facts underlying the Claim
and be directed to the Chief Executive Officer of the Company at the address shown on the signature page of this Agreement (or
such other address as the Company shall designate in writing to Indemnitee).

 

		c.	No Presumptions; Burden of Proof. For purposes of this Agreement, the termination of
                                                            any Claim by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo
                                                            contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct
                                                            or have any particular belief or that a court has determined that indemnification is not permitted by applicable law. In
                                                            addition, neither the failure of the Reviewing Party to have made a determination as to whether Indemnitee has met any
                                                            particular standard of conduct or had any particular belief, nor an actual determination by the Reviewing Party
                                                            that Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of legal
                                                            proceedings by Indemnitee to secure a judicial determination that Indemnitee should be indemnified under applicable law,
                                                            shall be a defense to Indemnitee’s claim or create a presumption that Indemnitee has not met any particular standard of
                                                            conduct or did not have any particular belief. In connection with any determination by the Reviewing Party or otherwise as to
                                                            whether Indemnitee is entitled to be indemnified hereunder, the burden of proof shall be on the Company to establish that
                                                            Indemnitee is not so entitled.

 

		d.	Notice to Insurers. If, at the time of the receipt by the Company of a notice of a Claim
pursuant to Section 2(b) hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give
prompt written notice of the commencement of such Claim to the applicable insurers in accordance with the procedures set forth
in each of the policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on
behalf of Indemnitee, all amounts payable as a result of such action, suit, proceeding, inquiry or investigation in accordance
with the terms of such policies.

 

		e.	Selection of Counsel. In the event the Company is obligated hereunder to pay the Expenses
of any Claim, the Company shall be entitled to participate in the proceeding and assume the control of the defense of such Claim,
with counsel reasonably approved by Indemnitee (such approval shall not be unreasonably withheld, delayed or conditioned), upon
the delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel
by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement
for any fees of counsel subsequently incurred by Indemnitee with respect to the same Claim; provided that, (i) Indemnitee shall
have the right to employ Indemnitee’s counsel in any such Claim at Indemnitee’s sole expense; (ii) Indemnitee shall
have the right to employ Indemnitee’s own counsel in connection with such proceeding, at the expense of the Company, if such
counsel serves in a review, observer, advice and counseling capacity and does not otherwise materially control or participate in
the defense of such Claim; and (iii) if the Company and Indemnitee have mutually concluded that there is a conflict of interest
between them in the conduct of the defense of such Claim, then Indemnitee is entitled to retain its own counsel and the reasonable
fees and expenses of Indemnitee’s counsel reasonably approved by the Company (such approval shall not be unreasonably withheld,
delayed or conditioned) shall be at the expense of the Company.

 

    	 	B-4	 

     

    

 

3.    Additional
Indemnification Rights; Non-Exclusivity.

 

		a.	Scope. The Company hereby agrees to indemnify Indemnitee for the Expenses of any Claim to
the fullest extent permitted by law, even if indemnification is not specifically authorized by the other provisions of this Agreement
or any other agreement, the Company’s Certificate and Bylaws or by statute. In the event of any change after the date of
this Agreement in any applicable law, statute or rule which expands the right of a Nevada corporation to indemnify a member of
its board of directors or an officer, employee, agent or fiduciary, it is the intent of the parties hereto that Indemnitee shall
enjoy by this Agreement the greater benefits afforded by such change. In the event of any change in any applicable law, statute
or rule which narrows the right of a Nevada corporation to indemnify a member of its board of directors or an officer, employee,
agent or fiduciary, such change, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement,
shall have no effect on this Agreement or the parties’ rights and obligations hereunder except as set forth in Section 8(a)
hereof.

 

		b.	Non-Exclusivity. Notwithstanding anything in this Agreement, the indemnification provided
by this Agreement shall be in addition to any rights to which Indemnitee may be entitled under the Company’s Certificate
or Bylaws, any agreement, any vote of stockholders or disinterested directors, the laws of the State of Nevada, or otherwise. Notwithstanding
anything in this Agreement, the indemnification provided under this Agreement shall continue as to Indemnitee for any action Indemnitee
took or did not take while serving in an indemnified capacity even though Indemnitee may have ceased to serve in such capacity
and indemnification shall inure to the benefit of Indemnitee from and after Indemnitee’s first day of service as a director
with the Company or affiliation with a director from and after the date such director commences services as a director with the
Company.

 

		c.	No Duplication of Payments. Notwithstanding anything herein to the contrary, the Company
shall not be liable under this Agreement to make any payment in connection with any Claim made against Indemnitee to the extent
Indemnitee has otherwise actually received payment (under any insurance policy, any other agreement, the Company’s Certificate
and Bylaws or otherwise) of the amounts otherwise indemnifiable hereunder.

 

		d.	Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement
to indemnification by the Company for any portion of Expenses incurred in connection with any Claim, but not, however, for all
of the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such Expenses to which Indemnitee
is entitled thereunder.

 

		e.	Mutual Acknowledgement. The Company and Indemnitee acknowledge that in certain instances,
applicable law or public policy may prohibit the Company from indemnifying its directors, officers, employees, controlling persons,
agents or fiduciaries under this Agreement or otherwise.

 

		f.	Liability Insurance. During any period of time Indemnitee is entitled to indemnification
rights under this Agreement, the Company shall maintain liability insurance applicable to directors, officers, employees, control
persons, agents or fiduciaries, Indemnitee shall be covered by such policies in such a manner as to provide Indemnitee the same
rights and benefits as are accorded to the most favorably insured of the Company’s directors, if Indemnitee is a director,
or of the Company’s officers, if Indemnitee is not a director of the Company but is an officer; or of the Company’s
key employees, controlling persons, agents or fiduciaries, if Indemnitee is not an officer or director but is a key employee, agent,
control person, or fiduciary. Said liability insurance shall provide coverage amounts of no less than $2.0 million and shall be
held with an insurance carrier which the Board believes is of financially sound condition.

 

		4.	Exceptions. Any other provision herein to the contrary notwithstanding, the Company
shall not be obligated pursuant to the terms of this Agreement:

 

		a.	Claims Under Section 16(b). To indemnify Indemnitee for Expenses arising from or in connection
with any Claims for which a final decision by a court having jurisdiction in the matter determines that Indemnitee sold or purchased
the Company’s securities in violation of Section 16(b) of the Exchange Act or any similar successor statute;

 

    	 	B-5	 

     

    

 

		b.	Compensation Recovery Claims. To indemnify Indemnitee for Expenses arising from or in connection
with any Claims for any reimbursement of the Company by Indemnitee of any bonus or other incentive-based or equity-based compensation
or of any profits realized by Indemnitee from the sale of securities of the Company, as required under the Exchange Act (including
any such reimbursements that rise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act
of 2002, as amended (the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising from the purchase
and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act);

 

		c.	Indemnitee Claims. To indemnify Indemnitee for Expenses arising from or in connection with
any Claims initiated or brought voluntarily by Indemnitee not by way of defense, except with respect to Claims brought to establish
or enforce a right to indemnification under this Agreement, the Company’s Certificate and Bylaws or any applicable law;

 

		d.	Unlawful Indemnification. To indemnify Indemnitee for Expenses arising from or in connection
with any Claims for which a final decision by a court having jurisdiction in the matter determines that such indemnification is
not lawful;

 

		e.	Fraud. To indemnify Indemnitee for Expenses arising from or in connection with any Claims
for which a final decision by a court having jurisdiction in the matter determines that Indemnitee has committed fraud on the Company;
and

 

		f.	Insurance. To indemnify Indemnitee for which payment is actually and fully made to Indemnitee
under a valid and collectible insurance policy.

 

		5.	Period of Limitations. No legal action shall be brought and no cause of action shall
be asserted by or in the right of the Company against Indemnitee or Indemnitee’s estate, spouse, heirs, executors or personal
or legal representatives after the expiration of five (5) years from the date of accrual of such cause of action, and any claim
or cause of action of the Company shall be extinguished and deemed released unless asserted by the timely filing of a legal action
within such five (5) year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such
cause of action, such shorter period shall govern.

 

6.     Construction
of Certain Phrases.

 

		a.	For purposes of this Agreement, references to the “Company” shall include, in
addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation
or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers,
employees, agents or fiduciaries, so that if Indemnitee is or was or may be deemed a director, officer, employee, agent, control
person, or fiduciary of such constituent corporation, or is or was or may be deemed to be serving at the request of such constituent
corporation as a director, officer, employee, control person, agent or fiduciary of another corporation, partnership, joint venture,
employee benefit plan, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement
with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent corporation if
its separate existence had continued.

 

		b.	For purposes of this Agreement, references to “other enterprise” shall include
any employee benefit plan of the Company; references to “fines” shall include any excise taxes assessed on Indemnitee
with respect to an employee benefit plan; and references to “serving at the request of the Company” shall
include any service as a director, officer, employee, agent or fiduciary of the Company which imposes duties on, or involves services
by, such director, officer, employee, agent or fiduciary with respect to an employee benefit plan of the Company, its participants
or its beneficiaries.

 

		c.	For purposes of this Agreement a “Change in Control” shall be deemed to have
occurred if (i) any “person” (as such term is used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act), other than
a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned directly or
indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company,
(A) who is or becomes the beneficial owner, directly or indirectly, of securities of the Company representing 20% or more of the
combined voting power of the Company’s then outstanding Voting Securities, increases beneficial ownership of such securities
by 5% or more, or (B) becomes the “beneficial owner” (as defined in Rule 13d-3 under said Exchange Act), directly
or indirectly, of securities of the Company representing more than 30% of the total voting power represented by the Company’s
then outstanding Voting Securities, (ii) during any period of two consecutive years, individuals who at the beginning of such period
constitute the Board and any new director whose election by the Board or nomination for election by the Company’s stockholders
was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning
of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority
thereof, or (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation other
than a merger or consolidation which would result in the Voting Securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entity)
at least two-thirds (2/3) of the total voting power represented by the Voting Securities of the Company or such surviving entity
outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation
of the Company or an agreement for the sale or disposition by the Company of (in one transaction or a series of transactions) all
or substantially all of the Company’s assets. “Voting Securities” shall mean any securities of the Company
that vote generally in the election of directors.

 

    	 	B-6	 

     

    

 

		d.	For purposes of this Agreement, “Independent Legal Counsel” shall mean an attorney
or firm of attorneys, selected in accordance with the provisions of Section 1(e) hereof, who shall not have otherwise performed
services for the Company or Indemnitee within the last three (3) years (other than with respect to matters concerning the right
of Indemnitee under this Agreement, or of other indemnitees under similar indemnity agreements).

 

		e.	For purposes of this Agreement, a “Reviewing Party” shall mean any appropriate
person or body consisting of a member or members of the Board or any other person or body appointed by the Board, who is not a
party to the particular Claim for which Indemnitee is seeking indemnification, such as a committee of the Board or Independent
Legal Counsel.

 

		7.	Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall constitute an original.

 

		8.	Binding Effect: Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns, including any direct
or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets
of the Company, spouses, heirs, and personal and legal representatives. The Company shall require and cause any successor (whether
direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all, or a substantial part, of the business
and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree
to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession
had taken place. This Agreement shall continue in effect with respect to Claims relating to Indemnifiable Events regardless of
whether Indemnitee continues to serve as a director, officer, employee, agent, controlling person, or fiduciary of the Company
or of any other enterprise, including subsidiaries of the Company, at the Company’s request.

 

		9.	Attorneys’ Fees. In the event that any action is instituted by Indemnitee under
this Agreement or under any liability insurance policies maintained by the Company to enforce or interpret any of the terms hereof
or thereof, Indemnitee shall be entitled to be paid all Expenses incurred by Indemnitee with respect to such action if Indemnitee
is ultimately successful in such action. In the event of an action instituted by or in the name of the Company under this Agreement
to enforce or interpret any of the terms of this Agreement, Indemnitee shall be entitled to be paid Expenses incurred by Indemnitee
in the defense of such action (including costs and expenses incurred with respect to Indemnitee counterclaims and cross-claims
made in such action), and shall be entitled to the advancement of Expenses with respect to such action, in each case only to the
extent that Indemnitee is ultimately successful in such action.

 

    	 	B-7	 

     

    

 

		10.	Notice. All notices and other communications required or permitted hereunder shall
be in writing, shall be effective when given, and shall in any event be deemed to be given (a) five (5) days after deposit with
the U.S. Postal Service or other applicable postal service, if delivered by first class mail, postage prepaid, (b) upon delivery,
if delivered by hand, (c) one business day after the business day of deposit with Federal Express or similar overnight courier,
freight prepaid, or (d) one day after the business day of delivery by facsimile transmission, if deliverable by facsimile transmission,
with copy by first class mail, postage prepaid, and shall be addressed if to Indemnitee, at Indemnitee’s address as set forth
beneath the Indemnitee’s signature to this Agreement and if to the Company at the address of its principal corporate offices
(attention: Secretary) or at such other address as such party may designate by ten (10) days’ advance written notice to the
other party hereto.

 

		11.	Severability. The provisions of this Agreement shall be severable in the event that
any of the provisions hereof (including any provision within a single section, paragraph or sentence) are held by a court of competent
jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions hereof shall remain enforceable to the
fullest extent permitted by law. Furthermore, to the fullest extent possible, this Agreement (including, without limitations, each
portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable, that is not itself invalid,
void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal
or unenforceable.

 

		12.	Resolution of Dispute. This Agreement shall be governed by and its provisions construed
and enforced in accordance with the laws of the State of Nevada, without regard to the conflict of laws principles thereof. To
the fullest extent permitted by law, and unless the Company consents in writing to the selection of an alternative forum, the Courts
of the State of Nevada shall be the sole and exclusive forum for all purposes in connection with any dispute regarding, arising
out of or relating to this Agreement (including without limitation its validity, interpretation, performance, enforcement, termination
and damages).

 

		13.	Subrogation. In the event of payment under this Agreement, the Company shall be subrogated
to the extent of such payment to all of the rights of recovery of Indemnitee who shall execute all documents required and shall
do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights.

 

		14.	Amendment and Termination. No amendment, modification, termination or cancellation
of this Agreement shall be effective unless it is in writing signed by the parties to be bound thereby. Notice of same shall be
provided to all parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver
of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

		15.	Corporate Authority. The Board has approved
the terms of this Agreement.

 

IN WITNESS WHEREOF, the parties hereto have executed
this Indemnification Agreement on and as of the day and year first above written.

 

	 	LA ROSA HOLDINGS CORP.
	 	 
	 	By:	/s/ Joe La Rosa
	 	 	Joe La Rosa
	 	 	Chief Executive Officer and Director 1

420 Celebration Boulevard

2nd Floor
	 	 	Celebration, Florida 34747

 

    	 	B-8	 

     

    

 

	 	INDEMNITTEE:
	 	 
	 	/s/ Ned L. Siegel
	 	Name:	Ned L. Siegel

 

    	 	B-9Exhibit 10.10

 

LA ROSA HOLDINGS CORP. 

 

CONVERTIBLE NOTE PURCHASE AGREEMENT

 

July 22, 2021

 

La Rosa Holdings Corp. Convertible Note Purchase Agreement

 

    	 		 

    

    

 

LA ROSA HOLDINGS CORP.

 

CONVERTIBLE NOTE PURCHASE AGREEMENT

 

This Convertible Note Purchase
Agreement (the “Agreement”) is made as of the 22 day of July, 2021 by and among La Rosa Holdings Corp., a Nevada
corporation (“LRHC” or the “Company”), and the Subscriber(s) listed on Exhibit A attached
to this Agreement (the “Subscriber”). Each of the Company and a Subscriber is a “party” to
this Agreement, and one or more of them are the “parties” hereto.

 

RECITALS

 

WHEREAS, the Company and
the Subscriber are executing and delivering this Agreement in reliance upon an exemption from securities registration afforded
by the provisions of Section 4(a)(2) and/or Regulation D (“Regulation D”) as promulgated by the United States
Securities and Exchange Commission (“SEC”) under the Securities Act of 1933, as amended (the “Securities
Act”);

 

WHEREAS, the Company is
seeking funding of up to Five Hundred and Fifty Thousand Dollars and 00/100 ($550,000) (the “Offering Amount”),
in a private placement offering as more particularly described below (the “Offering”); provided that the Company
may, in its sole discretion increase or decrease the Offering Amount with notice to the Subscriber;

 

WHEREAS, pursuant to the
Offering, the Company shall, against payment therefor, issue and sell to the Subscriber, and the Subscriber shall purchase, as
provided herein, the Company’s interest bearing convertible promissory note maturing upon the earlier of: (i) the date that
the Company’s common stock, $0.0001 par value per share (“Common Stock”) becomes listed for trading on
a national securities exchange (including the Nasdaq), or (ii) July 6, 2022 (the “Maturity Date”), substantially
in the form of Convertible Promissory Note attached hereto as Exhibit B (the “Note”);

 

NOW, THEREFORE, in consideration
of the mutual covenants and other agreements contained in this Agreement, the Company and the Subscriber hereby agree as follows:

 

AGREEMENT

 

1.            Purchase
and Sale of Notes.

 

(a)          Sale
and Issuance of the Note. The Subscriber, intending to be legally bound, hereby irrevocably subscribes for and agrees to
purchase, at the Closing (defined below), the Note at 100% of the principal amount set forth on the first page of such Note (the
“Purchase Price”). This subscription is submitted to the Company in accordance with and subject to the terms
and conditions described in this Agreement. The Subscriber’s obligations hereunder are several and not joint obligations,
and no Subscriber shall have any liability to any person or entity (“Person”) for the performance or non-performance
of any obligation by any other Subscriber hereunder.

 

(b)          Subscription
Proceeds. All subscription proceeds received upon acceptance of the subscription by the Company at the Closing shall be
deposited directly into the Company’s operating account. Following payment by the Company of its costs and expenses such
funds will be used by the Company for general working capital purposes.

 

(c)          Payment.
Payment of the Purchase Price shall be due and payable upon execution and delivery of this Agreement by the Subscriber to the Company,
directly to a bank account noticed by the Company to the Subscriber prior to the Closing Date.

 

La Rosa Holdings Corp. Convertible
Note Purchase Agreement

 

    	 	1	 

    

    

 

 

(d)          Acknowledgement.
By executing this Agreement, the Subscriber acknowledges that: (i) the Subscriber: (A) is a sophisticated investor, who is able
to financially afford the loss of its entire investment, (B) has performed its own due diligence of the Company, its management
and this Offering; (C) has been informed of various matters, and has had the opportunity to ask Company management questions, relating
to the Company, its business, management, financial condition, and prospects, including but not limited to, this Agreement and
the Note (together, the “Offering Documents”) to its satisfaction; (ii) the Subscriber is an “accredited
investor” as such term is defined in Rule 501 of Regulation D promulgated under the Securities Act; (iii) the Subscriber
is not and has not been the subject of any “bad actor disqualifying event,” as described in Rule 506(d) of Regulation
D; and (iv) the Subscriber has relied upon its own determination and the advice of its legal counsel, accountants, financial and
tax advisers and other “purchaser representatives” regarding its decision to purchase the Note, and not on the Company
or any placement agent or any counsel or representative thereof.

 

(e)          Mandatory
Conversion. Prior to the Maturity Date, the Note shall convert automatically, without the need for action on the part of
any party, into shares of the Company’s Common Stock on the date of the closing of the Company’s initial public offering
of its Common Stock pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission
(“IPO”) at a price per share equal to the IPO share purchase price to the public multiplied by 0.80 (“Mandatory
Conversion Price”). Shares that are issued pursuant to this Sections 1(e) are referred to herein as the “Conversion
Shares.”

 

(f)          Closing;
Delivery. The sale of the Note by the Company to the Subscriber shall occur at one or more closings of the Offering on
a date or dates selected by the Company after the satisfaction of all conditions to its obligation to close as set forth in Section
5, provided that any such closing date shall not exceed ten (10) days after all conditions to the Company’s obligations to
close have been satisfied, unless the Company rejects the subscription in whole or in part by written notice to the Subscriber
and the return of the Subscriber’s Purchase Price payment (without deduction and without interest) within such time period
(each a “Closing” and the date of such Closing, the “Closing Date”). Closing on the sale
of the Note shall be consummated on such date as the Company accepts the Subscriber’s offer to purchase the Note as evidenced
by the Company’s counter-execution of the signature page to this Agreement. The Company shall, promptly thereafter, deliver
to the Subscriber: (A) the fully executed Agreement, and (B) a fully executed Note.

 

2.           Representations
and Warranties of the Company. The Company hereby represents and warrants to each Subscriber that as of the date of this
Agreement and as of the Closing Date:

 

(a)          Organization,
Good Standing and Qualification. LRHC is a corporation duly organized, validly existing and in good standing under the
laws of the State of Nevada and has all requisite corporate power and authority to carry on its business as now conducted and as
proposed to be conducted. LRHC is duly qualified to transact business and is in good standing in each jurisdiction in which the
failure so to qualify would have a material adverse effect on its business or properties (“Material Adverse Effect”).
LRHC has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to
transact the business it transacts and proposes to transact, to execute and deliver this Agreement and the Offering Documents and
to perform the provisions hereof.

 

 (b)          Authorization.
The Offering Documents have been duly authorized by all necessary corporate action of the Company, including but not limited to
any stockholder approval, and when executed and delivered by the Company, shall constitute valid and legally binding obligations
of the Company, enforceable against the Company in accordance with their respective terms except as limited by applicable bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance, and other laws of general application affecting enforcement of creditors’
rights generally, and as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable
remedies.

  

La Rosa Holdings Corp. Convertible
Note Purchase Agreement

 

    	 	2	 

    

    

  

(c)          Capitalization.

 

(i) As of the date hereof, the authorized capital stock of LRHC consists of: (A) Common Stock, 250,000,000 shares authorized; 30,000,000
shares issued and outstanding all of which are owned by Mr. Joseph La Rosa; and (B) 50,000,000 shares of preferred stock, $0.0001
par value per share, authorized, of which 2,000 shares have been designated as Series X Super Voting Preferred Stock all of which
are issued and outstanding and owned by Mr. Joseph La Rosa.

 

(ii) LRHC has no outstanding
bonds, debentures, notes or other obligations the holders of which have the right to vote (or which are convertible into or exercisable
for securities having the right to vote) with the stockholders of LRHC on any matter (“Voting Company Debt”).
There are not, as of the date hereof, any options, warrants, rights, convertible or exchangeable securities, “phantom”
stock rights, stock appreciation rights, stock-based performance units, commitments, contracts, arrangements or undertakings of
any kind to which LRHC is a party or by which it is bound (A) obligating LRHC to issue, deliver or sell or cause to be issued,
delivered or sold, additional shares of capital stock of, or other equity interests in, or any security convertible or exercisable
for or exchangeable into any capital stock of, or other equity interest in, LRHC or any Voting Company Debt, or (ii) obligating
the LRHC to issue, grant, extend or enter into any such option, warrant, right, security, unit, commitment, contract, arrangement
or undertaking. As of the date hereof, there are not any outstanding contractual obligations of LRHC to repurchase, redeem or otherwise
acquire any shares of capital stock of LRHC. There are no proxies, voting trusts or other agreements or understandings to which
LRHC is a party or is bound with respect to the voting of the capital stock of, or other equity interests in, the LRHC.

 

(iii) No Person has any right
to cause the Company to effect the registration under the Securities Act of any shares of the Common Stock. No Person has any preemptive
rights under LRHC’s organizational documents or any contract, agreement or arrangement.

 

(d)           No
Conflicts. Except as set forth in the Offering Documents, the execution, delivery and performance of the Offering Documents
by the Company, the consummation by the Company of the transactions contemplated by the Offering Documents, and the issuance of
the Note and the Conversion Shares (together, the “Securities”), and the performance by the Company of its obligations
under the Offering Documents, will not: (a) result in a violation of the Company’s Amended and Restated Articles of Incorporation
or the Company’s By-Laws, (b) conflict with, or constitute a default or an event which with notice or lapse of time or both
would become a default under, or give to others any rights of termination, amendment, acceleration or cancellation of, any material
agreement, note and/or other indebtedness, lease, license or instrument, or (c) result in a violation of any law, rule, regulation,
order, judgment or decree (including federal and state securities laws and regulations) applicable to the Company or by which any
property or asset of the Company is bound or affected. The Company owns or possesses all licenses, permits, franchises, authorizations,
patents, copyrights, proprietary software, service marks, trademarks and trade names, or rights thereto, without known conflict
with the rights of others, necessary or appropriate to conduct its business as presently conducted.

 

(e)          Consents.
The Company is not required to obtain any consent, authorization or order of, or make any filing or registration with, any court
or governmental agency or any regulatory or self-regulatory agency in order for it to execute, deliver or perform any of its obligations
under or contemplated by the Offering Documents. Except as otherwise provided in the Offering Documents, all consents, authorizations,
orders, filings and registrations which the Company is required to obtain pursuant to the preceding sentence have been obtained
or effected on or prior to the date hereof. The Company is unaware of any facts or circumstances which might prevent the Company
from obtaining or effecting any of the foregoing.

 

La Rosa Holdings Corp. Convertible
Note Purchase Agreement

 

    	 	3	 

    

    

  

(f)          No
General Solicitation. None of the Company, any of its affiliates, and any Person acting on its behalf, has engaged in any form
of general solicitation or general advertising (within the meaning of Regulation D under the Securities Act) in connection with
the offer or sale of the Shares.

 

(g)          No
Integrated Offering. None of the Company, any of its affiliates, and any Person acting on its behalf has, directly or indirectly,
made any offers or sales of any security or solicited any offers to buy any security, under circumstances that would require registration
of any of the Note or the Conversion Shares under the Securities Act by causing this Offering of the Note to be integrated with
prior offerings by LRHC for purposes of the Securities Act or any applicable stockholder approval provisions, including without
limitation, under the Company’s organizational documents or otherwise. None of the Company, its affiliates and any Person
acting on their behalf will take any action or steps referred to in the preceding sentence that would require registration of any
of the Note or Conversion Shares under the Securities Act by causing the Offering of the Note and Conversion Shares to be integrated
with other offerings, or otherwise.

 

(h)          Absence
of Litigation. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government
agency, self-regulatory organization or body, or arbitrator pending or, to the knowledge of the Company, threatened against the
Company or any of the Company’s officers or directors in their capacities as such.

 

(i)          Title
to Properties. The Company has good and marketable title to all material properties and tangible assets owned by it, free and
clear of all liens, charges, encumbrances or restrictions, except as such as are not significant or important in relation to the
Company’s business; all of the material leases and subleases under which the Company is the lessor or sublessor of properties
or assets or under which the Company holds properties or assets as lessee or sublessee are in full force and effect, and the Company
is not in default in any material respect with respect to any of the terms or provisions of any of such leases or subleases, and
to the Company’s knowledge no material claim has been asserted by anyone adverse to rights of the Company as lessor, sublessor,
lessee or sublessee under any of the leases or subleases mentioned above, or affecting or questioning the right of the Company
to continued possession of the leased or subleased premises or assets under any such lease or sublease. The Company owns, leases
or licenses all such properties as are necessary to its operations.

 

(j)          Securities
Law Compliance. The offer, offer for sale, and sale of the Note and the Conversion Shares have not been registered with the
SEC. The Note and the Conversion Shares are to be offered, offered for sale and sold in reliance upon the exemptions from the registration
requirements of Section 5 of the Securities Act. The Company will conduct the Offering in compliance with the requirements of Regulation
D under the Securities Act in partial reliance on the representations of the Subscriber, and the Company will file all appropriate
notices of offering with the SEC and the states of residence of the Subscriber.

 

(k)           Issuance
of Conversion Shares. The issuance, sale and delivery of the Conversion Shares has been duly authorized and reserved for issuance
by all requisite corporate action by the Company and, upon issuance in accordance with the Offering Documents, shall be: (a) duly
authorized, validly issued, fully paid and non-assessable, (b) free from all taxes, liens and charges with respect to the issue
thereof except that may be created by the Subscriber, and (c) entitled to the rights and preferences set forth in this Agreement
and the Note. Assuming (i) the accuracy of the information provided by the respective Subscribers in this Agreement, and (ii) that
all of the offerees and Subscribers are “accredited investors” as such term is defined in Rule 501 of Regulation D,
the offer and sale of the Note and the Conversion Shares pursuant to the terms of this Agreement are and will be exempt from the
registration requirements of the Securities Act and the rules and regulations promulgated thereunder. The Company is not disqualified
from the exemption under Regulation D by virtue of the disqualification contained in Rule 507 thereof or otherwise, and none of
the promoters, officers or directors of the Company are “bad actors” as defined in Rule 506 under Regulation D.

 

La Rosa Holdings Corp. Convertible
Note Purchase Agreement

 

    	 	4	 

    

    

  

(l)          Intellectual
Property. The Company owns or possesses sufficient legal rights to all trademarks, service marks, trade names, domain names,
copyrights, trade secrets, licenses, information, proprietary rights and processes, and patents (in each instance, as used by it
in connection with its business) without any known conflict with, or infringement of, the rights of others, which represent all
intellectual property rights necessary to the conduct of the Company’s business as now conducted and as presently contemplated
to be conducted, the lack of which would have a Material Adverse Effect. There are no outstanding options, licenses, or agreements
of any kind relating to the foregoing, nor is the Company bound by or a party to any options, licenses or agreements of any kind
with respect to the patents, trademarks, service marks, trade names, domain names, copyrights, trade secrets, licenses, information,
proprietary rights and processes of any other person or entity, except, in either case, for agreements between the Company and
its own directors, employees or consultants and/or standard end-user, object code, internal-use software license and support/maintenance
agreements. No product of the Company infringes in any respect with any license, permit, franchise, authorization, patent, copyright,
proprietary software, service mark, trademark, trade name or other right owned by any other Person.

 

(m)           Taxes.
(i) The Company has timely filed or caused to be timely filed with the appropriate taxing authority all material tax returns that
are required to be filed by, or with respect to, the Company (taking into account any applicable extension of time within which
to file), and all such tax returns were complete and accurate in all material respects.

 

(ii) All material taxes and
tax liabilities of the Company that are due and payable (whether or not shown on any tax returns) have been paid except for such
taxes being contested, or that will be contested, if necessary, in each case, in good faith, and, in each case, for which adequate
reserves have been established on the books and records of the Company in accordance with generally accepted accounting principles
(“GAAP”).

 

(n)          Compliance
with Laws; Permits. (i) The Company has not violated and is in compliance with all applicable laws, except for any violation
that, individually or in the aggregate, has not had, or would not reasonably be expected to have, a Material Adverse Effect or
would not reasonably be expected to prevent or materially delay consummation of this Agreement or the other transactions contemplated
by this Agreement.

 

(ii) Except as would not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or prevent or materially delay consummation
of this Agreement or the other transactions contemplated by this Agreement, the Company: (A) has all Permits required to conduct
its business as now conducted, and (B) is in compliance with all such Permits. Except as would not individually or in the aggregate
reasonably be expected to have a Material Adverse Effect, all of the Company’s Permits are valid and in full force and effect,
no default (with or without notice, lapse of time or both) has occurred under any such Permits and no limitation, restriction,
suspension, cancellation, revocation, withdrawal, modification or non-renewal of any such Permit is pending or, to the knowledge
of the Company, threatened, and to the knowledge of the Company, no event has occurred that would result in the limitation, restriction,
suspension, cancellation, revocation, withdrawal, modification or non-renewal of any such Permit.

 

(o)          Brokers.
Neither the Company nor any of its officers, directors, employees or stockholders has employed any broker or finder in connection
with the transactions contemplated herein.

 

La Rosa Holdings Corp. Convertible
Note Purchase Agreement

 

    	 	5	 

    

    

 

(p)          Disclosure.
None of the representations and warranties of the Company appearing in this Agreement or any information appearing in any Exhibit
hereto, when considered together as a whole, contains, or on any Closing Date will contain, any untrue statement of a material
fact or omits, or on any Closing Date will omit, to state any material fact required to be stated herein or therein in order for
the statements herein or therein, in light of the circumstances under which they were made, not to be misleading.

 

3.           Representations
and Warranties of Subscriber. Subscriber hereby represents and warrants to the Company that:

 

(a)          Authorization.
Each Subscriber is a limited liability company, partnership, corporation or other entity duly organized, validly existing and in
good standing under the laws of the State of their organization and each has all requisite power and authority to carry on its
business as now conducted and as proposed to be conducted. This Agreement, when executed and delivered by the Subscriber, will
constitute a valid and legally binding obligation of the Subscriber, enforceable in accordance with its terms, except as limited
by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, and any other laws of general application
affecting enforcement of creditors’ rights generally, and as limited by laws relating to the availability of a specific performance,
injunctive relief, or other equitable remedies.

 

(b)          Purchase
Entirely for Own Account. This Agreement is made with the Subscriber in reliance upon the Subscriber’s representation
to the Company, which by the Subscriber’s execution of this Agreement, the Subscriber hereby confirms, that the Note to be
acquired by the Subscriber will be acquired for investment for the Subscriber’s own account, not as a nominee or agent, and
not with a view to the resale or distribution of any part thereof, and that the Subscriber has no present intention of selling,
granting any participation in, or otherwise distributing the same. By executing this Agreement, the Subscriber further represents
that the Subscriber does not presently have any contract, undertaking, agreement or arrangement with any Person to sell, transfer
or grant participations to such person or to any third Person, with respect to any of the Securities. The Subscriber has not been
formed for the specific purpose of acquiring any of the Securities.

 

(c)          Knowledge.
The Subscriber is aware of the Company’s business affairs and financial condition and has acquired sufficient information
about the Company to reach an informed and knowledgeable decision to acquire the Securities. By executing and delivering this Agreement,
the Subscriber acknowledges and agrees that it has not received any private placement memorandum or prospectus for the Offering
but has instead performed and relied solely upon its own due diligence on the Company, its management and this Offering to its
satisfaction, that it has had the opportunity to request and review such documents as the Company has been able to provide without
undue effort or expense and to ask questions about Company, its management and this Offering to Company management and is satisfied
with its review of such documents and with such answers, and has had the opportunity to obtain the advice of its own counsel, accountants,
tax or financial advisor(s) or “purchaser representative” as defined in Regulation D under the Securities Act. The
Subscriber has not utilized or relied upon any other information, document, instrument, discussion or otherwise, whether from the
Company or any other Person, in making its decision to purchase the Note.

 

(d)          Restricted
Securities. The Subscriber understands that the Securities have not been, and will not be, registered under the Securities
Act, by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things,
the bona fide nature of the investment intent and the accuracy of the Subscriber’s representations as expressed herein.
The Subscriber understands that the Securities are “restricted securities” under applicable U.S. federal and state
securities laws and that, pursuant to these laws, the Subscriber must hold the Securities indefinitely unless they are registered
with the Securities and Exchange Commission and qualified by state authorities,

 

La Rosa Holdings Corp. Convertible
Note Purchase Agreement

 

    	 	6	 

    

    

 

or an exemption from such
registration and qualification requirements is available. The Subscriber further acknowledges that if an exemption from registration
or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner
of sale, the holding period for the Securities, and on requirements relating to the Company which are outside of the Subscriber’s
control, and which the Company is under no obligation and may not be able to satisfy. Therefore, the Subscriber acknowledges that
it will be required to hold the Securities for an indefinite period of time after purchase.

 

(e)          No
Public Market. The Subscriber understands that no public market now exists for any of the Securities issued by the Company,
that the Company has made no assurances that a public market will ever exist for the Securities.

 

(f)           Legends.
The Subscriber understands that the Securities, and any securities issued in respect thereof, or exchange therefor, may bear one
or all of the following legends:

 

(i)       “THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR
INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE
EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM REASONABLY SATISFACTORY
TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.”

 

(ii)       Any
legend required by the Blue-Sky laws of any state to the extent such laws are applicable to the shares represented by the certificate
so legend.

 

(g)          Accredited
Investor. The Subscriber is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities
Act.

 

4.           Conditions
of the Subscribers’ Obligations at Closing. The obligations of each Subscriber to the Company under this Agreement
are subject to the fulfillment, on or before the Closing, of each of the following conditions, unless otherwise waived by the Subscriber:

 

(a)          Representations
and Warranties. The representations and warranties of the Company contained in Section 2 shall be true and correct on and
as of the Closing Date with the same effect as though such representations and warranties had been made on and as of the date of
the Closing.

 

(b)          Qualifications.
All authorizations, approvals or permits, if any, of any governmental authority or regulatory body of the United States or of any
state that are required in connection with the lawful issuance and sale of the Securities pursuant to this Agreement shall be obtained
by the Company and be effective as of the Closing.

 

5.           Conditions
of the Company’s Obligations at Closing. The obligations of the Company to each Subscriber under this Agreement are
subject to the fulfillment, on or before the Closing, of each of the following conditions, unless otherwise waived:

 

(a)          Representations
and Warranties. The representations and warranties of each Subscriber contained in Section 3 shall be true on and as of
the Closing with the same effect as though such representations and warranties had been made on and as of the Closing.

 

(b)          Qualifications.
All authorizations, approvals or permits, if any, of any governmental authority or regulatory body of the United States or of any
state that are required in connection with the lawful issuance and sale of the Securities pursuant to this Agreement shall be obtained
and effective as of the Closing.

 

La Rosa Holdings Corp. Convertible
Note Purchase Agreement

 

    	 	7	 

    

    

 

(c)          Delivery.
The Subscriber shall have delivered :(i) to the Company a dated and executed signature page to this Agreement, with all blanks
properly completed; and (ii) the Purchase Price to the Trust Account.

 

6.           Covenants
of the Company. Until all Notes have been paid in full, the Company:

 

(a)         will, and will
cause each of its subsidiaries to, comply with all laws, ordinances or governmental rules or regulations to which each of them
is subject, and will obtain and maintain in effect all licenses, certificates, permits, franchises and other governmental authorizations
necessary to the ownership of their respective properties or to the conduct of their respective businesses, in each case to the
extent necessary to ensure that non-compliance with such laws, ordinances or governmental rules or regulations or failures to obtain
or maintain in effect such licenses, certificates, permits, franchises and other governmental authorizations could not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect on the ;

 

(b)          will,
and will cause each of its subsidiaries to, operate its business in the usual and customary matter, and maintain its relationships
with its employees, customers, vendors and suppliers and will, and will cause each of its subsidiaries to, maintain and keep, or
cause to be maintained and kept, their respective properties in good repair, working order and condition (other than ordinary wear
and tear), so that the business carried on in connection therewith may be properly conducted at all times, provided that this Section
shall not prevent the Company or any subsidiary from discontinuing the operation and the maintenance of any of its properties if
such discontinuance is desirable in the conduct of its business and the Company has concluded that such discontinuance could not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect;

 

(c)           will
not and will not permit any subsidiary to engage in any business if, as a result, the general nature of the business in which the
Company and its subsidiaries, taken as a whole, would then be engaged would be substantially changed from the general nature of
the business in which the Company and its subsidiaries, taken as a whole, are engaged on the date of this Agreement;

 

(d)           will,
and will cause each of its subsidiaries to, maintain, with financially sound and reputable insurers, insurance with respect to
their respective properties and businesses against such casualties and contingencies, of such types, on such terms and in such
amounts (including deductibles, co-insurance and self-insurance, if adequate reserves are maintained with respect thereto) as is
customary in the case of entities of established reputations engaged in the same or a similar business and similarly situated;

 

(e)          will,
and will cause each of its subsidiaries to, file all tax returns required to be filed in any jurisdiction and to pay and discharge
all taxes shown to be due and payable on such returns and all other taxes, assessments, governmental charges, or levies imposed
on them or any of their properties, assets, income or franchises, to the extent the same have become due and payable and before
they have become delinquent and all claims for which sums have become due and payable that have or might become a lien on properties
or assets of the Company or any subsidiary, provided that neither the Company nor any subsidiary need pay any such tax, assessment,
charge, levy or claim if: (i) the amount, applicability or validity thereof is contested by the Company or such subsidiary on a
timely basis in good faith and in appropriate proceedings, and the Company or a subsidiary has established adequate reserves therefor
in accordance with GAAP on the books of the Company or such subsidiary, or (ii) the nonpayment of all such taxes, assessments,
charges, levies and claims in the aggregate could not reasonably be expected to have a Material Adverse Effect;

 

La Rosa Holdings Corp. Convertible
Note Purchase Agreement

 

    	 	8	 

    

    

  

(f)          will
at all times preserve and keep in full force and effect its corporate existence and will at all times preserve and keep in full
force and effect the limited liability company existence of each of its subsidiaries (unless merged into the Company or a wholly-owned
subsidiary) and all rights and franchises of the Company and its subsidiaries unless, in the good faith judgment of the Company,
the termination of or failure to preserve and keep in full force and effect such corporate or limited liability company existence,
right or franchise could not, individually or in the aggregate, have a Material Adverse Effect;

 

(g)          will,
and will cause each of its subsidiaries to, maintain proper books of record and account in conformity with GAAP and all applicable
requirements of any governmental authority having legal or regulatory jurisdiction over the Company or such subsidiary, as the
case may be;

 

(h)          will
not, and will not permit any subsidiary to, sell, lease or otherwise dispose of more than forty percent (40%) of the assets of
the Company and its subsidiaries on a consolidated basis unless the Company utilizes the net proceeds received from such sale,
lease or other disposition to pay or pre-pay all of the then outstanding principal and accrued and unpaid interest and any fees
due and payable on all of the Notes then outstanding;

 

(i)          will
not, and will not permit any of its subsidiaries to, consolidate with or merge with any other Person unless prior to the date of
the consummation of such merger or consolidation, the Company pays or pre-pays all of the then outstanding principal and accrued
and unpaid interest and any fees due and payable on all of the Notes then outstanding;

 

(j)          will
not, and will not permit any of its subsidiaries to, take any action or omit to take any action that would circumvent the covenants
set forth herein or create substantial doubt as to whether the Company will, at any time after the Closing Date, be able to pay
the Note prior to the Maturity Date; and,

 

(k)          will
at all times reserve and keep available out of its authorized but unissued shares of Common Stock, as applicable, solely for the
purpose of effecting the conversion of the Note into Conversion Shares, such number of shares of its duly authorized shares of
Common Stock as will from time to time be sufficient to effect the conversion of the Note into Conversion Shares in full. If at
any time the number of authorized but unissued Common Stock is not sufficient to effect the conversion of the Note into Conversion
Shares, the Company will take such action as may, in the reasonable opinion of its counsel, be necessary to increase its authorized
but unissued Common Stock to such number as is sufficient for such purpose, including engaging in commercially reasonable efforts
to obtain the requisite stockholder approval of any necessary amendment to its certificate of incorporation. The Company further
agrees that all Conversion Shares that may be issued upon the conversion of the rights represented by the Note will be duly authorized
and will be validly issued, fully paid and non-assessable, free from all taxes, liens, charges and preemptive rights with respect
to the issuance thereof, other than restrictions imposed by federal and state securities laws.

 

 7.          Registration;
Exchange; Substitution of the Notes.

 

(a)            LRHC
shall keep at its principal executive office a register for the registration and registration of transfers of Notes. The name and
address of each holder of one or more Notes, each transfer thereof and the name and address of each transferee of one or more Notes
shall be registered in such register. Prior to due presentment for registration of transfer, the Person in whose name any Note
shall be registered shall be deemed and treated as the owner and holder thereof for all purposes hereof, and LRHC shall not be
affected by any notice or knowledge to the contrary.

 

La Rosa Holdings Corp. Convertible
Note Purchase Agreement

 

    	 	9	 

    

    

 

(b)            Upon surrender
of any Note to LRHC at LRHC’s principal executive office as set forth in Section 8, addressed and to the attention of the
designated officer (all as specified in Section 8(f), for registration of transfer or exchange or conversion (and in the case of
a surrender for registration of transfer accompanied by a written instrument of transfer duly executed by the registered holder
of such Note or such holder’s attorney duly authorized in writing and accompanied by the relevant name, address and other
information for notices of each transferee of such Note or part thereof), within ten (10) Business Days thereafter, the Company
shall execute and deliver, at the Company’s expense (except as provided below), one or more new Notes (as requested by the
holder thereof) in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered
Note. Each such new Note shall be payable to such Person as such holder may request and shall be substantially in the form of the
Note originally issued hereunder. Each such new Note shall be dated and bear interest from the date to which interest shall have
been paid on the surrendered Note or dated the date of the surrendered Note if no interest shall have been paid thereon. The Company
may require payment of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such transfer of
Notes. Any transferee, by its acceptance of a Note registered in its name (or the name of its nominee), shall be deemed to have
made the representations set forth in Section 3. For purposes of this Agreement, a “Business Day” is any day
other than a Saturday, Sunday or Federally observed holiday.

 

(c)            Upon receipt
by LRHC of evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of any Note,
and (i) in the case of loss, theft or destruction, of indemnity reasonably satisfactory to it, or (ii) in the case of mutilation,
upon surrender and cancellation thereof, LRHC at its own expense shall execute and deliver not more than five (5) Business Days
following satisfaction of such conditions, in lieu thereof, a new Note, dated and bearing interest from the date to which interest
shall have been paid on such lost, stolen, destroyed or mutilated Note or dated the date of such lost, stolen, destroyed or mutilated
Note if no interest shall have been paid thereon.

 

8.           Miscellaneous.

 

(a)          Lock-Up Agreement.
Upon the request of either the Company’s managing underwriter or the Company’s Board of Directors (the “Board”),
the Subscriber shall execute an agreement in a form and substance satisfactory to such managing underwriter or the Board, not to
sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar
transaction with the same economic effect as a sale of, any Common Stock or other securities of the Company held by the Subscriber,
including the Conversion Shares (the “Restricted Securities”), during the one hundred eighty (180)-day period
following the effective date of the Company’s first firm commitment underwritten public offering of its Common Stock (or
such longer period as the managing underwriter or the Company will request in order to facilitate compliance with applicable FINRA
rules). The Subscriber agrees to execute and deliver such other agreements as may be reasonably requested by the Company and/or
the managing underwriter that are consistent with the foregoing or that are necessary to give further effect to the foregoing provision.
The Company may impose stop-transfer instructions with respect to the Subscriber’s Restricted Securities until the end of
such period. The underwriters of the Company’s stock are intended third party beneficiaries of this Section and have the
right, power, and authority to enforce the provisions hereof as though they were a party to this Agreement.

 

 (b)          Survival;
Breach. Sections 2, 3 6, 7, and this Section 8 shall survive the execution and delivery of this Agreement and the Notes, the
purchase or transfer by any Subscriber of any Note or portion thereof or interest therein and the payment of any Note or the conversion
of the Notes and may be relied upon by LRHC and any subsequent holder of a Note, regardless of any investigation made at any time
by or on behalf of such Subscriber or any other holder of a Note. All statements contained in any certificate or other instrument
delivered by or on behalf of the Company pursuant to this Agreement shall be deemed representations and warranties of the Company
under this Agreement. Any breach of such representations, warranties and/or covenants of this Agreement shall be considered to
be an Event of Default under the Note and a breach of this Agreement.

 

La Rosa Holdings Corp. Convertible
Note Purchase Agreement

 

    	 	10	 

    

    

  

(c)          Successors
and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the parties hereto.
This Agreement is not assignable by the Company and is assignable by the Subscriber only upon the proper and lawful transfer of
the Note. This Agreement shall inure to the benefit of the Subscriber’s successors, heirs, personal representatives and permitted
assigns. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their
respective successors and permitted assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.

 

(d)          Governing
Law. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto
shall be governed, construed and interpreted in accordance with the laws of the State of Nevada, without giving effect to principles
of conflicts of law.

 

(e)          Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together
shall constitute one instrument. Executed counterparts of this Agreement may be delivered by facsimile transmission or by delivery
of a scanned counterpart in portable document format (PDF) by e-mail. The signatures in the facsimile or PDF data file will be
deemed to have the same force and effect as if the manually signed counterpart had been delivered to the other party in person.

 

(f)          Titles
and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered
in construing or interpreting this Agreement.

 

(g)          Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed
effectively given upon the earlier of actual receipt or: (a) personal delivery to the party to be notified, (b) when sent, if
sent by electronic mail or facsimile during normal business hours of the recipient upon confirmation of receipt, and if not
sent during normal business hours, then on the recipient’s next business day upon confirmation of receipt, (c) five (5)
days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one Business
Day after deposit with a nationally recognized overnight courier, freight prepaid, specifying next Business Day delivery,
with written verification of receipt. All communications shall be sent to the respective parties at their address as set
forth below, or to such e-mail address, facsimile number or address as subsequently modified by written notice given in
accordance with this Section. If notice is given to the Company to 1420 Celebration Boulevard, Suite 200, Celebration,
Florida 34747, Attn: Joseph La Rosa, Chief Executive Officer, fax: ______;
email joe@larosarealtycorp.com, with a copy (which shall not constitute notice) shall also be sent to Ross Carmel,
Esq., Carmel, Milazzo & Feil LLP, 55 West 39th Street, 18th Floor, New York, New York 10018; email: rcarmel@cmfllp.com,
fax: 646-838-1314, and if notice is given to the Subscriber, a copy (which shall not constitute notice) to__________, _____________,
Attention: _________; email:__________,
fax: ________.

 

(h)          Finder’s
Fee. Each Subscriber agrees to indemnify and to hold harmless the Company from any liability for any commission or compensation
in the nature of a placement agent’s or finder’s fee (and the costs and expenses of defending against such liability
or asserted liability) for which each Subscriber or any of its officers, employees, or representatives is responsible. The Company
agrees to indemnify and hold harmless each Subscriber from any liability for any commission or compensation in the nature of a
placement agent’s or finder’s fee (and the costs and expenses of defending against such liability or asserted liability)
for which the Company or any of its officers, employees or representatives is responsible.

 

La Rosa Holdings Corp. Convertible
Note Purchase Agreement

 

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(i)          Amendments
and Waivers. Any term of this Agreement may be amended or waived only with the written consent of the Company and the holders
of at least a majority of the then outstanding principal balance of the Notes. Any amendment or waiver effected in accordance with
this Section 8(h) shall be noticed in writing to all Note holders and shall be binding upon each Subscriber and each transferee
of the Securities, each future holder of all such Securities, and the Company.

 

(j)          Severability.
If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate
such provision in good faith, in order to maintain the economic position enjoyed by each party as close as possible to that under
the provision rendered unenforceable. In the event that the parties cannot reach a mutually agreeable and enforceable replacement
for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of the Agreement shall be interpreted
as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its terms.

 

(k)          Entire
Agreement. This Agreement, and the documents referred to herein constitute the entire agreement between the parties hereto
pertaining to the subject matter hereof, and any and all other written or oral agreements existing between the parties hereto are
expressly canceled.

 

(l)          Exculpation
Among Subscribers. Each Subscriber acknowledges that it is not relying upon any person, firm or corporation, other than
the Company and its officers and directors, in making its investment or decision to invest in the Company. Each Subscriber agrees
that no Subscriber nor any of the respective controlling persons, officers, directors, partners, agents, or employees thereof shall
be liable for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the Securities.

 

(m)          Stockholders,
Officers and Directors Not Liable. In no event shall any stockholder, officer or director of the Company be liable for
any amounts due or payable pursuant to the Note.

 

(n)          Counsel
Waiver. By their signature below, the Company and the Subscriber acknowledges that the law firm of Carmel, Milazzo &
Feil LLP (the “Firm”), the attorneys who has drafted this Agreement, has had an attorney-client relationship
with the Company and one or more Subscribers. Some of those matters which have been the subject of representation have been completed
and some are continuing. The Company and the Subscriber also recognize and acknowledge that the Firm has been engaged to represent
the Company in the drafting of this Agreement and the Note and certain matters related to the Offering. The parties recognize that
each of the Subscriber and the Company may have different interests in the Offering but notwithstanding that fact, the Company
and all Subscribers have, and do hereby, expressly give their direct, collective, informed and unconditional consent to such representation
in light of, among other factors, the economic and timing factors involved in drafting this Agreement and other Offering Documents
provided the Firm shall not represent any Subscribers in litigation relating to the Offering against the Company. All Subscribers
and the Company recognize that if the Company or any or all of the Subscribers desire individual representation with regard to
this Offering by independent counsel, the Company and each and every Subscriber who so desires is free to engage such counsel at
their own expense. The parties knowingly and voluntarily hereby waive any actual or potential conflict of interest between the
Firm, the Subscribers and the Company and hereby acknowledge that as to some communications with a Subscriber and the Firm (or
any attorney associated with the Firm), the attorney-client privilege giving a client the right to have his lawyer keep his communications
confidential may be subject to being waived by any one of the Subscribers or the Company.

 

La Rosa Holdings Corp. Convertible
Note Purchase Agreement

 

    	 	12	 

    

    

 

The parties have executed
this Convertible Note Purchase Agreement as of the date first written above.

 

	 	COMPANY:
	 	LA ROSA HOLDINGS CORP. 
	 	 	 
	 	By:	 
	 	 	Joseph La Rosa
	 	 	Chief Executive Officer

 

[Signature Page to Convertible Note Purchase
Agreement]

 

    	 		 

    

    

 

The parties have executed this Convertible Note
Purchase Agreement as of the date first written above.

 

	 	SUBSCRIBER:
	 	 
	 	 
	 	 
	 	By:	        
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature Page to Convertible Note Purchase
Agreement]

 

    	 		 

    

    

 

EXHIBIT INDEX

 

	Exhibit A -	Schedule of Subscribers
	 	 
	Exhibit B -	Form of Promissory Note

 

[Exhibit Index to Convertible Note Purchase
Agreement]

 

    	 		 

    

    

 

EXHIBIT A

 

SCHEDULE OF SUBSCRIBERS

 

	Name/Address and Facsimile

    Number/E-Mail Address/Telephone

    Number/Tax ID Number of

    Subscriber	 	Original Principal

    Amount of Note
	 	 	 
	Name:	 	 	$______.00
	Address:	 	 	 
	Telephone:	 	 	 
	E-Mail:	 	 	 
	Fax:	 	 	 
	Tax ID No.	 	 	 
	 	 	 	 
	Name:	 	 	$______.00
	Address:	 	 	 
	Telephone:	 	 	 
	E-Mail:	 	 	 
	Fax:	 	 	 
	Tax ID No.	 	 	 
	 	 	 	 
	Name:	 	 	$______.00
	Address:	 	 	 
	Telephone:	 	 	 
	E-Mail:	 	 	 
	Fax:	 	 	 
	Tax ID No.	 	 	 

 

    	 		 

    

    

 

EXHIBIT B

 

FORM OF CONVERTIBLE PROMISSORY NOTE

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