Voting Agreement between La Rosa Holdings Corp. and Joseph La Rosa dated June 18, 2025

Summary

This agreement is between La Rosa Holdings Corp. and shareholder Joseph La Rosa. It requires Mr. La Rosa to vote his shares in favor of a specific stockholder approval related to an exchange of warrants for Series B Convertible Preferred Stock, as part of a transaction with an investor. He must also vote against any actions that would breach the related agreements. The agreement restricts him from transferring or encumbering his shares until the required stockholder approval is obtained, after which his obligations under this agreement end.

EX-10.2 4 ea024624101ex10-2_larosa.htm FORM OF VOTING AGREEMENT BETWEEN THE COMPANY AND JOSEPH LA ROSA, DATED JUNE 18, 2025

Exhibit 10.2

 

VOTING AGREEMENT

 

VOTING AGREEMENT, dated as of June 18, 2025 (this “Agreement”), by and between La Rosa Holdings Corp., a Nevada corporation with offices located at 1420 Celebration Blvd., 2nd Floor, Celebration, Florida 34747 (the “Company”) and the Shareholder identified on the signature pages hereto (the “Shareholder”).

 

WHEREAS, the Company and an investor (the “Investor”) have entered into an Exchange Agreement (the “Exchange Agreement”) dated as of the date hereof, pursuant to which the Investor has agreed to exchange incremental note purchase warrants previously issued by the Company to the Investor pursuant to that certain Securities Purchase Agreement, dated as of February 4, 2024 (as amended, the “Securities Purchase Agreement”), by and between the Company and the Investor, in exchange for shares of the Company’s Series B Convertible Preferred Stock, par value $0.0001 per share (the “Series B Preferred Stock”), which will be convertible into shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) in accordance with the terms of the Certificate of Designation of Rights and Preferences of Series B Convertible Preferred Stock (the “COD”);

 

WHEREAS, as of the date hereof, the Shareholder owns shares of Common Stock (the “Shareholder Shares”), which collectively represent (i) approximately 21.1% of the total issued and outstanding Common Stock of the Company, and (ii) approximately 41.2% of the total voting power of the Company; and

 

WHEREAS, as a condition to the willingness of the Investor to enter into the Exchange Agreement and to consummate the transactions contemplated thereby (collectively, the “Transaction”), the Investor has required that the Shareholder agrees, and in order to induce the Investor to enter into the Exchange Agreement, the Shareholder has agreed, to enter into this Agreement with respect to all the Shareholder Shares now owned and which may hereafter be acquired by the Shareholder and any other securities of the Company (the “Other Securities”, and together with the Shareholder Shares, the “Shareholder Securities”), if any, which the Shareholder is currently entitled to vote, or after the date hereof become entitled to vote, at any meeting of the shareholders of the Company.

 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements contained herein, and intending to be legally bound hereby, the parties hereto hereby agree as follows:

 

ARTICLE I

VOTING AGREEMENT OF THE SHAREHOLDER

 

SECTION 1.01. Voting Agreement. Subject to the last sentence of this Section 1.01, the Shareholder hereby agrees that at any meeting of the shareholders of the Company, however called, and in any action by written consent of the Company’s shareholders, the Shareholder shall each vote its Shareholder Securities, which Shareholder is currently entitled to vote, or after the date hereof become entitled to vote, at any meeting of the shareholders of the Company: (a) in favor of the Stockholder Approval (as defined in the Exchange Agreement), as described in Section 18 of the Exchange Agreement; and (b) against any proposal or any other corporate action or agreement that would result in a breach of any covenant, representation or warranty or any other obligation or agreement of the Company under the Transaction Documents (as defined in the Securities Purchase Agreement) or which could result in any of the conditions to the Company’s obligations under the Transaction Documents not being fulfilled. The Shareholder acknowledges receipt and review of a copy of the Exchange Agreement and the other Transaction Documents. The obligations of the Shareholder under this Section 1.01 shall terminate immediately following the occurrence of the Stockholder Approval.

 

 

 

ARTICLE II

REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER

 

The Shareholder hereby represents and warrants to the Company and Investor as follows:

 

SECTION 2.01. Authority Relative to this Agreement. The Shareholder has all requisite power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Shareholder and constitutes a legal, valid and binding obligation of the Shareholder, enforceable against the Shareholder in accordance with its terms, except (a) as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or similar laws now or hereafter in effect relating to, or affecting generally, the enforcement of creditors’ and other obligees’ rights and (b) where the remedy of specific performance or other forms of equitable relief may be subject to certain equitable defenses and principles and to the discretion of the court before which the proceeding may be brought.

 

SECTION 2.02. No Conflict. (a) The execution and delivery of this Agreement by the Shareholder does not, and the performance of this Agreement by the Shareholder shall not, (i) conflict with or violate any federal, state or local law, statute, ordinance, rule, regulation, order, judgment or decree applicable to the Shareholder or by which the Shareholder Securities owned by the Shareholder are bound or affected or (ii) result in any breach of or constitute a default (or an event that 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, or result in the creation of a lien or encumbrance on any of the Shareholder Securities owned by the Shareholder pursuant to, any note, bond, mortgage, indenture, contract, agreement, lease, license, permit, franchise or other instrument or obligation to which any Shareholder is a party or by which the Shareholder or the Shareholder Securities owned by the Shareholder is bound.

 

(b) The execution and delivery of this Agreement by the Shareholder does not, and the performance of this Agreement by the Shareholder shall not, require any consent, approval, authorization or permit of, or filing with or notification to, any governmental entity by the Shareholder.

 

SECTION 2.03. Title to the Stock. The shares of Common Stock owned by the Shareholder are all the securities of the Company owned, either of record or beneficially, by the Shareholder. Such Common Stock is owned free and clear of all Encumbrances (as defined below). The Shareholder has not appointed or granted any proxy, which appointment or grant is still effective, with respect to the Common Stock or Other Securities owned by the Shareholder.

 

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ARTICLE III

COVENANTS

 

SECTION 3.01. No Disposition or Encumbrance of Stock. The Shareholder hereby covenants and agrees that the Shareholder shall not offer or agree to sell, transfer, tender, assign, hypothecate or otherwise dispose of, grant a proxy or power of attorney with respect to, or create or permit to exist any security interest, lien, claim, pledge, option, right of first refusal, agreement, limitation on the Shareholder’s voting rights, charge or other encumbrance of any nature whatsoever (“Encumbrance”) with respect to the Shareholder Securities, directly or indirectly, or initiate, solicit or encourage any person to take actions which could reasonably be expected to lead to the occurrence of any of the foregoing.

 

SECTION 3.02. Company Cooperation. The Company hereby covenants and agrees that it will not, and the Shareholder irrevocably and unconditionally acknowledges and agrees that the Company will not (and waives any rights against the Company in relation thereto), recognize any Encumbrance or agreement (other than this Agreement) on any of the Shareholder Securities subject to this Agreement.

 

ARTICLE IV

MISCELLANEOUS

 

SECTION 4.01. Further Assurances. The Shareholder shall execute and deliver such further documents and instruments and take all further action as may be reasonably necessary in order to consummate the transactions contemplated hereby.

 

SECTION 4.02. Specific Performance. The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement was not performed in accordance with the terms hereof and that the Investor shall be entitled to specific performance of the terms hereof, in addition to any other remedy at law or in equity. The Investor shall be entitled to its reasonable attorneys’ fees in any action brought to enforce this Agreement in which it is the prevailing party.

 

SECTION 4.03. Entire Agreement. This Agreement constitutes the entire agreement between the Company and the Shareholder (other than the Exchange Agreement and the other Transaction Documents) with respect to the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, among the Company and the Shareholder with respect to the subject matter hereof.

 

SECTION 4.04. Amendment. This Agreement may not be amended except by an instrument in writing signed by the parties hereto.

 

SECTION 4.05. Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of this Agreement is not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the terms of this Agreement remain as originally contemplated to the fullest extent possible.

 

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SECTION 4.06. No Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

SECTION 4.07. Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New York. The Company hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the Borough of Manhattan in the City of New York, New York, for the adjudication of any dispute hereunder or in connection herewith or under any of the other Transaction Documents or with any transaction contemplated hereby or thereby, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. The parties consent to the jurisdiction and venue of the foregoing courts and consent that any process or notice of motion or other application to any of said courts or a judge thereof may be served inside or outside the State of New York or the Southern District of New York by registered mail, return receipt requested, directed to the party being served at its address set forth on the signature ages to this Agreement (and service so made shall be deemed complete three (3) days after the same has been posted as aforesaid) or by personal service or in such other manner as may be permissible under the rules of said courts. Each of the Company and the Shareholder irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of the venue of any such suit, action, or proceeding brought in such a court and any claim that suit, action, or proceeding has been brought in an inconvenient forum. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

SECTION 4.08. Termination. This Agreement shall automatically terminate immediately following the occurrence of the Stockholder Approval.

 

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IN WITNESS WHEREOF, the Shareholder and the Company have duly executed this Voting Agreement as of the date first written above.

 

  THE COMPANY:
     
  LA ROSA HOLDINGS CORP.
     
  By:        
    Name: Joseph La Rosa
    Title:

 

  Address: 1420 Celebration Blvd., 2nd Floor Celebration, Florida 34747

 

  SHAREHOLDER:
     
  By:          
    Name: Joseph La Rosa

 

  Address: 1420 Celebration Blvd., 2nd Floor Celebration, Florida 34747