Exercise Notice under Option Purchase Agreement between Planet 13 Holdings Inc. and Frank Cowan, IV
Planet 13 Holdings Inc. has formally notified Frank Cowan, IV that it is exercising its right to purchase certain units as specified in their Option Purchase Agreement dated August 4, 2022. This notice, signed by Planet 13's Co-Chief Executive Officer, confirms the company's intent to proceed with the purchase according to the terms and conditions set out in the original agreement.
EXHIBIT 2.7
EXHIBIT A
EXERCISE NOTICE
To: Frank Cowan, IV
Reference is made to that certain Option Purchase Agreement (the “Agreement”), dated as of August 4, 2022, by and between FRANK COWAN, IV, an adult individual (the “Optionor”), and PLANET 13 HOLDINGS INC., a British Columbia corporation (the “Optionee”). Defined terms used herein shall have the meanings set forth in the Agreement.
Pursuant to the Agreement, notice is hereby given that the Optionee is exercising the Option to purchase the Option Units, subject to the terms and conditions of the Agreement.
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| PLANET 13 HOLDINGS INC. |
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| By: | /s/ Robert Groesbeck |
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| Name: Robert Groesbeck |
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| Title: Co-Chief Executive Officer and a Director |
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| Dated: February 7, 2023 | |||
