Volato Group has entered into a Settlement Agreement with Sunpeak Holdings Corporation (SHC) on November 4, 2024, to resolve outstanding claims totaling approximately $4.7 million. The agreement, which became effective on November 6, involves SHC purchasing certain outstanding payables from designated vendors in exchange for Volato's common stock shares.The settlement includes the issuance of 100,000 freely trading shares to SHC as a Settlement Fee. The share pricing will be based on the closing price of November 4, 2024, with potential adjustments. SHC is restricted from acquiring more than 4.99% beneficial ownership of Volato's common stock. The agreement includes default provisions if the stock price falls to or below $0.05 or if the 30-day average trading volume drops below 50,000 shares.The Settlement Agreement and share issuance have received approval from the Circuit Court of the Twelfth Judicial Circuit Court for Manatee County, Florida, confirming the fairness of terms and conditions. The issuance is being conducted under Section 3(a)(10) of the Securities Act of 1933, exempting registration requirements for court-approved security exchanges.

Volato Group has entered into a Settlement Agreement with Sunpeak Holdings Corporation (SHC) on November 4, 2024, to resolve outstanding claims totaling approximately $4.7 million. The agreement, which became effective on November 6, involves SHC purchasing certain outstanding payables from designated vendors in exchange for Volato's common stock shares.The settlement includes the issuance of 100,000 freely trading shares to SHC as a Settlement Fee. The share pricing will be based on the closing price of November 4, 2024, with potential adjustments. SHC is restricted from acquiring more than 4.99% beneficial ownership of Volato's common stock. The agreement includes default provisions if the stock price falls to or below $0.05 or if the 30-day average trading volume drops below 50,000 shares.The Settlement Agreement and share issuance have received approval from the Circuit Court of the Twelfth Judicial Circuit Court for Manatee County, Florida, confirming the fairness of terms and conditions. The issuance is being conducted under Section 3(a)(10) of the Securities Act of 1933, exempting registration requirements for court-approved security exchanges.