SECOND AMENDMENT TO CREDIT AGREEMENT AND CONSENTCredit Agreement • October 14th, 2022 • iPower Inc. • Retail-building materials, hardware, garden supply • California
THIS SECOND AMENDMENT TO CREDIT AGREEMENT AND CONSENT (this “Amendment”), dated as of October 7, 2022, is entered into by and among iPOWER INC., a Nevada corporation (the “Company” and together with any other Person that joins the Credit Agreement as a Borrower in accordance with the terms thereof, are referred to hereinafter each individually as a “Borrower”, and individually and collectively, jointly and severally, as the “Borrowers”), the other Loan Parties party hereto, the Lenders described below, and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”). Unless otherwise specified herein, capitalized terms used in this Amendment shall have the meanings ascribed to them in the Credit Agreement (as hereinafter defined) as amended hereby.
AMENDMENT NUMBER ONE TO SUBORDINATION AGREEMENTSubordination Agreement • October 14th, 2022 • iPower Inc. • Retail-building materials, hardware, garden supply
THIS AMENDMENT NUMBER ONE TO SUBORDINATION AGREEMENT (this “Amendment”) is made and entered into as of October 7, 2022, by White Cherry Limited, an exempted company duly incorporated and validly existing under the laws of the British Virgin Islands (the “Subordinated Creditor”), in favor of the Lenders party to the Credit Agreement (as defined in the Subordination Agreement) and JPMORGAN CHASE BANK, N.A. (in its capacity as administrative agent for the Lenders under the Credit Agreement and its successors and permitted assigns in such capacity, “Administrative Agent”) and acknowledged and agreed to by iPower Inc., a Nevada corporation (the “Company”), the other Loan Parties under the Credit Agreement and the Administrative Agent.
