FORM OF STOCK PLEDGE AND CONTRIBUTION AGREEMENTStock Pledge and Contribution Agreement • April 9th, 2024 • iPower Inc. • Retail-building materials, hardware, garden supply • California
THIS STOCK PLEDGE AND CONTRIBUTION AGREEMENT (this “Agreement”), effective as of [ ], 2024, is by and between Chenlong Tan (“Tan”) and Allan Huang (“Huang”) (with Tan and Huang together referred to as the “Debtors”) and iPOWER INC., a Nevada corporation (the “Company” or the “Creditor”), with reference to the following facts:
