STOCK AND MEMBERSHIP INTERESTS PLEDGE AGREEMENTStock and Membership Interests Pledge Agreement • March 20th, 2023 • JanOne Inc. • Retail-home furniture, furnishings & equipment stores • Nevada
This STOCK AND MEMBERSHIP INTEREST PLEDGE AGREEMENT, dated as of March 19, 2023 (as amended, supplemented, or otherwise modified from time to time in accordance with the provisions hereof, this “Agreement”), made by VM7 Corporation, a Delaware corporation (“VM7”), and by Virland Johnson, chief executive officer, one of the directors of, and record and beneficial holder of 100 percent of the capital stock of VM7 (“Mr. Johnson”; and with VM7, collectively, the “Pledgors”), in favor of JanOne, Inc., a Nevada corporation (the “Secured Party”).
