Document:

Exhibit 10.9

 

Exclusive Business Cooperation
Agreement

 

This Exclusive
Business Cooperation Agreement, dated September 4, 2020 (the “Agreement”), is made and entered into by and between
the following parties in California, United States of America.

 

iPower: iPower Inc. (formerly BZRTH Inc.)

 

Address:
2399 Bateman Ave., Duarte, CA 91010

 

Global Product: Global Product Marketing Inc.

 

Address: 14750 NELSON AVE UNIT I, CITY INDUSTRY CA
91744

 

Each of iPower and Global Product
shall be hereinafter referred to individually as a “Party” and collectively as the “Parties.”

 

Whereas,

 

iPower is an entity incorporated
in the State of Nevada and has the necessary resources to provide technical and management services;

 

Global Product is an entity
incorporated in the State of Nevada and is engaged in the business of marketing and research activities. The businesses conducted
by Global Product currently and any time during the term of this Agreement are collectively referred to as the “Principal
Business”;

 

iPower is willing to provide
Global Product with technical support, management services and other services on an exclusive basis in relation to the Principal
Business during the term of this Agreement, utilizing its advantages in technology, human resources, and information technology,
and Global Product is willing to accept such services provided by iPower or iPower’ s designee(s), each on the terms set
forth herein.

 

Now, therefore,
through mutual discussion, the Parties have reached the following agreements:

 

+

 

 

 

    	 	1	 

     

    

 

	1.	Services Provided by iPower

 

		1.1	Global Product hereby appoints iPower as Global Product’s exclusive
services provider to provide comprehensive technical support, management services, and other business and business-related services
during the term of this Agreement, in accordance with the terms and conditions of this Agreement,
including but not limited to the follows:

 

		(1)	Licensing Global Product to use any software legally owned by iPower;

 

		(2)	Development, maintenance and update of software involved in Global Product’s
business;

 

		(3)	Design, installation, daily management, maintenance and updating of network
systems, hardware and database design;

 

		(4)	Technical support and training for employees of Global Product;

 

		(5)	Assisting Global Product in consultancy, collection and research of technology
and market information;

 

		(6)	Providing business management consultation for Global Product, including
but not limited to appointment of officers and directors;

 

		(7)	Providing marketing and promotion services for Global Product;

 

		(8)	Providing customer order management and customer services for Global Product;

 

		(9)	Leasing of equipment or properties; and

 

		(10)	Other business and business-related services requested by Global Product
from time to time to the extent permitted under U.S. federal and state law.

 

		1.2	Global Product agrees to accept all the services provided by iPower. Global
Product further agrees that without iPower’s prior written consent, during the term of this Agreement, Global Product shall
not directly or indirectly accept the same or any similar services provided by any third party and shall not establish similar
corporation relationship with any third party regarding the matters contemplated by this Agreement. iPower may appoint other parties,
who may enter into certain agreements described in Section
1.3 with Global Product, to provide Global Product with the services under this Agreement.

 

	 	1.3	Provision of Services Methodology

 

	 	1.3.1	iPower and Global Product agree that during the term of this Agreement, where necessary, Global Product may enter into further
service agreements with iPower or any other party designated by iPower, which shall provide the specific contents, manner, personnel,
and fees for the specific services.
	 	 	 
	 	1.3.2	To fulfill this Agreement, iPower and Global Product agree that during the term of this Agreement, where necessary, Global Product
may enter into equipment or property leases with iPower or any other party designated by iPower which shall permit Global Product
to use iPower’s relevant equipment or property based upon the needs of the business of Global Product Global Product also
agrees to providGlobal Product, R&D, and other services to iPower upon request.

 

 

 

    	 	2	 

     

    

 

	 	 	 
	 	1.3.3	Global Product hereby grants to iPower an irrevocable and exclusive option to purchase from Global Product, at iPower’s
sole discretion, any or all of the assets and business of Global Product (the “Asset Transfer”), to the extent permitted
under U.S. federal and state laws, at the lowest purchase price permitted. The Parties shall then enter into a separate asset
or business transfer agreement, specifying the terms and conditions of the transfer of the assets.
	 	 	 
	 	1.3.4	Notwithstanding the above terms regarding any future Asset Transfer, at any time, upon motion of and at the discretion of iPower’s
board of directors, the shares of the Global Product shall be transferred to iPower in whole (the “Stock Transfer”),
at which time Global Product shall become a wholly-owned subsidiary of iPower.
	 	 	 
	 	1.3.5	In the event of the death or disability of the owner of Global Product, the Stock Transfer shall occur automatically without any
action or direction on the part of Global Product or iPower.
	 	 	 
	 	1.3.6	Global Product shall provide iPower with monthly bank statements reflecting all payments made by Global Product and the recipients
of such payments.

 

	2.	The Calculation and Payment of the Service Fees

 

		2.1	The fees payable by Global Product to iPower during the term of this Agreement
shall be calculated as follows:

 

	 	2.1.1	Global Product shall pay a service fee to iPower on an annual basis (the “Service Fee”). The Service Fee shall consist
of a management fee and fee for services provided, which shall be determined by the Parties through negotiation after considering:

 

		(1)	The complexity and difficulties of the services;

 

		(2)	Title of and time expended by employees of iPower in providing the services;

 

		(3)	Contents and value of the services provided by iPower;

 

		(4)	Market price of the same types of services;

 

		(5)	Operational conditions of Global Product.

 

	 	2.1.2	If iPower transfers technology to Global Product or develops software or other technology entrusted to Global Product or leases
equipment or properties to Global Product, the technology transfer price, development fees or rent shall be determined by the
Parties based on the actual circumstances surrounding such transfer.
	 	 	 
	 	2.1.3	iPower agrees to fund Global Product for operational cash flow needs and bear the risk of Global Product’s losses from operations
and Global Product agrees that iPower has rights to Global Product’s net profits, if any.

 

	3.	Intellectual Property Rights and Confidentiality Clauses

 

		3.1	iPower shall have exclusive and proprietary ownership, rights and interests
in any and all intellectual properties arising out of or created during the performance of this Agreement, including but not limited
to copyrights, patents, patent applications, software, technical secrets, trade secrets and others. Global
Product shall execute all appropriate documents, take all appropriate actions, submit all filings and/or applications, render all
appropriate assistance and otherwise conduct whatever actions are deemed necessary by iPower, at its sole discretion, for the purposes
of vesting any and all ownership, right or interest of any such intellectual property rights in iPower and/or perfecting the protections
for any such intellectual property rights in iPower.

 

 

 

    	 	3	 

     

    

 

		3.2	The Parties acknowledge that the existence and the terms of this Agreement and any oral or written
information exchanged between the Parties in connection with the preparation and performance of this Agreement are regarded as
confidential information. Each Party shall maintain confidentiality of all such confidential information and, without obtaining
the written consent of the other Party, the other Party shall not disclose any relevant confidential information to any third party,
except for the information that: (a) is in the public domain (other than through the receiving Party’s unauthorized disclosure);
(b) is under an obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders
of the court or other government authorities; or (c) is required to be disclosed by any Party to its shareholders, directors, employees,
legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors,
employees, legal counsels or financial advisors shall be bound by the confidentiality obligations similar to those set forth in
this Section. Disclosure of any confidential information by the shareholders, directors, employees of or third parties engaged
by any Party shall be deemed disclosure of such confidential information by such Party, shall be deemed confidential (subject to
the above listed exceptions), and such receiving Party shall be held liable for any breach of this Agreement caused by any unauthorized
disclosure of such confidential information.

 

	4.	Representations and Warranties

 

	 	4.1	iPower hereby represents, warrants and covenants as follows:

 

	 	4.1.1	iPower is a legally established and validly existing corporation in accordance with the laws of the State of Nevada; iPower or
the service providers designated by iPower have obtained or will obtain all government permits and licenses for providing the
services under this Agreement before providing such services.
	 	 	 
	 	4.1.2	iPower has taken all necessary corporate actions, obtained all necessary authorizations as
    well as all consents and approvals from third parties and government agencies (if required) for the execution, delivery and
    performance of this Agreement. iPower’s execution, delivery and performance of this Agreement does not violate any explicit requirements under any law or regulation.
	 	 	 
	 	4.1.3	This Agreement constitutes a legal, valid and binding obligation of iPower, enforceable against iPower in accordance with its
terms.

 

	 	4.2	Global Product hereby represents, warrants and covenants as follows:

 

	 	4.2.1	Global Product is an enterprise legally established and validly existing in accordance with the laws of the State of Nevada and
has obtained and will maintain all necessary permits and licenses for engaging in the Principal Business in a timely manner.
	 	 	 
	 	4.2.2	Global Product has taken all necessary internal actions, obtained all necessary authorizations as well as all consents and approvals
from third parties and government agencies (if required) for the execution, delivery and performance of this Agreement. Global
Product’s execution, delivery and performance of this Agreement do not violate any explicit requirements under any law or
regulation.
	 	 	 
	 	4.2.3	This Agreement constitutes a legal, valid and binding obligation of Global Product, and shall be enforceable against Global Product
in accordance with its terms.

 

	5.	Term of Agreement

 

		5.1	This Agreement shall become effective upon execution by the Parties. Unless
terminated in accordance with the provisions of this Agreement or terminated in writing by iPower, this Agreement shall remain
in effect. iPower shall have the right to terminate this Agreement at any time and Global Product may terminate this Agreement
only with the consent of iPower.

 

		5.2	During the term of this Agreement, each Party shall maintain good standing
in its jurisdictions of organization and operation, such that it may carry on its business and duties and responsibilities under
this Agreement and enable this Agreement to remain effective. This Agreement shall be terminated only in the event one of the Parties
is unable to renew its licensing and good standing or in the event this Agreement is explicitly
terminated pursuant to the affirmative vote of iPower’s board of directors.

 

 

 

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	 	5.3	The rights and obligations of the Parties under Sections 3, 6, 7 and this Section 5.3 shall survive the termination of this Agreement.

 

	6.	Governing Law and Resolution of Disputes

 

	 	6.1	The execution, effectiveness, construction, performance, amendment and termination of this Agreement and the resolution of disputes
hereunder shall be governed by and constructed in accordance with the laws of the State of California in United States of America.
The Courts of California will have jurisdiction in relation to any claim, dispute or difference concerning this agreement and
any matters arising there from.
	 	 	 
	 	6.2	In the event of any dispute with respect to the construction and performance of this Agreement, the Parties shall first resolve
the dispute through friendly negotiations. In the event the Parties fail to reach an agreement on the dispute within 30 days after
either Party's request to the other Party for resolution of the dispute through negotiations, only then shall either Party seek
to resolve such dispute in a court of law.
	 	 	 
	 	6.3	Upon the occurrence of any disputes arising from the construction and performance of this Agreement or during the pending resolution
of any dispute, except for the matters under dispute, the Parties shall continue to exercise their respective rights under this
Agreement and perform their respective obligations under this Agreement.

 

	7.	Breach of Agreement and Indemnification

 

	 	7.1	If Global Product conducts any material breach of any term of this Agreement, iPower shall have right to terminate this Agreement
and/or require Global Product to indemnify all damages arising therefrom; this Section 7.1 shall not prejudice any other rights
of iPower herein.
	 	 	 
	 	7.2	Unless otherwise required by applicable laws, Global Product shall not have any right to terminate this Agreement in any event.
	 	 	 
	 	7.3	Global Product shall indemnify and hold harmless iPower from any losses, injuries, obligations or expenses caused by any lawsuit,
claims or other demands against iPower arising from or caused by the services provided by iPower to Global Product pursuant this
Agreement, except where such losses, injuries, obligations or expenses arise from the gross negligence or willful misconduct of
iPower.

 

	8.	Force Majeure

 

	 	8.1	In the case of any force majeure events (“Force Majeure”) such as earthquake, typhoon, flood, fire, flu, war, strikes
or any other events that cannot be predicted and are unpreventable and unavoidable by the affected Party, which directly or indirectly
causes the failure of either Party to perform or completely perform this Agreement, then the Party affected by such Force Majeure
shall give the other Party written notices without any delay, and shall provide details of such event within 15 days after sending
out such notice, explaining the reasons for such failure of, partial or delay of performance.
	 	 	 
	 	8.2	If such Party claiming Force Majeure fails to notify the other Party and furnish it with proof pursuant to the above provision,
such Party shall not be excused from the non-performance of its obligations hereunder. The Party so affected by the event of Force
Majeure shall use reasonable efforts to minimize the consequences of such Force Majeure and to promptly resume performance hereunder
whenever the causes of such excuse are cured. Should the Party so affected by the event of Force Majeure fail to resume performance
hereunder when the causes of such excuse are cured, such Party shall be liable to the other Party.
	 	 	 
	 	8.3	In the event of Force Majeure, the Parties shall immediately consult with each other to find an equitable solution and shall use
all reasonable endeavors to minimize the consequences of such Force Majeure.

 

 

 

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	9.	Notices

 

	 	9.1	All notices and other communications required or permitted to be given pursuant to this Agreement shall be delivered personally
or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission to the address of such
Party set forth below. A confirmation copy of each notice shall also be sent by email. The dates on which notices shall be deemed
to have been effectively given shall be determined as follows:

 

	 	9.1.1	Notices given by personal delivery, by courier service or by registered mail, postage prepaid, shall be deemed effectively given
on the date of receipt or refusal at the address specified for notices.
	 	 	 
	 	9.1.2	Notices given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced
by an automatically generated confirmation of transmission).

 

	 	9.2	For the purpose of notices, the addresses of the Parties are as follows:

 

iPower:iPower Inc. (formerly BZRTH Inc.)

 

Address:2399 Bateman Ave., Duarte, CA 91010

 

Attn:Chenlong Tan

 

Phone:310-737-8888

 

Email:law.t@meetipower.com

 

Global Product:Global Product Solution
Inc.

 

Address:2119 S 5th Ave., Arcadia,
CA 91006

 

Attn:Chenlong Tan

 

Phone:310-737-8888

 

Email:law.tan@gmail.com

 

	 	9.3	Any Party may at any time change its address for notices by a notice delivered to the other Party in accordance with the terms
hereof.

 

	10.	Assignment

 

	 	10.1	Without iPower’s express prior written consent, Global Product shall not assign its rights and obligations under this Agreement
to any third party.
	 	 	 
	 	10.2	Global Product agrees that iPower may assign its obligations and rights under this Agreement to any third party and, in case of
such assignment, iPower is only required to give written notice to Global Product and does not need any consent from Global Product
in order to make such assignment.

 

 

 

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	11.	Severability

 

In the event that one
or several of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any aspect in accordance
with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall
not be affected or compromised in any aspect. The Parties shall negotiate in good faith to replace such invalid, illegal or
unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions
of the Parties, and the economic effect of such effective provisions shall be as close as possible to the economic effect of
those invalid, illegal or unenforceable provisions.

 

	12.	Amendments and Supplements

 

Any amendments and supplements
to this Agreement shall be in writing. Such amendments and supplements that have been signed by the Parties and relate to this
Agreement shall be an integral part of this Agreement and shall have the same legal validity as this Agreement.

 

[SIGNATURE PAGE TO FOLLOW]

 

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF, the Parties have caused
their authorized representatives to execute this Exclusive Business Cooperation Agreement as of the date first above written.

 

iPower Inc.

 

By: /s/ Chenlong
Tan

Name: Chenlong Tan

Title:CEO

 

 

Global
Product Solution Inc.

 

By: /s/ Chenlong
Tan

Name: Chenlong Tan

Title:President and Owner

 

 

 

 

    	 	8Exhibit 10.10

 

RESTRICTED STOCK PURCHASE AGREEMENT

 

This
Restricted Stock Purchase Agreement (the “Agreement”) is made as of October 26, 2020 by and
between iPower Inc., a Nevada corporation (the “Company”),
and Allan Huang (“Purchaser”).

 

	Total shares of Class B Common Stock purchased:	7,000,000
	Purchase Price per share:	$0.001
	Total Purchase Price:	$7,000

 

1.                  
Purchase and Sale of Stock. Purchaser agrees to purchase from the Company,
and the Company agrees to sell to Purchaser, the number of shares (the “Shares”) of Class B common stock,
par value $0.001 per share (the “Common Stock”), of the Company for the consideration set forth above.
The closing of the transactions contemplated by this Agreement, including payment for and delivery of the Shares, shall occur at
the offices of the Company immediately following the execution of this Agreement, or at such other time and place as the parties
may mutually agree.

 

2.                  
Investment Representations.
In connection with the purchase of the Shares, Purchaser represents to the Company the following:

 

(a)               
Purchaser is aware of the Company’s business affairs and financial condition and has acquired sufficient information
about the Company to reach an informed and knowledgeable decision to acquire the Shares. Purchaser is purchasing the Shares for
investment for Purchaser’s own account only and not with a view to, or for resale in connection with, any “distribution”
thereof within the meaning of the Securities Act of 1933, as amended (the “Act”).

 

(b)              
Purchaser understands that the Shares have not been registered under the Act by reason of a specific exemption therefrom,
which exemption depends upon, among other things, the bona fide nature of Purchaser’s investment intent as expressed in this
Agreement.

 

(c)               
Purchaser further acknowledges and understands that the Shares must be held indefinitely unless the Shares are subsequently
registered under the Act or an exemption from such registration is available. Purchaser further acknowledges and understands that
the Company is under no obligation to register the Shares. Purchaser understands that the certificate evidencing the Shares will
be imprinted with a restrictive legend that prohibits the transfer of the Shares unless the Shares have been registered under the
Act or, in the opinion of counsel for the Company, such Shares are eligible for an exemption from registration.

 

(d)              
Purchaser is familiar with the provisions of Rule 144 under the Act, as in effect from time to time, that, in substance,
permits limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer of such
securities (or from an affiliate of such issuer), in a non-public offering subject to the satisfaction of certain conditions.

 

(e)               
Purchaser further understands that at the time Purchaser wishes to sell the Shares there may be no public market upon
which to make such a sale, and that, even if such a public market then exists, the Company may not be satisfying the current public
information requirements of Rule 144, and that, in such event, Purchaser may be precluded from selling the Shares under Rule 144
even if the minimum holding period requirement has been satisfied.

 

 

 

 

 

    	 	1	 

     

    

 

(f)                
Purchaser further warrants and represents that Purchaser has either (i) preexisting personal or business relationships
with the Company or any of its officers, directors or controlling persons, or (ii) the capacity to protect Purchaser’s own
interests in connection with the purchase of the Shares by virtue of the business or financial expertise of Purchaser or of professional
advisors to Purchaser who are unaffiliated with and who are not compensated by the Company or any of its affiliates, directly or
indirectly.

 

(g)               
Purchaser acknowledges that Purchaser has read all tax related sections and further acknowledges Purchaser has had an
opportunity to consult Purchaser’s own Tax, Legal and Financial Advisors regarding the purchase of common stock under this
Agreement.

 

(h)              
Purchaser acknowledges and agrees that in making the decision to purchase the Shares under this Agreement, Purchaser
has not relied on any statement, whether written or oral, regarding the subject matter of this Agreement, except as expressly provided
in this Agreement and in the attachments and exhibits to this Agreement.

 

(i)                
If the Purchaser is not a United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986,
as amended (the “Code”)), the Purchaser hereby represents that Purchaser has satisfied Purchaser as to
the full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Securities or any use
of this Agreement, including (i) the legal requirements within its jurisdiction for the purchase of the Shares, (ii) any foreign
exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be obtained and (iv)
the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer
of the Shares. The Purchaser’s subscription and payment for and continued beneficial ownership of the Shares will not
violate any applicable securities or other laws of the Purchaser’s jurisdiction.

 

3.                  
Restrictive Legends. All
certificates representing the Shares shall have endorsed thereon legends in substantially the following form (in addition to any
other legend which may be required by other agreements between the parties to this Agreement):

 

(a)               
THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS, AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED,
SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE
SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR (2) AN EXEMPTION FROM SUCH REGISTRATION EXISTS AND THE COMPANY RECEIVES
AN OPINION OF COUNSEL, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED,
SOLD, PLEDGED, ASSIGNED OR TRANSFERRED IN THE MANNER CONTEMPLATED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OR APPLICABLE STATE SECURITIES LAWS. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE
WITH THE SECURITIES ACT.

 

(b)              
Any legend required by appropriate blue sky officials.

 

4.                  
Miscellaneous.

 

(a)               
Notices. All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (i) upon
personal delivery to the party to be notified; (ii) when sent by confirmed facsimile if sent during normal business hours
of the recipient, and if not during normal business hours of the recipient, then on the next business day; (iii) five calendar
days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (iv) one business
day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt.
All communications shall be sent to the other party to this Agreement at such party’s address hereinafter set forth on the
signature page hereof, or at such other address as such party may designate by ten days’ advance written notice to the other
party hereto.

 

(b)              
Successors and Assigns. This Agreement shall inure to the benefit of the successors and assigns of the Company and,
subject to the restrictions on transfer herein set forth, be binding upon Purchaser, Purchaser’s successors, and assigns.

 

 

 

 

    	 	2	 

     

    

 

(c)               
Attorneys’ Fees. The prevailing Party in any suit or action hereunder shall be entitled to recover from the losing
Party all costs incurred by it in enforcing the performance of, or protecting its rights under, any part of this Agreement, including
reasonable costs of investigation and attorneys’ fees.

 

(d)              
Governing Law; Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of
Nevada. The parties agree that any action brought by either party to interpret or enforce any provision of this Agreement shall
be brought in, and each party agrees to, and does hereby submit to the jurisdiction and venue of, the appropriate state or federal
court for the district encompassing the Company’s principal place of business.

 

(e)               
Further Execution. The parties agree to take all such further actions as may reasonably be necessary to carry out and
consummate this Agreement as soon as practicable, and to take whatever steps may be necessary to obtain any governmental approval
in connection with or otherwise qualify the issuance of the securities that are the subject of this Agreement.

 

(f)                
Entire Agreement; Amendment. This Agreement constitutes the entire agreement between the parties with respect to the
subject matter hereof and supersedes and merges all prior agreements or understandings, whether written or oral, with respect to
the subject matter hereof. This Agreement may not be amended, modified or revoked, in whole or in part, except by an agreement
in writing signed by each of the parties hereto.

 

(g)               
Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties
agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable
replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of the Agreement
shall be interpreted as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance
with its terms.

 

(h)              
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original
and all of which together shall constitute one instrument.

 

 

[Remainder of page intentionally left
blank]

 

 

 

 

 

 

 

 

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Additional Terms/Acknowledgements:
The undersigned Purchaser acknowledges receipt of, and understands and agrees to, this Restricted Stock Purchase Agreement. Purchaser
further acknowledges that as of the Purchase Date, this Restricted Stock Purchase Agreement sets forth the entire understanding
between Purchaser and the Company regarding the acquisition of stock in the Company and supersedes all prior oral and written agreements
on that subject.

 

	 	COMPANY:
	 	 
	 	iPOWER INC.
	 	 	 	 
	 	By:	/s/
    Chenlong Tan
	 	 	Name:	Chenlong Tan
	 	 	Title:	Chief Executive Officer
	 	 	 	 
	 	Address:
	 	 	 	 
	 	 	 	 
	 	PURCHASER:
	 	 	 	 
	 	/s/ Allan Huang
	 	(Signature)
	 	 
	 	Address:
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

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