SEC Contract Filing

Filing Date: 2023-02-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.11
<SEQUENCE>13
<FILENAME>ea174178ex10-11_abvcbio.htm
<DESCRIPTION>STOCK PLEDGE AGREEMENT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.11</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>STOCK PLEDGE AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This <B>PLEDGE AGREEMENT</B>
(this &ldquo;<U>Agreement</U>&rdquo;) is made as of February 23, 2023, by and between <B>ABVC Biopharma, Inc.</B>, a Nevada corporation
(the &ldquo;<U>Company</U>&rdquo;), and <B>LIND GLOBAL FUND II LP</B> (the &ldquo;<U>Secured Party</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Company
and the Secured Party are parties to that certain Security Agreement dated as of the date hereof (as amended and in effect from time to
time, the &ldquo;<U>Security Agreement</U>&rdquo;), pursuant to which the Company has granted to the Secured Party a security interest in
substantially all of its assets to secure (i) its obligations under that certain convertible promissory note (the &ldquo;<U>Note&rdquo;)</U>,
issued to the Secured Party pursuant to the terms of that certain Securities Purchase Agreement, dated as of February 23, 2023 (the &ldquo;<U>SPA</U>&rdquo;),
between the Company and the Secured Party, and (ii) its obligations under each related Transaction Document; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Company
is the direct legal and beneficial owner of one hundred percent (100%) of the issued and outstanding shares of each class of the capital
stock of <B>AMERICAN BRIVISION CORPORATION</B>, a Delaware corporation (&ldquo;<U>American BriVision</U>&rdquo;), <B>BIOKEY, INC.</B>,
a California corporation (&ldquo;<U>BioKey</U>&rdquo;), <B>BIOLITE HOLDINGS, INC.</B>, a Nevada corporation (&ldquo;<U>BioLite</U>&rdquo;),
and seventy-three percent (73%) of the issued and outstanding shares of each class of the capital stock of <B>BIOLITE BVI, INC.</B>, a
British Virgin Islands corporation (&ldquo;<U>BioLite BVI</U>&rdquo; and, collectively with American BriVision, BioKey and BioLite, the
&ldquo;<U>Subsidiaries</U>&rdquo; and each, a &ldquo;<U>Subsidiary</U>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, it is a condition
precedent to the Secured Party agreeing to make loans or otherwise extend credit to the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Company under the SPA and the Note that the Company
execute and deliver to the Secured Party a pledge agreement in substantially the form hereof; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>, in
consideration of the premises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1. <U>Pledge.</U> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><B>1.1. <U>Pledge
of Securities</U>. </B> (a) The Company hereby ratifies and affirms the grant of security interests made pursuant to the Security
Agreement, and (b) in addition, the Company hereby pledges, assigns, grants a security interest in, and delivers to the Secured
Party, all of the shares of capital stock or other units of equity ownership of every class of each Subsidiary now owned or
hereafter acquired by the Company, as more fully described on <U>Annex</U>&nbsp;<U>A </U>hereto, hereto, including without
limitation, (i) all payments or distributions, whether in cash, property or otherwise, at any time owing or payable to the Company
on account of its interest as a shareholder in a Subsidiary, (ii) all of the Company&rsquo;s rights and interest under the
organizational documents of a Subsidiary, including all voting and management rights and rights to grant or withhold consents or
approvals; (iii) all rights of access and inspection to and use of all books and records, including computer software and computer
software programs, of each Subsidiary, (iv) all other rights, interests, property or claims to which the Company may be entitled in
its capacity as a stockholder of a Subsidiary, and (v) all proceeds, income from, increases in and products of any of the foregoing.
The certificates for such shares, ac