iPower enters supplement to supply agreement; GPM assumes $2.0M in payables for inventory

iPower Inc.

GPM assumes $2,007,366.86 of accounts payable in exchange for acquiring an equal amount of iPower's inventory.
Supplement releases iPower and GPM from exclusive sourcing and distribution obligations under the original SDA.
If GPM fails to pay the AP, iPower retains recourse including recovery of unsold or sold Designated SKUs.
Supplement dated June 30, 2026, amends the February 1, 2026 Supply and Distribution Agreement.

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