iPower Inc. (IPW) and ETTS AI Investment LLC (ETTS AI) entered into an amendment to a Promissory Note on March 26, 2026. The original Promissory Note, valued at $2.3 million, was issued on February 1, 2026, as consideration for iPower's sale of its equity interest in Global Product Marketing, Inc. (GPM) to ETTS AI. The amendment specifically revises Section 8 of the Promissory Note, expanding the definition of a 'Change of Control' of iPower. If a 'Change of Control' occurs, the Promissory Note automatically becomes void, and no further amounts are due or payable by any party. Expanded 'Change of Control' triggers include: acquisition of more than 50% of iPower's voting power or sale of substantially all assets; any material change in iPower's executive management or board of directors (e.g., replacement of a majority); any material change in iPower's business model, core operations, or strategic direction that materially and adversely affects its ability to uphold obligations or its supply relationship with GPM; and disposition of any material portion of iPower's supply chain that materially impacts its ability to supply products or services in the ordinary course of business.