PECK Peck Company Holdings Inc

On March 14, 2022, iSun, Inc. (the “Company”) and B. Riley Commercial Capital, LLC (“B. Riley”) terminated the Loan and Security Agreement (the “Loan Agreement”), dated September 30, 2021, as amended, by and among the Company and certain of its affiliates, as borrowers, and B. Riley, as lender. The Loan Agreement provided for a loan of up to $10,000,000 for acquisition finance, general corporate purposes, and working capital for the Company. All outstanding amounts due under the Loan Agreement were repaid in full and all security interests and other liens granted to B. Riley in connection with the Loan Agreement were terminated and released. The loan was repaid from the Company’s working capital and by the sale of shares of the Company’s Common Stock pursuant to the terms and conditions contained in the At Market Issuance Sales Agreement (the “Sales Agreement”), dated June 21, 2021 between the Company and B. Riley Securities, Inc., as amended by Amendment No. 1 to Sales Agreement dated October 15, 2021, and the Irrevocable Placement Notice (the “Placement Notice”), dated September 30, 2021, from the Company to B. Riley Securities, Inc. The Company repaid outstanding principal in the amount of $10,000,000 and approximately $224,000 in accrued interest under the Loan Agreement. As of March 14, 2022, the Placement Notice is no longer in effect. The Loan Agreement and Placement Notice are more fully described in the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission (“SEC”) on October 5, 2021, and the Sales Agreement is more fully described in the Company’s Current Report on Form 8-K, filed with the SEC on June 22, 2021.