Effective as of December 13, 2021, Telkonet, Inc. (the Company and Borrower) entered into a Thirteenth Amendment to the Loan and Security Agreement (the Amendment) with Heritage Bank of Commerce (the Bank). The Company and the Bank are parties to a certain Loan and Security Agreement (the Loan Agreement) dated as of September 30, 2014 referenced in a Current Report on Form 8-K filed with the Securities and Exchange Commission on October 2, 2014.  The Amendment reduces the credit extension amount to $1,000,000, reduces unrestricted cash maintained in Borrower’s accounts at Bank to be at least $1,000,000 and extends the revolving maturity date to March 31, 2022, unless earlier accelerated under the terms of the Loan Agreement.