On September 12, 2022, Iteris, Inc. voluntarily terminated all outstanding commitments under that certain Credit Agreement (Credit Agreement), dated January 25, 2022, with Capital One, National Association, as agent. The Company had not borrowed against the Credit Agreement since its inception, but the Company continued to incur customary fees thereunder prior to this termination. In connection with the termination of the Credit Agreement, all liens securing such obligations and guarantees of such obligations were released.