Simply, Inc. and its wholly owned subsidiary, Simply Mac, Inc. entered into an amendment to its November 23, 2021 $6,000,000 Loan and Security Agreement with Line Financial Corp. Under the Amendment, Simply Mac, Inc. will borrow an additional $2,800,000 to be repaid in 5 weekly principal payments of $475,000 beginning February 23, 2022 and a final payment on March 30, 2022 of $425,000. Other provisions of the Agreement, as described in the Company's Current Report on Form 8-K filed with the United States Securities and Exchange Commission on November 29, 2021, remain unchanged, with the exception of an added covenant related to the value of residual inventory.