The Peck Company Holiday, Inc. (NasdaqCM:PECK) entered into a term sheet to acquire iSun Energy LLC from Sassoon M. Peress for CAD 3.9 million on December 30, 2020. Sassoon M. Peress will receive 400,000 shares of The Peck Company Holiday, Inc. (NasdaqCM:PECK) common stock over five years, warrants to purchase up 200,000 shares of The Peck Company Holidays, Inc. common stock, and up to 240,000 shares of The Peck Company Holidays, Inc. common stock based on certain performance milestones. Peck shall issue to Sassoon M. Peress common stock purchase warrants to acquire 100,000 shares of common stock at an exercise price equal to $12.00 per share, exercisable after the closing stock price of PECK’s common stock is greater than or equal to $12 per share for 20 trading days in any 30-day period, such warrants to expire upon the 3rd anniversary of issuance and contain a cashless exercise provision. iSun Energy LLC remains as the surviving corporation in the merger and becoming a wholly-owned subsidiary of The Peck Company Holdings, Inc. The Peck Company Holdings, Inc. will acquire iSun Energy LLC and change its name to iSun Energy, Inc and trade on Nasdaq under the symbol “ISUN”. Sassoon M. Peress will become Chief Innovation and Experience Officer. The definitive merger agreement is subject to the Peck Company’s Board of Directors approval. The transaction is expected to close in January 2021.