CareCloud executive chairman pledges 4.3M shares as collateral; receives warrant for same number at $5.00

CareCloud, Inc.

Mahmud Haq and two trusts pledged 4,300,000 shares of CCLD common stock to Citizens Bank as additional collateral for $40M term loan and $10M revolver.
In consideration, CareCloud issued Haq a 5-year warrant for 4,300,000 shares at $5.00 strike, vesting monthly over 12 months.
Pledge remains until later of 2 years from closing or when consolidated leverage ratio ≤1.25x; terminates upon full repayment.
Control Agreement allows Citizens to take exclusive control of pledged accounts after an event of default and 15-business-day cure period.

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