ClearOne enters $1M loan agreement with First Finance at 11% interest, 6-month maturity

CLEARONE INC

Loan up to $1,000,000 in aggregate; initial tranche of $500,000 advanced on June 30, 2026.
Interest rate of 11% per annum, calculated on a 360-day basis; overdue interest compounds.
Maturity date is December 30, 2026 (six months from June 30, 2026), unless extended by mutual agreement.
Proceeds to be used for general working capital purposes; prepayment permitted without penalty.
Customary events of default include payment failure (10 business day cure) and insolvency events.

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