ClearOne borrows $200K from First Finance in non-interest-bearing, unsecured loan for working capital

CLEARONE INC

Loan principal is $200,000, unsecured and non-interest bearing, including during an event of default; no interest accrues on overdue amounts.
No fixed maturity: repayment date to be determined and mutually agreed in writing by ClearOne and First Finance Ltd.
First Finance advanced the $200,000 on October 7, 2026; agreement executed October 14, 2026 by CFO Simon Brewer and lender President/Director Andrew Hromyk.
ClearOne may prepay all or part at any time without notice, bonus or penalty; proceeds intended for general working capital.
Defaults include payment failure with a five-business-day cure period, bankruptcy, receivership, liquidation or assignment for creditors; some trigger automatic acceleration.

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