ClearOne Inc: enters loan agreement for $200,000

What happened

• The company entered into a Loan Agreement with First Finance Ltd on Oct 14, 2026, effective as of Oct 7, 2026, under which First Finance agreed to lend the company $200,000.

Key details

• Principal amount: $200,000.
• Interest: the Loan is non-interest bearing, including during an Event of Default; no interest will accrue or be payable on overdue amounts.
• Repayment and prepayment: repayment timing to be determined and mutually agreed in writing; the company may prepay without notice, bonus or penalty.
• Events of default and law: the Loan Agreement includes customary events of default (including failure to pay with a five-business-day cure period, assignment for benefit of creditors, liquidation, receiver appointment, and bankruptcy); governing law is the State of Nevada. The company expects to use the proceeds for general working capital purposes.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement) and Item 2.03 (creation of a direct financial obligation), covering the Loan Agreement and the company's $200,000 obligation. A filing does not show why the insider traded or why the company acted.