Item 1.01 Entry into a Material Definitive Agreement.

On October 28, 2022, ClearOne, Inc. (the "Company") obtained a bridge loan in the principal amount of $2,000,000 from Edward D. Bagley (the "Bridge Loan"). Mr. Bagley is an affiliate of the Company and is the beneficial owner of approximately 42.5% of the Company's issued and outstanding shares of common stock. The Bridge Loan is evidenced by a promissory note dated October 28, 2022 (the "Note") issued by the Company to Mr. Bagley. The Note bears interests at a rate of 12.0% per annum, or $240,000 (the "Interest Payment"), matures on October 28, 2023 (the "Maturity Date"), and contains other customary covenants and events of default. The Bridge Loan may be prepaid by the Company at any time prior to the Maturity Date, provided, however, that the full amount of the Interest Payment shall be due and payable as if the Bridge Loan remained outstanding through the Maturity Date regardless of the date of prepayment. This description of the Note is qualified entirely by reference to the Note, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.




Item 9.01        Financial Statements and Exhibits



(d)  Exhibits



Exhibit Number                             Exhibit Title
10.1                Promissory Note dated October 28, 2022.
104.1            The cover page from this Current Report on Form 8-K, formatted in
                 Inline XBRL.

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