ClearOne Inc. Watch

from 8-K 9 pages Engagement Letter Client: Clearone, Inc. Company Id [ ] Edgewater Corporate Park South Tower, 5225 Wiley Post Way, Suite 500 Salt Lake City, Utah 84116, United States Contact Person: Derek Graham, CEO DEREK.GRAHAM@CLEARONE.com Advisor: Arc Group Limited (“Arc”) Company Id 2449955 48/F, Sun Hung Kai Centre, 30 Harbour Road, Wanchai, Hong Kong Contact Person: Ryan Golden, Director of Capital Markets RYAN.GOLDEN@ARC-GROUP.com the Client and the Advisor Are Hereinafter Collectively Referred to as the “Parties”, or Individually as a “Party”. Introduction This Engagement Letter (The “Agreement”) Sets Forth the Terms and Conditions Upon Which the Client Agrees to Engage the Advisor as Its Sell-Side Financial Advisor in Connection With the Potential Sale of the Company Name (The “Company”) in Full or in Part (The “Objective”). 1. Engagement Scope Arc Shall Deliver the Services Outlined Herein. 1.1. Target Sourcing Assisting in the Introduction and Identification of Appropriate Acquisition Targets Consistent With the Objectives Set Forth by the Client and Any Applicable Laws and Regulations for Mergers and NASDAQ. 1.2 Due Diligence

from 8-K 12 pages Background

from 8-K 10 pages Certain Confidential Portions of This Exhibit Have Been Omitted and Replaced With “[***]”. Such Identified Information Has Been Excluded From This Exhibit Because It Is (I) Not Material and (II) the Registrant Customarily and Actually Treats That Information as Private or Confidential. Confidential Settlement and License Agreement

from 8-K 9 pages Clearone, Inc. Promissory Note

from 8-K 11 pages Confidential Separation Agreement and General Release

from 8-K 18 pages Registration Rights Agreement

from 8-K 26 pages Securities Purchase Agreement

from 8-K 11 pages Clearone, Inc. Amended and Restated Promissory Note

from 8-K 21 pages Registration Rights Agreement

from 8-K 32 pages Securities Purchase Agreement

from 8-K 9 pages Clearone, Inc. Promissory Note

from 8-K 27 pages Securities Purchase Agreement

from 8-K 3 pages First Amendment to Note Purchase Agreement

from 8-K 20 pages Clearone, Inc. Warrant

from 8-K 18 pages Clearone, Inc. Senior Secured Convertible Note

from 8-K 41 pages Guaranty and Collateral Agreement Dated as of December [___], 2019 by and Among Clearone, Inc., and the Other Parties Hereto, as Grantors, and Edward D. Bagley as Purchaser Guaranty and Collateral Agreement

from 8-K 62 pages Note Purchase Agreement by and Among Clearone, Inc., as Borrower, Various Guarantors From Time to Time Party Hereto, and Edward D. Bagley, as Purchaser Dated as of December 8, 2019

from 10-Q 8 pages Clear One, Inc. Offer to Repurchase Eligible Options

from 10-Q 26 pages Purchase Agreement Between Clearone, Inc. and Dialcom Networks S.L. March 31st, 2014

from 8-K 4 pages Amendment One to Framework Agreement