CETY issues $95K convertible note to Mast Hill at 15% interest with warrant for 1.19M shares

Clean Energy Technologies, Inc.

Principal $95,000, purchased at $85,500 with $9,500 OID; interest 15% per annum, due Nov 10, 2023.
Conversion price initially $0.025/share; if IPO/up-listing by May 9, 2023, price becomes 75% of offering price.
Warrant to purchase 1,187,500 shares at $0.04; if IPO by May 9, 2023, exercise price becomes 120% of offering price.
Note prepayable at 115% premium; beneficial ownership limitation of 4.99% for Mast Hill.
Issued in reliance on Section 4(a)(2) and Rule 506(b); shares unregistered.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Clean Energy Technologies, Inc. entered into Securities Purchase Agreement with Mast Hill, L.P. valued at $95,000 (effective 2022-11-10).

Action: entry
Agreement: equity purchase
Counterparty: Mast Hill, L.P.
Value: $95,000
Effective: 2022-11-10

Exact text from the filing

closed the transactions contemplated by the Securities Purchase Agreement with Mast Hill , L.P. (Mast Hill”) dated November 10, 2022

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24 material agreements filed in the last 30 days. Browse all material agreements →

Clean Energy Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-033266

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