Clean Energy Technologies issues $123K convertible note to Mast Hill Fund with 15% interest and warrants

Clean Energy Technologies, Inc.

Company closed sale of $123,000 Convertible Promissory Note to Mast Hill Fund at purchase price of $110,700 (original issue discount of $12,300).
Note carries 15% annual interest, matures December 26, 2023; convertible at $0.025 per share, subject to anti-dilution.
Issued warrant to purchase 1,537,500 shares at $0.04 per share, exercisable after June 25, 2023 or upon an IPO uplisting.
If an IPO uplisting occurs by June 24, 2023, conversion price drops to 75% of offering price; warrant exercise price rises to 120%.
Note prepayable at 115% premium before default; default triggers 15% default interest rate.

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 $123,000 Convertible Promissory Note (effective 2022-12-26).

Action: entry
Agreement: equity purchase
Counterparty: Mast Hill, L.P.
Value: $123,000 Convertible Promissory Note
Effective: 2022-12-26

Exact text from the filing

On December 30, 2022 Clean Energy Technology, Inc., a Nevada corporation (the “Company”) closed the transactions contemplated by the Securities Purchase Agreement with Mast Hill , L.P. (Mast Hill”) dated December 26, 2022 pursuant to which the Company issued to Mast Hill a $123,000 Convertible Promissory Note

View on SEC.gov

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

Clean Energy Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-000063

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.