---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-007704"
form_type: "8-K"
ticker: "CETY"
cik: "0001329606"
company_name: "Clean Energy Technologies, Inc."
filed_at: "2023-03-15T23:59:59+00:00"
generated_at: "2026-06-18T01:46:04.022820+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Clean Energy Technologies issues $734K convertible note to Mast Hill Fund at 15% interest

## Summary
- Issued $734,000 convertible promissory note to Mast Hill Fund, L.P. for net proceeds of $660,600 (with $73,400 OID).
- Note matures March 8, 2024, bears 15% interest; convertible at $1.00/share, or 75% of IPO price if up-listing by Sep 4, 2023.
- Also issued warrant to purchase 367,000 shares at $0.01/share (or 120% of IPO price if up-listing by Sep 4, 2024).
- Proceeds used to retire ~$427,777 in existing notes and for working capital.
- Prepayment allowed at 115% premium; conversion limited to 4.99% beneficial ownership.

## SEC filing metadata
- accession: 0001493152-23-007704
- form_type: 8-K
- ticker: CETY
- cik: 0001329606
- company_name: Clean Energy Technologies, Inc.
- filed_at: 2023-03-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1329606/000149315223007704/0001493152-23-007704-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1329606/000149315223007704/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-007704
- JSON: https://secwatch.observer/filing/0001493152-23-007704.json
- Plain text: https://secwatch.observer/filing/0001493152-23-007704.txt

## Key facts
- Material Agreements
  Clean Energy Technologies, Inc. entered into Securities Purchase Agreement with Mast Hill, L.P. valued at $734,000 Convertible Promissory Note (effective 2023-03-10).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Mast Hill, L.P.
  - Value: $734,000 Convertible Promissory Note
  - Effective: 2023-03-10
  source text: On March 10, 2023 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 March 8, 2023 pursuant to which the Company issued to Mast Hill a $734,000 Convertible Promissory Note, due March 8, 2024 (the “Note”) for a purchase price of $ 660,600 plus an original issue discount in the amount of $73,400.00, and an interest rate of fifteen percent (15%) per annum.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1329606/000149315223007704/0001493152-23-007704-index.htm
- Material Agreements
  Clean Energy Technologies, Inc. entered into Warrant to Purchase Common Stock with Mast Hill, L.P. valued at Warrant to purchase 367,000 shares of Common Stock (effective 2023-03-10).
  - Action: entry
  - Counterparty: Mast Hill, L.P.
  - Value: Warrant to purchase 367,000 shares of Common Stock
  - Effective: 2023-03-10
  source text: The Company issued Mast Hill a five-year warrant (“Warrant”) to purchase 367,000 shares of Common Stock in connections with the transactions described above.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1329606/000149315223007704/0001493152-23-007704-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.