Clean Energy Technologies subsidiary VRG enters $12M loan agreement with FPM Development and Evergreen Credit Facility

Clean Energy Technologies, Inc.

VRG borrowed $12M from FPM Development LLC and Evergreen Credit Facility I LLP, secured by two VRG contracts and a corporate guarantee from CETY.
Loan term is two years, interest at 12-month SOFR plus 4.75% per annum.
Lenders may convert up to 30% of loan principal into CETY common stock at a 15% discount to market price.
AMEC Business Advisory may assume up to 50% of loan and has option to convert an extra 10% of loan amount into CETY shares.

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