CETY issues $1.64M convertible note to Mast Hill; net proceeds ~$308K after paying prior debt

Clean Energy Technologies, Inc.

Note principal $1,637,833.33, 10% annual interest, 12-month maturity, convertible at lower of $2.50 or 90% of 5-day VWAP.
Warrants to purchase 818,917 shares at $2.50 per share, 5-year term, cashless exercise.
Net funding to company $308,051.20 after paying $852,406.35 to retire September 2024 note and $22,000 legal fees.
Proceeds used for working capital and business development; note is junior secured, subordinate to Nations Interbanc.
Company must hold shareholder vote if stock trades below $0.50 to exceed 9,156,726 share issuance cap.

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