CETY raises $2M via 12% convertible note to FuFront; converts at 85% of lowest 10-day price

Clean Energy Technologies, Inc.

Sold a $2,000,000 convertible promissory note to Singapore-based FuFront AI Pte. Ltd. for $2,000,000; funding closed Nov. 4, 2026.
Note matures Oct. 3, 2027, pays 12% annual interest, and is convertible after 6 months at 85% of the lowest traded price over the prior 10 trading days.
Conversion blocked if holder would exceed 4.99% ownership; until Nasdaq Rule 5635(d) shareholder approval, aggregate issuance is capped at 2,432,004 shares.
Holder can deduct $1,750 per conversion for fees; the agreement requires Nevada arbitration and the sale was unregistered under Section 4(a)(2).
As of Oct. 3, 2026, CETY had 12,166,106 common shares outstanding and 133,333,333 authorized common shares.

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