Clean Energy Tech issues $335K convertible note and 50K shares to Mast Hill Fund

Clean Energy Technologies, Inc.

Issued $335,000 principal junior secured convertible note plus 50,000 commitment shares for $301,500 aggregate purchase price (net $296,500 after legal fees).
Note matures in 12 months, accrues 10% guaranteed interest, convertible at lesser of $2.50/share or 90% of lowest VWAP in prior 5 trading days; 4.99% beneficial ownership cap.
Proceeds for Nations Interbanc payment, working capital, business development; note is junior secured, subordinated to Nations Interbanc.
Company must hold shareholder meeting if stock trades below $0.50 for 60 days to approve issuance above 12,370,000 share Exchange Cap; conversion may cause significant dilution.

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