Clean Energy Technologies, Inc. announced that it has entered into Securities Purchase Agreement with returning investor Mast Hill, L.P., a fund managed by Mast Hill Management, LLC to issue 15% convertible promissory note for the gross proceeds of $500,400 on July 18, 2023. The securities are issued original issue discount in the amount of $55,600.00. The per share conversion price into which principal amount and accrued interest may be converted into shares of Common Stock equals $6.00, subject to adjustment as provided in the Note.

The note bears 15% interest rate and matures on July 18, 2024.