Clean Energy Technologies, Inc. announced that it has entered into a securities purchase agreement with Coventry Enterprises LLC pursuant to which the Company agreed to issue a convertible promissory note of the Company in the principal amount of $92,000; aggregate gross proceeds of $80,000 an original issue discount in the amount of $12,000, and a one-time interest charge of $9,200. on February 2, 2024. The Company shall make ten payments each in the amount of $10,120 to the Buyer every month, with the first payment due March 2, 2024.The Company sold the securities in reliance upon an exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506(b) promulgated thereunder.

The per share conversion price into which the outstanding and unpaid amount of the Note may be converted into shares of Common Stock equals the lower of $1.60, subject to adjustment as provided in the Note, or the per share price of any issuance of the company?s stock within the 30 days before or after the conversion. The note matures on January 1, 2025.