Clean Energy Technologies, Inc. announced that it has entered into a securities purchase agreement to issue a convertible promissory note in the principal amount of $280,500 issued at a discount of $25,500. for the total gross proceeds of $255,000 on March 4, 2024. The notes will have a coupon rate of 10% and will be convertible into common shares of the company at a conversion price of $1.60 per share.

The transaction will include participation from returning investor, FirstFire Global Opportunities Fund LLC, a fund managed by, FirstFire Capital Management LLC. On the closing date, the Buyer shall further withhold from the Purchase Price (i) a non-accountable sum of $6,000 to cover the Buyer?s legal fees in connection with this transaction and (ii) a sum of $5,562.50 to cover the Company?s fees owed to Revere Securities LLC, a registered broker-dealer, in connection with this transaction. The principal amount of the Note and all interest accrued shall be repaid in 11 monthly instalments, each in the amount of $28,050, with the first payment due April 4, 2024.