On September 9, 2026, Clean Energy Technologies, Inc. entered into a securities purchase agreement with Walnut Capital, LLC. Under the terms of the agreement, the Company sold a convertible promissory note to Walnut Capital for a purchase price of $150,000.
The note has a principal amount of $166,500. The Company received net funding of $150,000, which is to be used for general working capital purposes. The note matures on September 8, 2027.
Repayment terms for the note include a one-time interest charge of 12% on the issuance date. The principal and accrued interest are to be paid in 10 monthly installments of $18,648, beginning on December 8, 2026, and continuing on the second day of each month thereafter.
The note is convertible into shares of the Company’s common stock under specific conditions. The conversion price is set at 85% of the lowest closing bid price during the ten trading days prior to the conversion date. However, the holder is restricted from converting the note if doing so would result in beneficial ownership exceeding 4.99% of the Company’s issued and outstanding common stock.
Additionally, the holder is entitled to deduct $1,500 from the conversion amount to cover fees associated with the conversion. The issuance of the note was made in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as it did not involve a public offering.
