Item 1.01 Entry into a Material Definitive Agreement.

On December 14, 2202, CETY Capital , LLC, ("CETY Capital") a wholly owned subsidiary of Clean Energy Technologies, Inc. ("CETY") entered into to an Operating Agreement (the "Agreement") with Synergy Bioproducts Corporation ("Synergy") to establish Vermont Renewable Gas, LLC (the "Company") to develop a pyrolysis plant (the "Project"). The plant is expect to convert approximately 10,000 tons/year of woody biomass feedstock into approximately 16,500 MWh electricity/year, 1,400 MT/year of biochar and 26,000 MM BTU/year of thermal energy by using high temperature ablative fast pyrolysis reactor. CETY holds an exclusive right to exploit the technology. CETY will provide services and products critical for the development of the project.

CETY Capital holds a 49 percent interest in the Company and has various rights to protect its interests as a minority member. In addition, CETY will hold positions on the Board of Managers. The Agreement provides other provisions commonly found in operating agreements of this nature.

The foregoing descriptions of the Agreement, does not purport to be complete and are qualified in their entirety by the full text of the form of the Operating Agreement which is filed as exhibits 10.162 to this Report on Form 8-K.

Item 9.01 Financial Statement and Exhibits.





Exhibit No.   Description

10.162          Form of Operating Agreement between CETY Capital LLC and Synergy
              Bioproducts Corporation, dated December 14, 2022.
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document)

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