Clean Energy Technologies, Inc announced that it has entered into a securities purchase agreement with returning investor FirstFire Global Opportunities Fund, LLC to issue convertible promissory note for the gross proceeds of $125,000 on January 3, 2024. The principal amount of the transaction is $143,750. The Note is convertible into shares of common stock of the Company, par value $0.001 per share (the ?Common Stock?), upon the terms and subject to the limitations and conditions set forth in such Note.

The principal amount of the Note and all interest accrued thereon shall be repaid in monthly instalments till the maturity date of the Note, which is January 3, 2025. The Note provides for interest at the rate of 10% per annum, and is convertible into shares of our Common Stock at a price of $1.60 per share, subject to anti-dilution adjustments in the event of certain corporate events as set forth in the Note. The Company sold the securities referenced in this Item 1.01 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.