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Clean Energy Technologies, Inc. has signed an important deal with Walnut Capital, LLC for $150,000.

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The company raised $150,000 that helps operations, but it also created a 10-month repayment obligation and possible stock conversion if it defaults.

CETY · Clean Energy Technologies, Inc.

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Clean Energy Technologies, Inc. sold a convertible promissory note and received $150,000 for working capital. The note requires 10 monthly payments and a one-time 12% interest charge, and conversion is only allowed following default with ownership caps.

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