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Date Filed : Nov 10, 2021
SECURITIESAND EXCHANGE COMMISSION
PURSUANTTO SECTION 13 OR 15(d) OF
THESECURITIES EXCHANGE ACT OF 1934
Dateof Report (Date of earliest event reported): November 8, 2021.
CLEANENERGY TECHNOLOGIES, INC.
(Exactname of Company as specified in its charter)
CostaMesa, CA 92626
(Addressof principal executive offices)
Checkthe appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under anyof the following provisions:
Indicateby check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerginggrowth company ☐
Ifan emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securitiesregistered pursuant to Section 12(b) of the Act:
Item1.01 Entry into a Material Definitive Agreement.
OnNovember 8, 2021, Clean Energy Technology, Inc., a Nevada corporation (the “Company”) acquired through a series ofwholly owned subsidiaries, Jiangsu Huanya Jieneng New Energy Co. (“Jiangsu”), a liquified natural gas (LNG) trading companycurrently focused on the mainland China LNG trading market. The Conditional Stock Purchase Agreement (the “Agreement”) betweenClean Energy Technologies (H.K.) Limited., a wholly owned subsidiary of Clean Energy Technologies Inc. (“Clean Energy Hong Kong”)and Mr. Li Chin-kun provided for the purchase of 100% of Leading Wave Limited, a company incorporated in the Seychelles, which holds,through a series of subsidiaries, 100% of the capital of Jiangsu.
Underthe terms of the Agreement, the Company paid Mr. Chin-kun $1,500,000 in cash compensation as the conditions for the payment were satisfiedand will pay him 20,000,000 shares of the Company’s Common Stock upon the following conditions:
TheAgreement contains various representations, warranties and covenants of Clean Energy Technologies Hong Kong and Mr. Chin-kun which areset forth in detail in the Agreement attached to this Current Report on Form 8-K as Exhibit 134.
Theforegoing does not purport to be a complete description of the rights and obligations of the parties under the Agreement and is qualifiedby reference to the Agreement filed as Exhibit 10.134, to this Current Reporton Form 8-K.
Item9.01 Financial Statement and Exhibits.
Form of The Conditional Stock Purchase Agreement between Clean Energy Technologies (H.K.) Limited., a wholly owned subsidiary of Clean Energy Technologies Inc. and Mr. Li Chin-kun
Pursuantto the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalfby the undersigned hereunto duly authorized.
CleanEnergy Technologies, Inc.