Current Report Filing (8-k)
December 15 2022 - 4:34PM
Edgar (US Regulatory)
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2022-12-14
2022-12-14
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): December 14, 2022.
CLEAN
ENERGY TECHNOLOGIES, INC.
(Exact
name of Company as specified in its charter)
Nevada |
|
000-55656 |
|
20-2675800 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
Incorporation) |
|
File
Number) |
|
Identification
Number) |
2990
Redhill Avenue
Costa
Mesa, CA 92626
(Address
of principal executive offices)
Phone:
(949) 273-4990
(Company’s
Telephone Number)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any
of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock, par value
$0.001 |
|
CETY |
|
OTCQB |
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.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Clean Energy Technologies, Inc. |
|
|
|
|
|
/s/ Kambiz
Mahdi |
|
By: |
Kambiz Mahdi |
|
|
Chief Executive Officer |
|
Date: |
December 15, 2022 |
|
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