SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
MGW Investment I LTD

(Last) (First) (Middle)
C/O ELIAN FIDUCIARY SERVICES
190 ELGIN AVENUE

(Street)
GEROGETOWN E9 KY1-9007

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/14/2018
3. Issuer Name and Ticker or Trading Symbol
Clean Energy Technologies, Inc. [ CETY ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 302,462,667 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
$939,500 Convertible Note 02/13/2018 02/13/2020 Common Stock 313,166,667 $0.003 D
$153,123 Convertible Note 03/13/2018 10/08/2018 Common Stock 51,041,000 $0.003 D
Explanation of Responses:
Remarks:
* the conversion price per share is subject to the following adjustments and limitations: (a) Conversion Price Adjustment: lower of (i) a 40% discount to the lowest trading price during the previous twenty (20) trading days to the date of a conversion notice; or (ii) 0.003; (b) Conversion Limitation: may not be converted by Holder if the Holder will be issued more than 9.9% of the issued and outstanding Common Stock of the Company at such time, (c) mandatory redemption: the Company is required to redeem the note by March 13 that will permit MGW Investment I Limited and their affiliates to hold 65% of the issued and outstanding common stock of the Company, on a fully diluted basis.
/s/ Calvin Pang 02/15/2018
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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