SEC Contract Filing

Filing Date: 2015-05-14

Document Content:
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<TYPE>EX-10.1
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<DESCRIPTION>EX-10.1
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<div style="TEXT-ALIGN: right"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exhibit 10.1</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THIS CONVERTIBLE SECURED PROMISSORY NOTE AND THE SECURITIES THAT MAY BE ISSUED UPON CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED ("<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; TEXT-DECORATION: underline">SECURITIES ACT</font>"), OR ANY STATE SECURITIES LAWS <font style="FONT-WEIGHT: normal">OR "BLUE SKY" LAWS</font> (COLLECTIVELY, THE "<font style="TEXT-DECORATION: underline">ACTS</font>"), AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, ASSIGNED, PLEDGED OR OTHERWISE DISPOSED <font style="FONT-WEIGHT: normal">OF LESS IN COMPLIANCE WITH&#160;&#160;RULE&#160;&#160;144 UNDER THE SECURITIES ACT OR A EFFECTIVE&#160;&#160;REGISTRATION&#160;&#160;STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL FOR THE LENDER SATISFACTORY TO PAYOR THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE ACTS OR RECEIPT OF A NO-ACTION LETTER FROM THE U.S. SECURITIES AND EXCHANGE COMMISSION.</font></font></div>
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PROMISSORY NOTE </font>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$500,000.00</font></font></div>
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<td width="33%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date: May 12, 2015&#160;&#160;</font></td>
<td width="33%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Denver, Colorado</font></td>
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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">THIS PROMISSORY NOTE ("<font style="TEXT-DECORATION: underline">Note</font>") is entered into as of May 12, 2015 (the "<font style="TEXT-DECORATION: underline">Effective Date</font>") by and between Clean Coal Technologies Inc., a Nevada&#160;corporation&#160;&#160;("<font style="TEXT-DECORATION: underline">Payor</font>"),&#160;and CCTC Acquisition Partners LLC, a Colorado limited liability company ("<font style="TEXT-DECORATION: underline">Lender</font>"). Payor and Lender&#160;are hereafter&#160;sometimes referred&#160;to individually&#160;as "<font style="TEXT-DECORATION: underline">Party</font>" or collectively as "<font style="TEXT-DECORATION: underline">Parties</font>."</font></div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Both Parties agree that there are significant advantages to the Parties entering into this Note and providing the Advances (as defined below) in order to commence the construction of Payor's demonstration plant in Oklahoma ("<font style="TEXT-DECORATION: underline">Demonstration&#160;&#160;Plant</font>") as soon as possible and funds advanced&#160;under&#160;this Note will be&#160;used&#160;for this purpose&#160;as provided herein.&#160; The&#160;amounts borrowed under this Note are contemplated to be part of an interim&#160;step in connection with completing a financing transaction between Payor and Lender (the "<font style="TEXT-DECORATION: underline">Additional Financing</font>"). The Additional Financing is subject to Payor, on the one hand, and Lender and its affiliate, Black Diamond&#160;Financial&#160;&#160;Group LLC, on the other, completing definitive documentation&#160;that will provide&#160;for&#160;&#160;the&#160;Additional&#160;Financing.&#160;&#160;The&#160;Parties&#160;agree&#160;in&#160;good&#160;faith&#160;to&#160;negotiate&#160;final documents for this transaction to conclusion as soon as possible, but no later than June 15, 2015 </font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(the "<font style="TEXT-DECORATION: underline">Additional Financing Transaction Date</font>").</font></div>

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