SEC Contract Filing

Filing Date: 2016-11-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>2
<FILENAME>peakone_ex10z4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="jbennett">
<META NAME="date" CONTENT="2016-08-22T16:46:00Z">
</HEAD>
<BODY style="margin-top:0;font-family:'Times New Roman'; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>SECURITIES PURCHASE AGREEMENT</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify><B>THIS SECURITIES PURCHASE AGREEMENT</B> (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Agreement<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>), dated as of March &nbsp;11, 2016, is entered into by and between CLEAN ENERGY TECHNOLOGIES, INC., a Nevada corporation, (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Company<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) and PEAK ONE OPPORTUNITY FUND, L.P., a Delaware limited partnership (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Buyer<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>).</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>WITNESSETH:</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify><B>WHEREAS</B>, the Company and the Buyer are executing and delivering this Agreement in accordance with and in reliance upon the exemption from securities registration afforded, <I>inter alia</I>, by Rule 506 under Regulation D (<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Regulation D<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) as promulgated by the United States Securities and Exchange Commission (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>SEC<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) under the Securities Act of 1933, as amended (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>1933 Act<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>), and/or Section 4(a)(2) of the 1933 Act; and</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify><B>WHEREAS,</B> the Buyer wishes to purchase from the Company, and the Company wishes to sell the Buyer, upon the terms and subject to the conditions of this Agreement, securities consisting of the Company<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s Convertible Debentures due three years from the respective dates of issuance (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Debentures<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>), each of which are in the form of <U>Exhibit A</U> hereto, which will be convertible into shares of the Company<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s common stock, par value $0.001 per share (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Common Stock<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>), in the aggregate principal amount of up to Three Hundred Fifty Thousand and 00/100 Dollars ($350,000.00), for an aggregate Purchase Price of up to Three Hundred Fifteen Thousand and 00/100 Dollars ($315,000.00), all upon the terms and subject to the conditions of this Agreement, the Debentures, and other related documents;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify><B>NOW THEREFORE</B>, in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>1. <B>DEFINITIONS; AGREEMENT TO PURCHASE.</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>a. <B>Certain Definitions.</B> &nbsp;As used herein, each of the following terms has the meaning set forth below, unless the context otherwise requires:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>(i) <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Affiliate<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> means, with respect to a specific Person referred to in the relevant provision, another Person who or which controls or is controlled by or is under common control with such specified Person.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>(ii) <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Certificates<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> means certificates representing the Conversion Shares issuable hereunder, each duly executed on behalf of the Company and issued hereunder. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>(iii) <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Closing Date<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> means the date on which one of the three (3) Closings are held, which are the Signing Closing Date, the Second Closing Date and the Third Closing Date.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>(iv) Intentionally Omitted.</P>
<P style="m