SusGlobal Energy Corp announced that it has entered into a security purchase agreement for private placement of a 10% unsecured convertible promissory notes for gross proceeds of $350,000 on December 2, 2021. The note carried an original issue discount totaling approximately $35,000 which is included in the principal balance of the note. Thus, the total purchase price of the note was approximately $315,000. The maturity date of the note is the earlier of June 2, 2022, and the occurrence of an event of default. The note may be prepaid.