Clearford Water Systems Inc. announced that it has entered into 2 additional new loan agreements for $1,400,000. The proceeds of this financing will again be used to strengthen Clearford's balance sheet and fund project related working capital requirements including debt servicing of previously issued loans, and retirement of existing debt. The loans bear interest rate 9.75% per annum and matures on July 23rd, 2031. Each new loan is valued at $700,000 and $700,000, respectively. Each loan bears an interest rate of 9.75% payable semi-annually in May and November of each year. A setup fee of up to 4% is payable on each loan. The Company provided a general security agreement over the assets of its subsidiary Clearford Koester Canada Inc. It is expected that the loans will be fully advanced during the current quarter of 2021.