Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed by SusGlobal Energy Corp. (the "Company") in its Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K, the Company obtained a first mortgage (the "Mortgage") provided by private lenders to finance the acquisition of the shares of 1684567 Ontario Inc. ("1684567"), and to provide funds for additional financing needs, received in three tranches totaling $2,662,440 (C$3,300,000) (December 31, 2020-$2,591,820; C$3,300,000). 1684567 is a wholly owned subsidiary of the Company.

The Mortgage is repayable interest only on a monthly basis at an annual rate of the higher of the Royal Bank of Canada's prime rate plus 6.05% per annum (currently 8.50%) and 10% per annum. The Mortgage is secured by the shares of 1684567 and certain land owned by 1684567.

On August 13, 2021, the Company, to fund another acquisition, increased the Mortgage by $1,532,920 (C$1,900,000) (the "Mortgage Increase"). The total of the Mortgage is now $4,195,360 (C$5,200,000). The Company is the guarantor of the first mortgage pursuant to that certain Guarantee dated August 13, 2021 by and between the Company and the private lenders (the "Guarantee"). The Mortgage maturity date is now September 1, 2022.

The Mortgage is a long-term debt obligation that is material to the Company.

The foregoing description of the Mortgage Increase and the Guarantee do not purport to be complete and are qualified in their entirety by reference to the Mortgage Increase and the Note, the forms of which are filed as, respectively, Exhibits 4.1 and 10.1 hereto.

Item 2.03 Creation of Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement by a Registrant.

The disclosure under Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.



Item 9.01. Exhibits.

(d) Exhibits

Exhibit No.   Exhibit
  4.1           Mortgage Increase, dated August 13, 2021
  10.1          Guarantee, by and between SusGlobal Energy Corp. and Private
              Lenders, dated August 13, 2021
104           Cover Page Interactive Data File (formatted as Inline XBRL and
              contained in Exhibit 101).

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