SusGlobal Energy issues $350K convertible note to AJB Capital for litigation settlement

SusGlobal Energy Corp.

Entered into securities purchase agreement with AJB Capital Investments for a 10% convertible promissory note with principal amount of $350,000, purchase price $315,000.
Issued 857,143 shares of common stock as commitment fee valued at $300,000.
Proceeds of approximately $275,000 intended to settle litigation with former CEO (unpaid fees of $310,428).
Note matures June 2, 2022; convertible into common stock at 90% of market price upon event of default.
Company must reserve at least 7,000,000 shares for conversion; failure to maintain reserve triggers $5,000 increase in principal per occurrence.

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