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

On October 8, 2021, Assisted 4 Living, Inc., a Nevada corporation (the "Company"), entered into a guaranty agreement in connection with a loan made to its wholly-owned subsidiary, Assisted 4 Living Consulting, Inc. ("Borrower") in the principal amount of $1,250,000 (the "Loan"). Pursuant to the terms of the guaranty agreement, the Company has unconditionally guaranteed the payment of all indebtedness, liabilities and obligations of every kind and nature of Borrower to the lender whether absolute or contingent, direct or indirect, due or to become due, heretofore or hereafter created, arising or exiting including any additional advances or future advances, renewals or extensions without limitation as to amount. The Loan is evidenced by a promissory note. Outstanding principal accrues interest at an annual rate of ten percent (10%). Monthly payments in the amount of $10,416.67 commence on November 8, 2021 and continue for 12 months until the maturity date of October 8, 2022, at which time the remaining principal balance, if any, is due and payable. The Loan is secured by a first mortgage lien on property that is owned by Borrower and serves as the Company's corporate headquarters.

If any portion of the principal is paid prior to July 8, 2022, then Borrower must pay a prepayment fee calculated as the difference between nine months of interest on the amount of principal being prepaid and the amount of interest paid to date on the amount of principal being prepaid. The lender is guaranteed nine months of interest regardless of when Loan is paid off.

After the maturity date or due date of the promissory note, interest shall be charged on the respective principal amount remaining unpaid at a rate equivalent to the highest lawful rate or twenty-five percent (25%) per annum, whichever is less, until paid.

If any payment of principal or interest or both is more than five days late, Borrower agrees to pay lender a late charge equal to five percent (5.0%) of the payment.

The foregoing summary of the promissory note and the guaranty agreement are qualified in their entirety by reference to the full text of the promissory note and guaranty agreement which are attached hereto as Exhibit 10.1(a) and 10.1(b), respectively, and incorporated herein by reference. You are urged to read said exhibits attached hereto in their entirety.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.



Exhibit
Number          Description
10.1(a)           Promissory Note dated October 8, 2021 in the principal amount of
                $1,250,000 made by Assisted 4 Living Consulting, Inc.

10.1(b)           Personal Guaranty made by Assisted 4 Living, Inc. dated October
                8, 2021.

104             Cover Page Interactive Data File (embedded within the Inline XBRL
                document)

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