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

On November 12, 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 $1,001,467 (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 existing including any additional advances or future advances, renewals or extensions without limitation as to amount. The Loan is evidenced by a promissory note and secured by a first mortgage lien on property that is owned by Borrower and serves as the Company's corporate headquarters (the "Property"). Outstanding principal accrues interest at an annual rate of twelve percent (12%). Monthly payments in the amount of $10,014.67 commence on December 12, 2021 and continue on the same day of each month thereafter until the earlier of: (i) the closing date of the sale of the Property; or (ii) February 15, 2022, at which time the remaining principal balance, if any, is due and payable.

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 secured promissory note, corporate guaranty agreement and mortgage which are attached hereto as Exhibit 10.1(a), 10.1(b) and 10.1(c), 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)      Secured Promissory Note dated November 12, 2021 in the principal
           amount of $1,001,467 made by Assisted 4 Living Consulting, Inc.

10.1(b)      Corporate Guaranty of Assisted 4 Living, Inc. dated November 12,
           2021.

10.1(c)      Mortgage made November 12, 2021 by Assisted 4 Living Consulting,
           Inc.

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

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