Item 1.01 Entry Into a Material Definitive Agreement.

On January 6, 2021, the Company entered into an agreement to consolidate and secure obligations owed to the Company by How Smooth It Is, Inc. ("HSII") and HSII's sole shareholder. Under the terms of the Agreement, the obligations to the Company were consolidated into a single $2,750,000 promissory note bearing interest at 8% per year with a maturity date of March 31, 2021 (the "Note"). The Note is secured by the assets of HSII. Additionally, the sole shareholder of HSII has personally guaranteed payment of the Note.

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