Assisted 4 Living, Inc. (OTCPK:ASSF) entered into an Asset Purchase Agreement to acquire Assets of 207 Marshall Drive Operations LLC and 803 Oak Street Operations LLC from 207 Marshall Drive Operations LLC and 803 Oak Street Operations LLC for $2 million on March 10, 2021. Subject to the terms of the Purchase Agreement, the company is acquiring the Assets from the sellers in exchange for $2 million and the assumption of certain liabilities. The company paid a $0.2 million deposit upon execution of the Purchase Agreement, which will be applied to the purchase price at closing. The transaction is subject to the approval of the Bankruptcy Court and entry of a sale order determining the company to be the successful bidder, and pursuant to the terms of such sale order. It is also subject to regulatory approval, the company's approval of disclosure schedules to be provided by the sellers, and other customary closing conditions. The Transaction has been unanimously approved by the board of directors of the company. The Transaction is expected to close shortly after the sale hearing date currently scheduled for May 13, 2021. Jeffery Bahnsen of Bahnsen Legal Group, PLLC acted as legal advisor to Assisted 4 Living. Robert A. Weber of Chipman Brown Cicero & Cole, LLP acted as legal advisor to the sellers. Evans Senior Investments acted as broker to the sellers.