Item 1.01 Entry Into Material Definitive Agreement

On January 14, 2021, our wholly owned subsidiary, United Product Development Corporation (the "Subsidiary"), a Nevada corporation, entered into a commercial lease (the "Lease") with Athens Commons, LLC, a Kentucky Limited Liability Company, for the lease of a 88,740 square foot building at 5532 Athens Boonsboro Road, Lexington, Kentucky. The Lease is for a 5-year term with options to renew for 2 additional 5-year terms. The effective beginning date of the Lease term is January 14, 2021. The Lease provides for minimum monthly rent of $50,000 for the first lease year and a 3% rental increase for each succeeding lease year. $30,000 per month of the monthly rent is abated during the period that the Subsidiary completes improvements or is waiting on government and municipal permits and licenses. The Subsidiary, as the tenant, is required to obtain an all-risk insurance policy covering the premises as well as a public liability insurance policy of not less than $1,000,000. The Subsidiary intends to develop the building for the purpose of operating a substance abuse detoxification facility.

ITEM 7.01. Regulation FD Disclosure

We will distribute a press release regarding the Lease and our plans associated with the Lease.

The information in this Current Report on Form 8-K with respect to Item 7.01 (including the Press Release attached as Exhibit 99.1 hereto) is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. This current report on Form 8-K will not be deemed an admission as to the materiality of any information contained herein (including the Press Release attached as Exhibit 99.1 hereto).

Item 9.01 Financial Statements and Exhibits

The exhibits listed below are filed or furnished herewith.





Exhibit
Number    Description



 10.1*      Commercial Lease, dated as of January 14, 2021
 99.1†      Press Release dated January 20, 2021


_______

 * Filed herewith.

† Furnished herewith.

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