Current Report Filing (8-k)
June 17 2019 - 4:59PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported):
June 14, 2019
VPR
BRANDS, LP
(Exact
name of registrant as specified in its charter)
Delaware
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000-54435
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45-1740641
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(State
or other jurisdiction
of
incorporation or organization)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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3001
Griffin Road, Fort Lauderdale, FL 33312
(Address
of principal executive offices)
(954)
715-7001
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (
see
General Instruction A.2. below):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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N/A
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N/A
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N/A
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
1.01.
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Entry
into a Material Definitive Agreement.
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On
June 14, 2019, VPR Brands, LP (the “Company”) issued a promissory note in the principal amount of $100,001 (the “June
2019 Frija/Hoff Note”) to Kevin Frija and Dan Hoff. Mr. Frija is the Company’s Chief Executive Officer, President,
principal financial officer, principal accounting officer and Chairman of the Board, and a significant stockholder of the Company.
Mr. Hoff is the Company’s Chief Operating Officer. The principal amount due under the June 2019 Frija/Hoff Note bears interest
at the rate of 24% per annum, permits Messrs. Frija and Hoff to deduct one ACH payment from the Company’s bank account in
the amount of $500 per business day until the principal amount due and accrued interest is repaid. Any unpaid principal amount
and any accrued interest is due on June 14, 2020. The June 2019 Frija/Hoff Note is unsecured.
The
foregoing description of the June 2019 Frija/Hoff Note is not a complete description of all of the rights and obligations of the
parties thereto under the June 2019 Frija/Hoff Note, and is qualified in its entirety by reference to the June 2019 Frija/Hoff
Note, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated herein by reference.
Item
2.03.
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Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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On
June 14, 2019, the Company issued the June 2019 Frija/Hoff Note to Messrs. Frija and Hoff. The terms of the June 2019 Frija/Hoff
Note are described in Item 1.01 of this Current Report on Form 8-K, which description is incorporated herein by reference.
Item
9.01
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Financial
Statements and Exhibits
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(d)
Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated:
June 17, 2019
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VPR
BRANDS, LP
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By:
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/s/
Kevin Frija
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Kevin
Frija
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Chief
Executive Officer and Chief Financial Officer
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