Current Report Filing (8-k)
December 05 2017 - 6:06AM
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):
November 30, 2017
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):
[ ] Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
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.
Entry into a Material Definitive Agreement.
On November 30, 2017, VPR Brands, LP
(the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”), dated November 16, 2017,
with Orange Door Capital, LLC (“Orange Door”). Pursuant to the terms of the Purchase Agreement, the Company agreed
to sell to Orange Door all of the Company’s right, title and interest in and to $312,000 of the Company’s future receivables
arising from electronic payments by the Company’s customers, in exchange for the payment by Orange Door to the Company of
$240,000. Kevin Frija, the Company’s Chief Executive Officer and Chief Financial Officer and the majority stockholder of
the Company, personally guaranteed the performance of all covenants and the truth and accuracy of all representations and warranties
made by the Company in the Purchase Agreement.
The Purchase Agreement includes customary
representations, warranties and covenants by the respective parties.
The foregoing description of the Purchase
Agreement is not a complete description of all of the parties’ rights and obligations under the Purchase Agreement and is
qualified in its entirety by reference to the Purchase Agreement, 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.
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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 November 30, 2017, the Company and
Orange Door executed the Purchase Agreement. The terms of the Purchase Agreement are described in Item 1.01 of this Current Report
on Form 8-K, which description is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
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Description
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10.1
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Purchase Agreement dated November 16, 2017 (entered into on November 30, 2017) between VPR Brands, LP and Orange Door Capital, LLC.
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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:
December 4 , 2017
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VPR
BRANDS, LP
By:
/s/ Kevin Frija
Name:
Kevin Frija
Title:
Chief Executive Officer and Chief Financial Officer
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