VPR Brands LP (VPRB)

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$VPRB: Patent Infringement LAWSUIT


Effective December 1, 2021, VPR Brands, LP (the “Company”) and NEPA 2 Wholesale, LLC (“NEPA”) entered into that certain Settlement Agreement (the “Settlement Agreement”). Pursuant to the terms of the Settlement Agreement, the Company and NEPA agreed to settle a lawsuit filed by the Company against NEPA that alleged patent infringement relating to U.S. Patent No. 8205,622 (the “Patent”), and NEPA agreed to pay to the Company $275,000. In addition, pursuant to the terms of the Settlement Agreement, the Company agreed to license the Patent and related patents and applications to NEPA and certain of its affiliates.



The foregoing description of the Settlement Agreement does not purport to be complete and is qualified in its entirety by reference to the Settlement 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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