secwatch.observer — SEC 8-K summary
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Issuer:     VPR Brands, LP. (VPRB)
CIK:        0001376231
Form:       8-K
Filed at:   2021-07-13T23:59:59+00:00
Accession:  0000891092-21-005504
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VPR Brands issues $100K promissory note to CEO Kevin Frija at 24% interest
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- $100,001 principal note issued to CEO Kevin Frija on July 12, 2021 with 24% annual interest.
- Daily ACH deduction of $500 per business day from company account until repaid.
- Unsecured; principal and accrued interest due July 12, 2022.
- CEO is also Chairman and significant stockholder; related-party transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376231/000089109221005504/0000891092-21-005504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376231/000089109221005504/e13961-8k.htm
  HTML page:      https://secwatch.observer/filing/0000891092-21-005504

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer