debt
confidence high
sentiment negative
materiality 0.40
VPR Brands issues $100,001 promissory note to CEO Kevin Frija at 24% interest
VPR Brands, LP.
- On September 17, 2021, VPR Brands issued an unsecured promissory note to CEO Kevin Frija for $100,001.
- The note carries 24% annual interest and matures on September 17, 2022.
- The CEO may deduct $500 per business day via ACH until principal and interest are repaid.
- The note is unsecured and represents a related-party transaction.