VPR Brands' licensee EBL sublicenses IP to Elf Group; minimum monthly royalty of $250k

VPR Brands, LP.

EBL sublicensed VPR Brands' trademark (ELF) and patent for electronic cigarettes and related products to affiliated Elf Group Inc.
Minimum monthly royalty of $250,000 payable to VPR Brands beginning 90 days after March 10, 2023 (approx. June 2023).
The EBL Sublicense does not affect the original License Agreement, which remains in full force.

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