secwatch / observer
8-K filed November 6, 2023, 6:59 PM ET ticker YHC CIK 0001843165
other material confidence high sentiment positive materiality 0.65

LQR House buys cwspirits.com domain for $10K; CEO salary raised to $540K with revenue-based bonus

LQR House Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

LQR House Inc. entered into Domain Name Transfer Agreement with SSquared Spirits LLC valued at $10,000 (effective 2023-11-01).

Action
entry
Agreement
asset purchase
Counterparty
SSquared Spirits LLC
Value
$10,000
Effective
2023-11-01
Exact text from the filing
LQR House Acquisition Corp. (the “Buyer”), a subsidiary of LQR House Inc. (the “Company” or “LQR”), and SSquared Spirits LLC (the “Seller”) entered into a Domain Name Transfer Agreement (“Agreement”). Pursuant to the Agreement, the Seller irrevocably sold, assigned, transferred, and conveyed to the Buyer (a) all right, title, and interest in and to the domain name www.cwspirits.com (the “Domain Name”), including its current registration with GoDaddy.com, and (b) any other rights (including, but not limited to, trademark rights associated with the Domain Name in any jurisdiction, all Internet traffic through the Domain Name and all Website Content (as defined in the Agreement) the Seller may have in the Domain Name, together with any goodwill associated therewith in exchange for the payment by the Buyer of the purchase price of $10,000.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LQR House Inc. entered into Management Agreement with KBROS LLC valued at $40,000 monthly fee; up to $5,000,000 annually in additional payments (effective 2023-11-01).

Action
entry
Counterparty
KBROS LLC
Value
$40,000 monthly fee; up to $5,000,000 annually in additional payments
Effective
2023-11-01
Exact text from the filing
the Company entered into a management and operation agreement (the “Management Agreement”) with KBROS LLC (“KBROS”). Pursuant to Management Agreement, KBROS shall provide the Company with management services relating to the sale of spirits and other beverage products through the website associated with the domain name www.cwspirits.com
View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

LQR House Inc. filing history →

Source: SEC EDGAR
accession 0001213900-23-083853
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