{"url_path":"/sec/vprb/8-k/2026-07-16/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-16","source_url":"https://www.sec.gov/Archives/edgar/data/1376231/0001213900-26-078703-index.html","accession_number":"0001213900-26-078703","cik":"0001376231","ticker":"VPRB","issuer_name":"VPR Brands, LP.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1376231/0001213900-26-078703-index.html","primary_entity_key":"0001376231","primary_entity_name":"VPR Brands, LP."},"word_count":337,"has_tables":true,"body_markdown":"**Item 1.01. Entry into\na Material Definitive Agreement.**\n\n** **\n\nOn July 10, 2026, VPR Brands, LP (the\n“Company”) entered into a Settlement and Patent License Agreement (the “Settlement Agreement”) with R.J.\nReynolds Vapor Company (the “Licensee”) relating to that certain action captioned R.J. Reynolds Vapor Company v. VPR\nBrands, LP, United States District Court for the District of Delaware, Case No. 1:26-cv-00459 (the “Litigation”).\n\n \n\nThe Company is the owner of all right, title and\ninterest in and to U.S. Patent No. 8,205,622 B2 (the “Patent”). Pursuant to the terms of the Settlement Agreement, in exchange\nfor the payment by the Licensee of $14,900,000 and the mutual releases set forth in the Settlement\nAgreement: (i) the Company and Licensee agreed to resolve the Litigation and all disputes between them related to the Patent on the terms\nset forth in the Settlement Agreement, without admission of liability, validity, enforceability or infringement by either party to the\nSettlement Agreement; and (ii) the Company granted to the Licensee and its affiliates a non-exclusive, worldwide, fully paid-up, perpetual,\nirrevocable license, with no right to sublicense, under the Patent, solely with respect to Licensed Products (as defined in the Settlement\nAgreement), to make, have made, import, export, use, sell, develop, offer to sell, advertise, update, support, maintain, obtain, exploit\nand otherwise distribute and dispose of Licensed Products, including in each case the right to have any of the foregoing done directly\nor indirectly for or on behalf of the Licensee or any of its affiliates by vendors, suppliers, manufacturers, developers, distributors,\nresellers, OEMs, dealers, contractors, subcontractors, consultants, partners, retailers, hosts, service providers, customers (direct and\nindirect) and users of Licensed Products.\n\n \n\nThe Settlement Agreement\ncontains customary representations, warranties and covenants for an agreement of this type.\n\n \n\nThe above summary of\nthe Settlement Agreement does not purport to be complete and is qualified in its entirety by reference to the provisions of Settlement\nAgreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference."}