Item 1.01. Entry into a Material Definitive Agreement.

On August 4, 2022, VPR Brands, LP (the "Company") entered into a Settlement Agreement and Release (the "Settlement Agreement") by and between the Company on the one hand, and Myle Vape, Inc ("Myle") and MVH I, INC. ("MVH I" and together with Myle, "MYLE") on the other hand. The Company previously filed a lawsuit in the United States District Court for the Eastern District of New York (Civil Action No. 1:21-cv-02445) alleging patent infringement of the Company's U.S. Patent No. 8,205,622 (the "Patent") by MYLE (the "Action"). Pursuant to the terms of the Settlement Agreement, the Company and MYLE agreed to settle the Action. In addition, the MYLE agreed to pay the Company $125,000. The Company also granted to MYLE a fully paid-up, royalty-free, non-exclusive license to practice the invention set forth in the Patent and all related patents and applications.

The foregoing description of the Settlement Agreement does not purport to be complete and is qualified in its entirety by reference to the Settlement Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated herein by reference.

Item 9.01 Financial Statement and Exhibits.





(d) Exhibits



Exhibit No.   Description

10.1            Settlement Agreement, dated as of August 4, 2022, by and between the
              registrant on the one hand, and Myle Vape, Inc and MVH I, INC., on the
              other hand
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document).




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