Item 1.01 Entry into a Material Definitive Agreement.
On February 22, 2021, Premier Products Group Inc. (the "Company") and NPI
Mobile, LLC entered into a Joint Venture Agreement to create a technology
company called SmartRoad Turtle, LLC. Premier Products Group, Inc. will use a
combination of cash and stock to finance the Company's 49% interest in the Joint
Venture. The remaining 51% interest will go to NPI Mobile, LLC, which will give
Premier Products Group, Inc world wide exclusivity of its 21 patents in 32
countries.
Item 3.02 Unregistered Sales of Equity Securities.
It has been brought to the Company's attention's that a Note Holder converted
their note into the Company's common stock without reporting properly to the
SEC. Management feels that the amount of stock received by the Note Holder
constitutes the Note Holder as an affiliate of the Company and therefore should
have filed an SEC form 13d. As of February 22, 2021, the Noteholder has not
filed a 13d form. The Company is investigating the merits of the information
that was given and will convey the results of the information to the
Shareholders.
Form 13d informs current and potential investors that the filer has control of
5% or more of the company's stock and can only sell up to 1% of the then issued
and outstanding shares every 90 days.
On February 16th, 2021 the company settled an agreement that dates back to 2015
over a dispute of a $75,000.00 transaction. The result of the dispute, which was
adjudicated in favor of the Company, resulting in 50,000,000 shares being
returned to the Company's Treasury. The shares were booked to the Company's
Reserve Shares Account with the Transfer Agent until the dispute was settled.
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