Vapor Hub International Inc. (OTCPK:VHUB) announced that it has entered into a note purchase agreement to issue unsecured non-convertible promissory note for gross proceeds of $205,000 on June 4, 2015. The transaction has included participation from accredited investor, Typenex Co-Investment, LLC. The note matures on December 4, 2015.

The principal amount of the note is issued at an original issue discount of $40,000. The company will not bear any interest rate on the note. If the company fail to repay the company note when due, or if we are otherwise in default, at the option of investor a default interest rate of 18% per annum will apply on all conversion eligible portions of the company note while the default continues.