PLY Technology entered into an asset purchase agreement to acquire substantially all assets from Vapor Hub International Inc. (OTCPK:VHUB) for $1.1 million on February 10, 2017. The aggregate purchase price is $1 million. PLY s not assuming any liabilities of Vapor Hub. PLY will pay the price at closing by cancelling all outstanding principal, accrued interest and all other obligations payable to PLY by Vapor Hub. The transaction is subject to conditions including approval by Vapor Hub's shareholders, Vapor Hub shall have delivered to PLY bill of sale, fully executed intellectual property assignment, all third-party consents and approvals, governmental and regulatory consents, termination of all loan agreements and security agreements, termination and release of all Liens and termination of any UCC financing statements. The transaction is expected to complete in March 2017. Special meeting of shareholders of Vapor Hub will be held on March 29, 2017 to approve the transaction. James Hsu of Squire Patton Boggs LLP acted as legal advisor for PLY. Jonathan Friedman of Stubbs Alderton & Markiles LLP acted as legal advisor for Vapor Hub. PLY Technology cancelled the asset purchase agreement to acquire substantially all assets from Vapor Hub International Inc. (OTCPK:VHUB) on February 10, 2018.