Vapetek, Inc. agreed to acquire Swagg Sauce, Inc. from Bashar Dababneh on June 16, 2016. Vapetek will issue 30 million shares of Vapetek’s restricted common stock as consideration. Swagg Sauce, Inc. now operates as wholly owned subsidiary of Vapetek. Pursuant to the agreement, Bashar Dababneh resigned from all positions relating to Swagg Sauce, Inc., and appointed Andy Michael Ibrahim and Alham Benyameen as Directors of Swagg Sauce, Inc. Mountain Share Transfer, LLC acted as the escrow agent.