Vapor Group Inc (VPOR)

[LGL8054]

on July 20, 2017, Dror
Svorai entered into a stock purc
hase agreement with a privately
-held company, SF Holdings, LLC, (the “Purchaser”) for the s
ale and
transfer of 100% of his Series A Preferred Stock
in the Company
, which represents voting control of the Company (the “Agreement”).
Under the term
s of the Agreement, effective on July 20,
2017,
the Purchaser
obtained any and all rights to vot
ing 100
% of the shares
of Series A Preferred Stock
which was held by Dror Svorai, transferring control of the Company to the Purchaser
. As a result of these
events, Dror Svorai is no longer an officer or director of the Company, nor the controlling
shareholder of
the Company.
Also on July 20, 2017, Jorge Schcolnik, Chief Financial Officer of the Company, was appointed a member of the Board of Directors
of the Company.