Vapor Hub International Inc. (OTCPK:VHUB) announced that it has entered into a senior secured credit facility agreement with PLY Technology for private placement of a senior secured convertible promissory note for gross proceeds $543,110.30 on December 23, 2016. The note carries a fixed interest rate of 18% per annum and would mature on February 15, 2017. The company may prepay the notes at any time, in whole or in part, without penalty. Proceeds include $60,000 previously advanced to the company by investor. The note was issued to the investor in reliance upon the exemption from registration set forth in Section 4(a)(2) of the Securities Act of 1933, as amended. At any time prior to the maturity date or the earlier termination of this agreement, the company can request up to $331,899.70 of additional loans, which additional loans may be made in the sole discretion of the investor.