Vape Holdings, Inc. (OTCPK:VAPE) acquired 80% stake in BetterChem Consulting, Inc. from Mark Scialdone for $0.1 million in stock and earn out payments on July 1, 2015. Under the terms of the agreement, VAPE acquired 80 shares of BetterChem in exchange for 0.25 million VAPE shares and additional share based incentives of up to 0.15 million VAPE shares depending on revenues achieved by BetterChem over the next two years. On the one year anniversary of the closing, Mark Scialdone shall be entitled to an additional of up to 0.075 million shares of VAPE if BetterChem has generates at least $0.1 million in gross revenues and on the two year anniversary of the closing, Mark Scialdone shall be entitled to an additional of up to 0.075 million shares of VAPE common stock if BetterChem has generated at least $0.1 million in gross revenues. The additional stock issuance will be calculated on a pro rata basis. Mark Scialdone will retain a 20% interest in BetterChem.

Vape Holdings, Inc. (OTCPK:VAPE) completed the acquisition of 80% stake in BetterChem Consulting, Inc. from Mark Scialdone on July 1, 2015. The consideration of 0.4 million shares was done on July 8, 2015.