Vapor Corp. (OTCPK:VPCO) announced a private placement of a senior convertible note and warrants for gross proceeds of $500,000 on January 29, 2013. Robert John Sali will serve as an investor in the transaction. The note bears an interest of 18% per annum and will mature on January 28, 2016. The note will be convertible into common stock at a conversion price of $0.6755 per share which represents 110% of the 30-day weighted average closing price per share of the company's common stock. The warrants will purchase an aggregate of 40,710 shares of the company's common stock and will carry an exercise price of $0.6755 per share and may be exercised at the option of the holder for cash or on a cashless basis until January 28, 2018.

On January 29, 2013, Vapor Corp. closed the transaction.