diff --git a/apps/vault/contracts/Vault.sol b/apps/vault/contracts/Vault.sol
index 1878b4f..2e3eeff 100644
--- a/apps/vault/contracts/Vault.sol
+++ b/apps/vault/contracts/Vault.sol
@@ -20,10 +20,15 @@ interface IToken {
 contract Vault is EtherTokenConstant, AragonApp, DepositableStorage {
   using SafeERC20 for ERC20;
 
+  bytes32 public constant TRANSFER_ROLE = keccak256("TRANSFER_ROLE");
+
   string private constant ERROR_NOT_DEPOSITABLE = "VAULT_NOT_DEPOSITABLE";
   string private constant ERROR_DEPOSIT_VALUE_ZERO = "VAULT_DEPOSIT_VALUE_ZERO";
   string private constant ERROR_VALUE_MISMATCH = "VAULT_VALUE_MISMATCH";
   string private constant ERROR_TOKEN_TRANSFER_FROM_REVERTED = "VAULT_TOKEN_TRANSFER_FROM_REVERT";
+  string private constant ERROR_TRANSFER_VALUE_ZERO = "VAULT_TRANSFER_VALUE_ZERO";
+  string private constant ERROR_SEND_REVERTED = "VAULT_SEND_REVERTED";
+  string private constant ERROR_TOKEN_TRANSFER_REVERTED = "VAULT_TOKEN_TRANSFER_REVERTED";
 
   uint256 private _snapshotTotalSupply;
 
@@ -34,6 +39,7 @@ contract Vault is EtherTokenConstant, AragonApp, DepositableStorage {
   bytes32[4] public appIds;
 
   event VaultDeposit(address indexed token, address indexed sender, uint256 amount);
+  event VaultTransfer(address indexed token, address indexed to, uint256 amount);
 
   function () external payable isInitialized {
     _deposit(ETH, msg.value);
@@ -50,25 +56,18 @@ contract Vault is EtherTokenConstant, AragonApp, DepositableStorage {
     setDepositable(true);
   }
 
-  function getTokenContract() public view returns (address) {
+  function getContract(uint8 appId) public view returns (address) {
     IKernel k = IKernel(kernel());
-
-    return k.getApp(KERNEL_APP_ADDR_NAMESPACE, appIds[uint8(Apps.Token)]);
-  }
-
-  function getContributorContract() public view returns (address) {
-    IKernel k = IKernel(kernel());
-
-    return k.getApp(KERNEL_APP_ADDR_NAMESPACE, appIds[uint8(Apps.Contributor)]);
+    return k.getApp(KERNEL_APP_ADDR_NAMESPACE, appIds[appId]);
   }
 
   function getContributorAddressById(uint32 contributorId) public view returns (address) {
-    address contributor = getContributorContract();
+    address contributor = getContract(uint8(Apps.Contributor));
     return IContributor(contributor).getContributorAddressById(contributorId);
   }
 
   function getContributorsAddresses() internal view returns (address[]) {
-    address contributor = getContributorContract();
+    address contributor = getContract(uint8(Apps.Contributor));
     uint32 contributorsCount = IContributor(contributor).contributorsCount();
 
     address[] memory contributorsAddresses = new address[](contributorsCount);
@@ -82,12 +81,12 @@ contract Vault is EtherTokenConstant, AragonApp, DepositableStorage {
   }
 
   function balanceOf(address owner) public view returns (uint256) {
-    address token = getTokenContract();
+    address token = getContract(uint8(Apps.Token));
     return IToken(token).balanceOf(owner);
   }
 
   function totalSupply() public view returns (uint256) {
-    address token = getTokenContract();
+    address token = getContract(uint8(Apps.Token));
     return IToken(token).totalSupply();
   }
 
@@ -121,35 +120,39 @@ contract Vault is EtherTokenConstant, AragonApp, DepositableStorage {
     require(_value > 0, ERROR_DEPOSIT_VALUE_ZERO);
 
     if (_token == ETH) {
-        // Deposit is implicit in this case
-        require(msg.value == _value, ERROR_VALUE_MISMATCH);
-
-        createSnapshot();
-
-        emit VaultDeposit(_token, msg.sender, _value);
+      // Deposit is implicit in this case
+      require(msg.value == _value, ERROR_VALUE_MISMATCH);
     } else {
       require(
         ERC20(_token).safeTransferFrom(msg.sender, address(this), _value),
         ERROR_TOKEN_TRANSFER_FROM_REVERTED
       );
     }
+
+    emit VaultDeposit(_token, msg.sender, _value);
   }
+  
+  /**
+  * @notice Transfer `_value` `_token` from the Vault to `_to`
+  * @param _token Address of the token being transferred
+  * @param _to Address of the recipient of tokens
+  * @param _value Amount of tokens being transferred
+  */
+  /* solium-disable-next-line function-order */
+  function transfer(address _token, address _to, uint256 _value)
+    external
+    authP(TRANSFER_ROLE, arr(_token, _to, _value))
+  {
+      require(_value > 0, ERROR_TRANSFER_VALUE_ZERO);
 
-  function createSnapshot() internal {
-    updateSnapshotTotalSupply();
-    updateSnapshotBalances();
-  }
-
-  function updateSnapshotTotalSupply() internal {
-    _snapshotTotalSupply = totalSupply();
-  }
-
-  function updateSnapshotBalances() internal {
-    address[] memory contributorsAddresses = getContributorsAddresses();
-
-    for(uint32 i = 0; i < contributorsAddresses.length; i++) {
-      _snapshotBalances[contributorsAddresses[i]] = balanceOf(contributorsAddresses[i]);
+    if (_token == ETH) {
+      require(_to.send(_value), ERROR_SEND_REVERTED);
+    } else {
+      require(ERC20(_token).safeTransfer(_to, _value), ERROR_TOKEN_TRANSFER_REVERTED);
     }
+
+    emit VaultTransfer(_token, _to, _value);
   }
 
+
 }
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