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This is a paid asset, but now you can download Vertex Painter & Vertex AO Free.
Vertex Painter & Vertex AO v2.0
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INFO : Meshes must have a mesh collider to work! Version 2.0 – Updated to Unity 4.3 – Added several shaders for texture blending (blend 2,3 or 4 textures) – Added op for calculating Vertex based AO (including example shaders) – Vertex AO Shaders. Version 1:0 A simple script that allows you to paint vertex colors on meshes.
Includes several shaders: – Blend textures (Up to four four)