UNSECURED CONVERTIBLE PROMISSORY NOTEVape Holdings, Inc. • December 8th, 2014 • Electric housewares & fans • Utah
This Note carries an original issue discount ("0ID") of $50,000.00. In addition, Borrower agrees to pay $10,000.00 to Lender to cover Lender's legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of this Note (the "Transaction Expense Amount"), all of which amount is included in the initial principal balance of this Note. The purchase price for this Note shall be $500,000.00 (the "Purchase Price"), computed as follows: $560,000.00 original principal balance, less the OID, less the Transaction Expense Amount. The Purchase Price shall be payable by delivery to Borrower at Closing of a wire transfer of immediately available funds in the amount of the Purchase Price (as defined in the Purchase Agreement). For purposes hereof, the term "Purchase Price Date" means the date the Purchase Price is delivered by Lender to Borrower.
Securities Purchase AgreementSecurities Purchase Agreement • December 8th, 2014 • Vape Holdings, Inc. • Electric housewares & fans • Utah
This Securities Purchase Agreement (this "Agreement"), dated as of December 3, 2014, is entered into by and between Vape Holdings, Inc., a Delaware corporation ("Company"), and Typenex Co-Investment, LLC, a Utah limited liability company, its successors and/or assigns ("Investor").
