NOTE SETTLEMENT AGREEMENTNote Settlement Agreement • December 24th, 2015 • Vapor Hub International Inc. • Cigarettes • Utah
This NOTE SETTLEMENT AGREEMENT (this “Agreement”) is entered into as of December 18, 2015 (the “Effective Date”) by and between Typenex Co-Investment, LLC, a Utah limited liability company (“Lender”), and Vapor Hub International Inc., a Nevada corporation (“Borrower”). Each of Lender and Borrower is sometimes individually referred to hereinafter as a “Party” and collectively as the “Parties.” Capitalized terms used herein but not otherwise defined shall have the meaning ascribed thereto in the November Note (as defined below). Moreover, to the extent any capitalized term used herein is defined in the November Note or any other Transaction Document (as defined below), such capitalized term shall remain applicable even if the November Note or other Transaction Document (wherein such term is defined) has been released, satisfied, or is otherwise cancelled.
