Exhibit 10.1


 


STOCK SURRENDER
AGREEMENT


 


This
STOCK SURRENDER AGREEMENT (the “Agreement”) dated as of May 11, 2015, by and among the individuals listed on
Schedule A (each a “Shareholder” and collectively, “Shareholders”) and VAPE Holdings, Inc.
(the “Company”).


 


W I T N
E S S E T H:


 


WHEREAS,
the Shareholders are current officers, directors and/or employees of the Company;


 


WHEREAS,
on January 6, 2015 and January 27, 2015, as applicable, the Shareholders were transferred an aggregate of 440,625 shares of common
stock, par value $0.00001 per share (the “Common Stock”) pursuant to a settlement agreement with certain other shareholders
of the Company;


 


WHEREAS,
each Shareholder desires to surrender his legal right, title and interest in the number of shares of Common Stock set forth opposite
his name on Schedule A hereto, which shares total 440,625 (the “Shares”) to the Company which will be held
by the Company as treasury stock;


          


NOW,
THEREFORE, in consideration of the promises and mutual covenants, agreements, representations and warranties herein contained,
the parties hereto agree as follows:


 


1. Surrender
of Shares. Subject to the terms and conditions of this Agreement, as of the date first above written, Shareholders hereby
surrender all legal right, title and interest in the Shares to the Company to be held by the Company as treasury stock. The Shareholders
shall receive no consideration for the surrendered Shares.


 


2. Further
Assurances. After the date hereof, Shareholders agree to take any and all actions necessary to surrender the Shares to the
Company.


 


3. Acknowledgements.
The parties hereto acknowledge and agree that the intent and purpose of the transaction contemplated by this Agreement is not
to hinder or defraud any creditor of Shareholders.


 


4. Entire
Agreement: Amendments. This Agreement contains, and is intended as, a complete statement of all the terms of the arrangements
between the parties with respect to the matters provided for and supersedes any and all prior agreements, arrangements and understandings
between the parties with respect to the matters provided for herein. No alteration, waiver, amendment, change or supplement hereto
shall be binding or effective unless the same is set forth in writing, signed by the parties hereto or a duly authorized representative
thereof.


 


5. Notices.
Any notices required or permitted to be given under this Agreement shall be in writing, signed by the party giving such notice
and shall be deemed duly given when sent by registered or certified mail return receipt requested, to the other parties hereto
at such parties address set forth on the signature page hereto or at such other address as such parties shall designate by similar
notice to the other parties. 


 


6. Governing
Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of California,
without giving effect to principles of conflicts of law or choice of law. Each Shareholders and the Company hereby agree that
the state and federal courts located in Los Angeles, California, shall have exclusive jurisdiction and venue over all actions
relating to this Agreement.


 


[Signatures
on following page]


 






    	 



    	 



    







 


IN
WITNESS WHEREOF, the parties have hereunto executed this Agreement on the day and year first above written.


 


	 	VAPE
    HOLDINGS, INC.     
	 	 
	 	By:   	 
	 	Name:  	Kyle
    Tracey
	 	Title:  	CEO
	 	 	 
	 	SHAREHOLDERS
	 	 
	 	 
	 	Kyle
    Tracey  
	 	 
	 	 
	 	Benjamin
    Beaulieu   
	 	 
	 	 
	 	Joe
    Andreae   








 






    	 



    	 



    

 


Schedule A


 





	Shareholder	 	Number of Shares to be Transferred to the Company	 
	Kyle Tracey	 	 	100,000	 
	Benjamin Beaulieu	 	 	170,312	 
	Joe Andreae	 	 	170,313	 
	Total	 	 	440,625