Document:

Form of Convertible Note

 Exhibit 10.2 
 THIS SENIOR CONVERTIBLE NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES
LAWS OF ANY STATE. THE SECURITIES REPRESENTED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, OR, BASED ON AN OPINION OF COUNSEL, IN FORM
AND SUBSTANCE REASONABLY ACCEPTABLE TO THE COMPANY, SUCH OFFER, SALE OR TRANSFER IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THOSE LAWS. 
 VAPOR CORP. 
 SENIOR CONVERTIBLE NOTE 

 

			
	$[            ]	  	Dated: [            ] [    ], 2012

 FOR VALUE RECEIVED, Vapor Corp., a Nevada corporation (the “Company”), promises to pay
to the order of [            ], the initial registered holder hereof, or its permitted assigns ( “Holder”), upon the terms set forth below, the principal sum of
[            ] ($            ), plus interest on the unpaid principal balance hereof at the rate of eighteen percent
(18%) per annum (the “Stated Rate”). 
 This Note is issued pursuant to that certain Securities Purchase
Agreement of even date herewith by and between the Company and Holder (the “Purchase Agreement”). All capitalized terms used in this Note, but not otherwise defined herein, shall have the meanings ascribed to them in the Purchase
Agreement. 
 The term “Note” and all references thereto, as used throughout this instrument, shall mean this
instrument as originally executed, or if later amended or supplemented, then as so amended or supplemented. 
  

	 	1.	Calculation of Interest; Payments of Principal and Interest: Redemption by Holder. 

(a) Interest on the outstanding principal balance hereof shall be calculated at the Stated Rate based on a 365 day
year and shall commence accruing on the date hereof and, to the extent not converted in accordance with the provisions hereof, shall be payable in arrears on the fifth (5th) day (if such day is not a Business Day (as defined in Section 5(c)(i) below) then the next Business
Day) of each calendar month following the date hereof and at such time as the outstanding principal balance hereof with respect to which such interest has accrued becomes due and payable hereunder. 

(b) The principal balance and accrued but unpaid interest under this Note (to the extent not converted in accordance with the terms of
this Note) shall be due and payable on [            ] [     ], 2015 (the “Maturity Date”). 

(c) The Company may prepay the principal balance and interest under this Note (to the extent not converted in accordance with the terms
of this Note) in whole or in part until the Maturity Date, without penalty or premium. 

 (d) At any time after the first anniversary of the date hereof, Holder may require the
Company, upon at least thirty (30) Business Days’ written notice (a “Redemption Notice”), to redeem all or any portion of this Note, which Redemption Notice shall indicate the Conversion Amount (as defined in
Section 5(b)(i) hereof) the Holder is electing to redeem. The portion of this Note subject to redemption pursuant to this Section 1(d) shall be redeemed by the Company in cash in accordance with Section 1(e)
hereof. In the event of a redemption of less than all of the Conversion Amount of this Note, the Company shall as soon as practicable and in no event later than three (3) Business Days after receipt of the Redemption Notice and at its own
expense, issue and deliver to the Holder a new Note representing the outstanding principal balance which has not been redeemed. Notwithstanding the foregoing, the Redemption Notice shall not be effective if the Company is not permitted to redeem the
Note under applicable law or any agreement, contract or instrument to which the Company and/or its assets and properties are subject (each, a “Disabling Condition”) and will not become effective so long as a Disabling Condition
exists. During the existence of a Disabling Condition, this Note shall continue to be outstanding and accrue interest on the unpaid principal balance and be convertible at the option of Holder in accordance with the provisions of
Section 5(a) hereof. Holder may not exercise its right of redemption under this Section 1(d) more than once in any twelve-month period. 
 (e) Any payments of principal and accrued interest owing under this Note shall be made in cash, by either check payable to the order of Holder or by wire transfer of immediately available funds pursuant
to written wiring instructions from Holder. 
  

	 	2.	Covenants. 

 (a) The
Company will at all times cause to be done all things necessary or appropriate to preserve and keep in full force and effect its corporate existence and the corporate existence of any significant subsidiary (as defined in Rule 405 of the rules and
regulations of the Securities Act) of the Company (each, a “Significant Subsidiary”). 
 (b) The Company will
reasonably maintain in good repair, working order and condition, reasonable wear and tear excepted, its properties and other assets, and those of any Significant Subsidiary, and from time to time make all necessary or desirable repairs, renewals and
replacements thereto. 
 (c) The Company will, and will cause any Significant Subsidiary to, pay or discharge or cause to be
paid, set aside for payment or discharge, before the same shall become delinquent, all taxes, assessments and governmental charges levied or imposed upon the Company or any Significant Subsidiary, as the case may be, or upon their respective income,
profits or property; provided, that neither the Company nor any Significant Subsidiary shall be required to pay or discharge, or cause to be paid or discharged, any such tax, assessment, charge or claim whose amount or validity is being
contested in good faith by appropriate proceedings. 
 (d) The Company will, and will cause any Significant Subsidiary to,
comply in all material respects with all applicable statutes and regulations of the United States of America and of any state or municipality, and of any agency thereof, in respect of the conduct of business and the ownership of property by the
Company or any Significant Subsidiary; provided, that nothing contained in this Section 2(d) shall require the Company or a Significant Subsidiary to comply with any such statute or regulations so long as its legality or
applicability shall be contested in good faith. 

  
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	 	3.	Events of Default. 

 (a)
“Event of Default,” wherever used herein, means any one of the following events (whatever the reason and whether it shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of
any court, or any order, rule or regulation of any administrative or governmental body): 
 (i) the failure by
the Company to make payment of principal or interest due under this Note at the Maturity Date; 
 (ii) any breach
by the Company of a material provision of this Note (other than as specified in clause (i) above) that shall not have been remedied within ten (10) days after the date on which the Company shall have been provided with written notice of
such breach; 
 (iii) one or more defaults shall have occurred under any of the agreements, indentures or
instruments under which the Company or any Significant Subsidiary then has outstanding indebtedness of any nature in excess of $1,000,0000, individually or in the aggregate, and either (a) any such default results from the failure to pay such
indebtedness at its stated maturity or (b) any such default has resulted in the acceleration of the maturity of such indebtedness; 
 (iv) a final judgment or judgments for the payment of money aggregating in excess of $500,000 are rendered against the Company or any Significant Subsidiary and which judgments are not, within sixty
(60) days after the entry thereof, bonded, discharged or stayed pending appeal, or are not discharged within sixty (60) days after the expiration of such stay; provided, however, that any judgment which is covered by
insurance or an indemnity from a credit worthy party shall not be included in calculating the $500,000 amount set forth above so long as the Company provides the Holder a written statement from such insurer or indemnity provider (which written
statement shall be reasonably satisfactory to the Holder) to the effect that such judgment is covered by insurance or an indemnity and the Company will receive the proceeds of such insurance or indemnity within thirty (30) days of the issuance
of such judgment; 
 (v) any breach by the Company of any material covenant, agreement, representation or
warranty contained in the Purchase Agreement; 
 (vi) the Company consolidates with or merges into any other
entity or transfers all or substantially all of its assets to any person or entity by operation of law or otherwise unless (a) such entity formed by such consolidation or into which the Company is merged or to which all or substantially all of
the assets of the Company are transferred is an entity that expressly assumes all of the obligations of the Company under this Note and (b) after giving effect to such transaction, no Event of Default and no event which, after notice or lapse
of time, or both, would become an Event of Default, shall have occurred and be continuing; 
 (vii) any
commencement by the Company or any Significant Subsidiary of a case under any applicable bankruptcy or insolvency laws as now or hereafter in effect or any other proceeding under any reorganization, arrangement, adjustment of debt, relief of
debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction whether now or hereafter in effect relating to the Company or any Significant Subsidiary; or any commencement against the Company or any Significant Subsidiary of any
bankruptcy, insolvency or other proceeding which remains undismissed for a period of sixty (60) days; or the adjudication of the Company or any Significant Subsidiary as insolvent or bankrupt; or any order of relief or other order approving any
such case or proceeding is entered; or the appointment of any custodian, receiver or the like for either the Company or any Significant Subsidiary or any substantial part of either the Company’s or any Significant Subsidiary’s property
which continues undischarged or unstayed for a period of sixty (60) days; or any general assignment by either the Company or any Significant Subsidiary for the benefit of its creditors; or any failure to pay or statement in writing by either
the Company or any Significant Subsidiary indicating an inability to pay its debts generally as they become due. 

  
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 (b) If any Event of Default occurs, then upon such occurrence, in addition to all rights and
remedies of Holder under this Note, applicable law or otherwise, all such rights and remedies being cumulative, not exclusive and enforceable alternatively, successively and concurrently, Holder may, at its option, declare due any or all of the
Company’s obligations, liabilities and indebtedness owing to Holder under this Note whereupon the then unpaid aggregate balance thereof together with all accrued but unpaid interest thereon as of such date shall immediately be due and payable,
together with all expenses of collection hereof, including, but not limited to, attorneys’ fees and legal expenses (for this purpose, the Company shall pay all trial and appellate attorneys’ fees, costs and expenses, paid or incurred by
Holder in connection with collection of this Note). If the foregoing unpaid aggregate balance, accrued interest, expenses and collection costs are not paid upon demand upon the occurrence of an Event of Default (collectively, the “Default
Balance”), such Default Balance shall bear interest until paid in full at the Stated Rate plus 8.00% per annum or the maximum interest rate then permitted under applicable law (whichever is less) (the “Default Rate”).
From and after maturity of this Note (whether upon the scheduled Maturity Date, or by acceleration or otherwise), the Default Balance shall bear interest until paid in full at the Default Rate. 

Holder need not provide and the Company hereby waives any presentment, demand, protest or other notice of any kind, and Holder may
immediately and without expiration of any grace period enforce any and all of its rights and remedies hereunder and all other remedies available to it under applicable law. Such declaration may be rescinded and annulled by Holder at any time prior
to payment hereunder. 
 4. Unsecured Obligations; Senior. This Note and the amounts payable hereunder, including
principal and accrued interest shall be unsecured obligations of the Company, and shall be senior in right of payment and otherwise to all Indebtedness (as defined below) of the Company presently existing or hereinafter incurred by the Company from
time to time other than any Indebtedness secured by a lien, mortgage, pledge, charge, security interest or encumbrance on any asset of the Company (“Senior Indebtedness”), unless the instrument under which such Indebtedness is
incurred expressly provides that it is on a parity with or subordinated in right of payment to this Note, in which case such Indebtedness shall not constitute Senior Indebtedness. The Company agrees, and Holder by accepting this Note agrees, that
this Note and the amounts payable hereunder, including principal and accrued interest, are subordinated in right of payment and otherwise to the prior payment in full of all Senior Indebtedness (whether outstanding on the date hereof or hereafter
created, incurred, assumed or guaranteed), and that the subordination is for the benefit of the holders of Senior Indebtedness. Holder agrees at the request of the Company to enter into subordination agreements with holders of Senior Indebtedness
and to execute and deliver such other agreements and instruments as the Company may reasonably request from time to time as may be necessary to effectuate the intent and purposes of this Section 4. 

For purposes of this Section 4, the term “Indebtedness” means with respect to the Company, any indebtedness
of the Company, whether or not contingent, in respect of (1) borrowed money; (2) evidenced by bonds, notes, debentures or similar instruments or letters of credit, or reimbursement agreements in respect thereof; (3) banker’s
acceptances; (4) representing capital lease obligations; (5) the balance deferred and unpaid of the purchase price of any property, except any such balance that constitutes an accrued expense or trade payable; or (6) representing any
hedging obligations; if and to the extent any of the preceding, other than letters of credit and hedging obligations, would appear as a liability upon a balance sheet of the Company prepared in accordance with United States generally accepted
accounting principles. 

  
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 5. Conversion of Note. This Note shall be convertible into shares of the
Company’s common stock, par value $0.001 per share (the “Common Stock”), on the terms and conditions set forth in this Section 5. 
 (a) Conversion Right. Subject to and upon compliance with the provisions of this Note, for as long as this Note is outstanding, the Holder shall have the right, at its option to convert any portion
of the outstanding and unpaid Conversion Amount (as defined below) into fully paid and nonassessable shares of Common Stock in accordance with Section 5(c) at the Conversion Rate (as defined below). The Company shall not issue any
fraction of a share of Common Stock upon any conversion. If the issuance would result in the issuance of a fraction of a share of Common Stock, the Company shall round such fraction of a share of Common Stock up to the nearest whole share. The
Company shall pay any and all taxes that may be payable with respect to the issuance and delivery of Common Stock upon conversion of any Conversion Amount; provided that the Company shall not be required to pay any tax that may be payable in
respect of any issuance of Common Stock to any Person other than the converting Holder or with respect to any income tax due by the Holder with respect to such Common Stock. 
 (b) Conversion Rate. The number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to Section 5(a) shall be determined by dividing (x) such
Conversion Amount by (y) the Conversion Price (the “Conversion Rate”). 
 (i)
“Conversion Amount” means the sum of (A) the portion of the principal balance of this Note to be converted with respect to which this determination is being made, (B) accrued and unpaid interest with respect to such
principal balance, if any, and (C) the Default Balance (other than any amount thereof within the purview of foregoing clauses (A) or (B)), if any. 
 (ii) “Conversion Price” means, as of any Conversion Date (as defined below) or other date of determination, $[            ],
subject to adjustment as provided herein. 
 (c) Mechanics of Conversion. 

(i) Conversion. To convert any Conversion Amount into shares of Common Stock on any date (a “Conversion
Date”), the Holder shall (A) transmit by facsimile (or otherwise deliver), for receipt on or prior to 11:59 p.m., New York time, on such date, a copy of an executed notice of conversion in the form attached hereto as Exhibit A
(the “Conversion Notice”) to the Company and (B) if required by Section 5(c)(ii), surrender this Note to a common carrier for delivery to the Company as soon as practicable on or following such date (or an
indemnification undertaking with respect to this Note in the case of its loss, theft or destruction). On or before the second (2nd) Business Day (as defined below) following the date of receipt of a Conversion Notice, the Company shall transmit
by facsimile a confirmation of receipt of such Conversion Notice to the Holder and the Company’s transfer agent (the “Transfer Agent”). On or before the third (3rd) Business Day following the date of receipt of a
Conversion Notice, the Company shall cause the Transfer Agent to either issue and deliver to the address as specified in the Conversion Notice, a certificate, registered in the name of the Holder or its designee, for the number of shares of Common
Stock to which the Holder shall be entitled or register such number of shares of Common Stock on the Transfer Agent’s records in book-entry form under The Direct Registration System in the name of the Holder or its designee. If this Note is
physically surrendered for conversion as required by Section 5(c)(ii) and the outstanding principal balance of this Note is greater than the principal portion of the Conversion Amount being converted, then the Company shall as soon as
practicable and in no event later than three (3) Business Days after receipt of this Note and at its own expense, issue and deliver to the holder a new Note representing the outstanding principal balance not converted. The person or entity
entitled to receive the shares of Common Stock issuable upon a conversion of this Note shall be treated for all purposes as the record holder or holders of such shares of Common Stock on the Conversion Date. For purposes of this Note,
“Business Day” means any day other than a Saturday, a Sunday or a day on which banks are authorized by law to close in Ft. Lauderdale, Florida. 

  
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 (ii) Surrender; Record Keeping. Notwithstanding anything to the
contrary set forth herein, upon conversion of any portion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Company unless (A) the full Conversion Amount represented by
this Note is being converted or (B) the Holder has provided the Company with prior written notice (which notice may be included in a Conversion Notice) requesting reissuance of this Note upon physical surrender of this Note. The Holder and the
Company shall maintain records showing the principal balance, accrued unpaid interest, if any, and the Default Balance, if any, converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the
Company, so as not to require physical surrender of this Note upon conversion. 
 (d) Adjustment of Conversion Price. The
Conversion Price shall be adjusted from time to time as follows: 
 (i) Adjustment upon Subdivision or
Combination of Common Stock. If the Company at any time on or after the initial date of issuance of this Note subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common
Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision will be proportionately reduced. If the Company at any time on or after the initial date of issuance of this Note combines (by combination,
reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Conversion Price in effect immediately prior to such combination will be proportionately increased. Any adjustment
under this Section 5(d)(i) shall become effective at the close of business on the date the subdivision or combination becomes effective. 
 (ii) Adjustment for Dividends on Common Stock. If the Company at any time on or after the initial date of issuance of this Note declares or pays, without consideration, any dividend on the Common
Stock payable in any right to acquire Common Stock for no consideration then the Company shall be deemed to have made a dividend payable in Common Stock in an amount of shares equal to the maximum number of shares issuable upon exercise of such
rights to acquire Common Stock and the Conversion Price in effect immediately prior to such dividend will be proportionally reduced. 
 (iii) Notification of Adjustments. Upon the occurrence of each adjustment or readjustment of any Conversion Price pursuant to this Section 5(d), the Company at its expense shall
promptly compute such adjustment or readjustment in accordance with the terms hereof and prepare and furnish to Holder a notice setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment
is based. 
 (e) Mergers. In the case of any consolidation or merger of the Company with any other entity (each such
transaction, a “Merger”), the entity formed by the Merger shall succeed to the covenants, stipulations, promises and the agreements contained in this Note. In the event of a Merger, the Company shall make appropriate provisions so
that the Holder shall have the right thereafter to convert this Note into the kind and amount of securities receivable upon such Merger by the Holder of the number of securities into which this Note could have been converted immediately prior to
such Merger. This provision shall similarly apply to successive Mergers. 

  
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 (f) Distributions. In addition to and not in substitution for any other rights
hereunder, pursuant to which holders of shares of Common Stock are entitled to receive securities or other assets with respect to or in exchange for shares of Common Stock other than upon consummation of a Merger (a “Corporate
Event”), the Company shall make appropriate provision to insure that the Holder will thereafter have the right to receive upon a conversion of this Note, (i) in addition to the shares of Common Stock receivable upon such conversion,
such securities or other assets to which the Holder would have been entitled with respect to such shares of Common Stock had such shares of Common Stock been held by the Holder upon the consummation of such Corporate Event (without taking into
account any limitations or restrictions on the convertibility of this Note) or (ii) in lieu of the shares of Common Stock otherwise receivable upon such conversion, such securities or other assets received by the holders of shares of Common
Stock in connection with the consummation of such Corporate Event in such amounts as the Holder would have been entitled to receive had this Note initially been issued with conversion rights for the form of such consideration (as opposed to shares
of Common Stock) at a conversion rate for such consideration commensurate with the Conversion Rate. Provision made pursuant to the preceding sentence shall be in a form and substance satisfactory to Holder. The provisions of this
Section 5(f) shall apply similarly and equally to successive Corporate Events and shall be applied without regard to any limitations on the conversion of this Note. 

(g) Reservation. So long as this Note is outstanding, the Company shall take all action necessary to reserve and keep available
out of its authorized and unissued Common Stock, solely for the purpose of effecting the conversion of this Note, such number of shares of Common Stock as shall from time to time be necessary to effect the conversion of this Note in full.

 (h) Restricted Securities. Holder acknowledges and agrees that the shares of Common Stock (the “Conversion
Shares”) acquired upon conversion of this Note shall not be registered under the Securities Act, will constitute “restricted securities” within the meaning of Rule 144 promulgated under the Securities Act and will be subject to
restrictions on resale imposed by the Securities Act and applicable states securities laws. Holder further acknowledges and agrees that each certificate representing Conversion Shares acquired upon conversion of this Note or Conversion Shares
acquired upon conversion of this Note and registered on the Transfer Agent’s records in book-entry form under The Direct Registration System shall bear a restrictive legend or contain a notation, as applicable, substantially to the effect of
the legend on the first page hereof. 
 (i) Compliance with Applicable Laws. Holder agrees to comply with all applicable
laws, rules and regulations of all federal and state securities regulators, including but not limited to, the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and applicable state securities regulators with respect to
disclosure, filings and any other requirements resulting in any way from the issuance, transfer or conversion of this Note. 

(j) No Stockholder Rights. This Note shall not entitle Holder to any of the rights of a stockholder of the Company, including,
without limitation, the right to vote, to receive dividends and other distributions, or to receive any notice of, or to attend, meetings of stockholders or any other proceedings of the Company. This Section 5(i) shall not affect the
rights of Holder in its capacity as a stockholder of the Company upon conversion of this Note and issuance to Holder of Conversion Shares pursuant to this Section 5. 

6. No Waiver of Holder’s Rights. All payments of principal and interest shall be made without setoff, deduction or
counterclaim. No delay or failure on the part of Holder in exercising any of its remedies, powers or rights, nor any partial or single exercise of its remedies, powers or rights shall constitute a waiver thereof or of any other remedy, power or
right; and no waiver on the part of Holder of any of its remedies, powers or rights shall constitute a waiver of any other remedy, power or right. 

  
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 7. Cumulative Rights and Remedies. The rights and remedies of Holder expressed herein
are cumulative and not exclusive of any rights and remedies otherwise available under this Note or applicable law (including at equity). The election of Holder to avail itself of any one or more remedies shall not be a bar to any other available
remedies. 
 8. Successors and Assigns. This Note shall be binding upon the Company and its successors and shall inure to
the benefit of Holder and its successors and permitted assigns. This Note may not be offered, sold, assigned or otherwise transferred by Holder without the prior written consent of the Company and compliance with Section 5(i) hereof. The
term “Holder” as used herein, shall also include any permitted endorsee, assignee or other holder of this Note. 
 9.
Lost or Stolen Note. If this Note is lost, stolen, mutilated or otherwise destroyed, the Company shall execute and deliver to Holder a new senior convertible note containing the same terms, and in the same form, as this Note. In such event,
the Company may require Holder to deliver to the Company an affidavit of lost instrument and customary indemnity in respect thereof as a condition to the delivery of any such new senior convertible note. 

10. Governing Law; Dispute Resolution. This Note shall be governed by the laws of the State of Florida without regard to its
conflict of laws principles. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of Fort Lauderdale, Broward County, Florida for the adjudication of any dispute hereunder or in
connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any
such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being
served in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Note and agrees that such service shall constitute good and sufficient service of process and notice thereof.
Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY
DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS NOTE OR ANY TRANSACTION CONTEMPLATED HEREBY. 
 11.
Notices. Any and all notices or other communications or deliverables to be provided by the Company or Holder hereunder shall be made (and considered given) in accordance with the provisions of Section 4.7 of the Purchase
Agreement. 
 12. Taxes. The Company shall be solely responsible for any necessary tax or assessment relating to this
Note. 
 13. Non-circumvention. The Company hereby covenants and agrees that the Company will not, by amendment of its
Articles of Incorporation, Bylaws or through any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or
performance of any of the terms of this Note, and will at all times in good faith carry out all of the provisions of this Note and take all action as may be required to protect the rights of the Holder of this Note. 

  
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 14. Holder Agreement. Holder by its receipt and acceptance of this Note hereby agrees
to be legally bound by the provisions of this Note in all respects. 
 Signature Page Follows 

  
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 IN WITNESS WHEREOF, the undersigned has signed this Note on behalf of the
“Company” and not as a surety or guarantor or in any other capacity. 
  

			
	VAPOR CORP.
		
	By:	 	 
		 	[                            
]
		 	[Its                         ]

 Signature Page to Senior Convertible Note 

 EXHIBIT A 
 CONVERSION NOTICE 
 Reference is made to the Senior Convertible Note (the
“Note”) issued to the undersigned by Vapor Corp. (the “Company”). In accordance with and pursuant to the Note, the undersigned hereby elects to convert the Conversion Amount (as defined in the Note) of the Note
indicated below into shares of Common Stock, par value $0.001 per share, (the “Common Stock”) of the Company, as of the date specified below. 
 Date of Conversion:                      
 Aggregate Conversion Amount to be converted:                      

Please confirm the following information 
 A. Conversion Price:                      
 B. Number of shares of Common Stock to be issued:                      

C. Please issue the Common Stock into which the Note is being converted in the following name and to the following address: 

 

	
	
	 
	  
	  
	
	 

 D. Please issue the Common Stock into which the Note is being converted in the following manner (check one): 

Certificated Form:                      

Book-Entry Form under the Direct Registration System:
                     
 E. If in
Certificated Form, deliver to:                      
 F. Facsimile Number:                      
 G. E-mail Address:                      
 Authorization 
  

			
	
		
	By:	 	 
	Name:	 	
	Title:	 	

 MIA1825579094Form of Warrant

 Exhibit 10.3 

COMMON STOCK PURCHASE WARRANT 
 NEITHER THE WARRANT REPRESENTED BY THIS CERTIFICATE NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE
IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS OR
BLUE SKY LAWS. 
 VAPOR CORP. 
  

			
	 No. [        ]
	 	[                ] Shares

 THIS CERTIFIES that, for value received,
[            ], a [            ] (the “Holder”), is entitled to subscribe for and purchase from Vapor Corp., a
Nevada corporation (the “Company”), upon the terms and conditions set forth herein, at any time after the date hereof (the “Issue Date”), and before 5:00 p.m., New York City time, on
[            ] [        ], 2017 (the “Exercise Period”) up to
[            ] ([            ]) shares, $0.001 par value, of the Company (“Common Stock”), at an exercise price
of $[            ] per share (the “Exercise Price”). As used herein, the term “this Warrant” shall mean and include this Warrant and any Warrant or
Warrants hereafter issued as a consequence of the exercise or transfer of this Warrant in whole or in part. 
 This Warrant is
issued pursuant to that certain Securities Purchase Agreement of even date herewith by and between the Company and the Holder. 

The number of shares of Common Stock issuable upon exercise of the Warrant (the “Warrant Shares”) and the Exercise Price
may be adjusted from time to time as hereinafter set forth. 
 1. This Warrant may be exercised, at any time and from time to
time, during the Exercise Period, as to the whole or any lesser number of the respective whole Warrant Shares, as follows: 
 (a)
by the surrender of this Warrant (with the Form of Election at the end hereof duly executed) to the Company at its office as set forth in the Form of Election attached hereto, or at such other place as is designated in writing by the Company,
together with payment to the Company of an amount equal to the then applicable Exercise Price multiplied by the number of respective Warrant Shares for which this Warrant is being exercised. Such payment may be made by certified or bank
cashier’s check payable to the order of the Company or by wire transfer of immediately available funds to an account or accounts specified in advance by the Company; or 

 (b) by surrender of this Warrant (with the Notice of Cashless Exercise at the end hereof
duly executed) to the Company at its office as set forth in the Notice of Cashless Exercise attached hereto, or at such other place as is designated in writing by the Company, in which event the Company shall issue to the Holder the number of
Warrant Shares determined as follows: 
 X = Y (A-B)/A 
 where: 
 X = the number of Warrant Shares to be issued to the Holder. 

Y = the number of Warrant Shares with respect to which this Warrant is being exercised. 

A = the last sale price of the Common Stock for the trading day immediately prior to the date of exercise, as reported on any national
securities exchange, market or quotation system on which the Common Stock is then listed for trading or quoted. 
 B = the
Exercise Price. 
 2. Upon the exercise of the Holder’s rights to purchase Warrant Shares, either pursuant to
Section 1(a) or 1(b) above, the Holder shall be deemed to be the holder of record of the Warrant Shares issuable upon such exercise, notwithstanding that the transfer books of the Company shall then be closed or instruments representing such
Warrant Shares shall not then have been actually delivered to the Holder. For purposes of Rule 144 promulgated under the Securities Act of 1933, as amended (the “Act”), it is intended, understood and acknowledged that the Warrant
Shares issued in a cashless exercise transaction pursuant to Section 1(b) above shall be deemed to have been acquired by the Holder, and the holding period for the Warrant Shares shall be deemed to have commenced, on the Issue Date of this
Warrant. As soon as practicable after the exercise of this Warrant either pursuant to Section 1(a) or 1(b) above, the Company shall cause a statement from its transfer agent and registrar for the Common Stock (the “Transfer
Agent”) evidencing ownership of the Warrant Shares issuable upon such exercise, registered in the name of the Holder or its designee on the Transfer Agent’s records in book-entry form under The Direct Registration System, to be issued
by the Transfer Agent to the Holder. If the Warrant should be exercised in part only, the Company shall, upon surrender of this Warrant for cancellation, execute and deliver a new Warrant evidencing the right of the Holder to purchase the balance of
the Warrant Shares (or portions thereof) subject to purchase hereunder. 

  
 2 

 3. The Company shall register this Warrant, upon records to be maintained by the Company for
that purpose (the “Warrant Register”), in the name of the record holder from time to time. The Company shall be entitled to treat the registered holder of any Warrant on the Warrant Register as the owner in fact thereof for all
purposes and shall not be bound to recognize any equitable or other claim to or interest in such Warrant on the part of any other person, and shall not be liable for any registration or transfer of Warrants which are registered or to be registered
in the name of a fiduciary or the nominee of a fiduciary unless made with the actual knowledge that a fiduciary or nominee is committing a breach of trust in requesting such registration or transfer, or with the knowledge of such facts that its
participation therein amounts to bad faith. This Warrant shall be transferable only on the books of the Company upon delivery thereof duly endorsed by the Holder or by his duly authorized attorney or representative, or accompanied by proper evidence
of succession, assignment, or authority to transfer. In all cases or transfer by an attorney, executor, administrator, guardian, or other legal representative, duly authenticated evidence of his or its authority shall be produced. Upon any
registration of transfer, the Company shall promptly deliver a new Warrant or Warrants to the person entitled thereto. The Company shall have no obligation to cause Warrants to be transferred on its books to any person if, in the opinion of counsel
to the Company, such transfer does not comply with the provisions of the Act, and the rules and regulations promulgated thereunder. 
 4. The Company shall at all times reserve and keep available out of its authorized and unissued Common Stock, solely for the purpose of providing for the exercise of the rights to purchase all Warrant
Shares granted pursuant to this Warrant, such number of shares of Common Stock as shall, from time to time, be sufficient therefor. The Company covenants that all shares of Common Stock issuable upon exercise of this Warrant, upon receipt by the
Company of the full Exercise Price therefor if such exercise is pursuant to Section 1(a) above, or upon receipt by the Company of the Notice of Cashless Exercise duly executed if such exercise is pursuant to Section 1(b) above, shall be
duly authorized, validly issued, fully paid, nonassessable, and free of preemptive rights. 
 5. (a) In case the Company shall
at any time after the date this Warrant was first issued (i) declare a dividend on the outstanding shares of its Common Stock payable in shares of its capital stock, (ii) subdivide the outstanding shares of its Common Stock,
(iii) combine the outstanding shares of its Common Stock into a smaller number of shares, or (iv) issue any shares of its capital stock by reclassification of the Common Stock (including any such reclassification in connection with a
consolidation or merger in which the Company is the continuing corporation), then, in each case, the Exercise Price, and the number of Warrant Shares issuable upon exercise of this Warrant, in effect at the time of the record date for such dividend
or of the effective date of such subdivision, combination, or reclassification, shall be proportionately adjusted so that the Holder after such time shall be entitled to receive the aggregate number and kind of shares which, if such Warrant had been
exercised immediately prior to the record date therefor, he would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination, or reclassification. Such adjustment shall be made successively
whenever any event listed above shall occur. 
 (b) No adjustment in the Exercise Price shall be required if such adjustment is
less than $.01; provided, however, that any adjustments which by reason of this Section 5 are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this
Section 5 shall be made to the nearest cent or to the nearest one-thousandth of a share, as the case may be. 

  
 3 

 (c) In any case in which this Section 5 shall require that an adjustment in the
Exercise Price be made effective as of a record date for a specified event, the Company may elect to defer, until the occurrence of such event, issuing to the Holder, if the Holder exercised this Warrant after such record date, the shares of Common
Stock, if any, issuable upon such exercise over and above the shares of Common Stock, if any, issuable upon such exercise on the basis of the Exercise Price in effect prior to such adjustment; provided, however, that the Company shall
deliver to the Holder a due bill or other appropriate instrument evidencing the Holder’s right to receive such additional shares upon the occurrence of the event requiring such adjustment. 

(d) Whenever there shall be an adjustment as provided in this Section 5, the Company shall promptly cause written notice thereof to
be sent by registered mail, postage prepaid, to the Holder, at its address as it shall appear in the Warrant Register, which notice shall be accompanied by an officer’s certificate setting forth the number of Warrant Shares purchasable upon the
exercise of this Warrant and the Exercise Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment and the computation thereof, which officer’s certificate shall be conclusive evidence of the
correctness of any such adjustment absent manifest error. 
 6. (a) In case of any consolidation with or merger of the Company
with or into another entity (other than a merger or consolidation in which the Company is the surviving or continuing entity), or in case of any sale, lease, or conveyance to another entity of the property and assets of any nature of the Company as
an entirety or substantially as an entirety, such successor, leasing, or purchasing entity, as the case may be, shall (i) execute with the Holder an agreement providing that the Holder shall have the right thereafter to receive upon exercise of
this Warrant solely the kind and amount of shares of stock and other securities, property, cash, or any combination thereof receivable upon such consolidation, merger, sale, lease, or conveyance by a holder of the number of shares of Common Stock
for which this Warrant might have been exercised immediately prior to such consolidation, merger, sale, lease, or conveyance and (ii) take or cause to be taken all necessary stockholder and corporate action, including amending its Articles of
Incorporation or otherwise, required to effect such agreement. Such agreement shall provide for adjustments which shall be as nearly equivalent as practicable to the adjustments in Section 5. 

(b) In case of any reclassification or change of the shares of Common Stock issuable upon exercise of this Warrant (other than a change
in par value, or from no par value to a specified par value, or as a result of a subdivision or combination, but including any change in the shares into two or more classes or series of shares), or in case of any consolidation or merger of another
entity into the Company in which the Company is the continuing entity and in which there is a reclassification or change (including a change to the right to receive cash or other property) of the shares of Common Stock (other than a change in par
value, or from no par value to a specified par value, or as a result of a subdivision or combination, but including any change in the shares into two or more classes or series of shares), the Holder shall have the right thereafter to receive upon
exercise of this Warrant solely the kind and amount of shares of stock and other securities, property, cash, or any combination thereof receivable upon such reclassification, change, consolidation, or merger by a holder of the number of shares of
Common Stock for which this Warrant might have been exercised immediately prior to such reclassification, change, consolidation, or merger. Thereafter, appropriate provision shall be made for adjustments which shall be as nearly equivalent as
practicable to the adjustments in Section 5. 

  
 4 

 (c) In the event that the Company (i) issues as a dividend or other similar
distribution (an “Extraordinary Dividend”) on all of its then outstanding Common Stock, (A) securities of the Company of a class other than Common Stock, (B) rights, warrants or options (individually, a
“Right” and collectively, the “Rights”) to acquire any securities of the Company (including Common Stock) or (C) evidences of its indebtedness or assets, or (ii) issues any dividend or other similar
distribution (a “Secondary Extraordinary Dividend”) on any such securities in the form of securities of the Company (including Common Stock) (any securities (other than Rights) issued as an Extraordinary Dividend or Secondary
Extraordinary Dividend or issued upon exercise of any Rights issued as an Extraordinary Dividend or Secondary Extraordinary Dividend shall be referred to as “Dividend Securities”): 

(x) this Warrant shall thereafter be exercisable for (1) the original number of shares of Common Stock (subject to adjustment as
herein provided), (2) such Dividend Securities and Rights as would theretofore have been issued in respect of such shares (adjusted as herein provided) had such shares been outstanding at the time of such Extraordinary Dividend, and
(3) any Dividend Securities that would theretofore have been issued as a Secondary Extraordinary Dividend in respect of such Dividend Securities had such Dividend Securities been outstanding at the time of such Secondary Extraordinary Dividend;
and 
 (y) any Right issued as an Extraordinary Dividend or a Secondary Extraordinary Dividend shall (1) expire upon the
later of (a) the original expiration date of such Right or (b) the 180th day following the exercise of this Warrant, and (2) be exercisable for (a) the Dividend Securities issuable upon exercise of such Right and (b) any
property theretofore issued as a Secondary Extraordinary Dividend in respect of such Dividend Securities. 
 (d) In the event
that at any time while this Warrant is outstanding, the Company shall offer to sell to all of the holders of Common Stock as a class, rights or options to purchase Common Stock or rights or options to purchase any stock or securities convertible
into or exchangeable for Common Stock (such exchangeable or convertible stock or securities being herein called “Convertible Securities”), whether or not such rights or options are immediately exercisable, and the price per share
for which Common Stock is issuable upon the exercise of such rights or options or upon conversion or exchange of such Convertible Securities (determined by dividing (i) the total amount received or receivable by the Company upon issuance and
sale of such rights or options, plus the aggregate amount of additional consideration payable to the Company upon the exercise of all such rights or options, plus, in the case of rights or options which relate to Convertible Securities, the
aggregate amount of additional consideration, if any, payable upon the conversion or exchange of all such Convertible Securities, by (ii) the total maximum number of shares of Common Stock issuable upon the exercise of all such rights or
options or upon the conversion or exchange of all such Convertible Securities issuable upon the exercise of all such rights or options) shall be less than the Exercise Price in effect immediately prior to the initial sale of any such rights or
options, the Company shall offer to sell to the Holder, at the price and upon the terms at which such rights or options are offered to holders of its Common Stock, such number of such rights or options as the Holder would have been entitled to
purchase had the Holder exercised this Warrant immediately prior to the commencement of the offering of such rights or options. 

  
 5 

 (e) The above provisions of this Section 6 shall similarly apply to successive
reclassifications and changes of shares of Common Stock and to successive consolidations, mergers, sales, leases, or conveyances. 
 7. In case at any time the Company shall propose: 
 (a) to pay any dividend or make
any distribution on shares of Common Stock in shares of Common Stock or make any other distribution (other than regularly scheduled cash dividends which are not in a greater amount per share than the most recent such cash dividend) to all holders of
Common Stock; or 
 (b) to issue any rights, warrants, or other securities to all holders of Common Stock entitling them to
purchase any additional shares of Common Stock or any other rights, warrants, or other securities; or 
 (c) to effect any
reclassification or change of outstanding shares of Common Stock, or any consolidation, merger, sale, lease, or conveyance, described in Section 6; or 
 (d) to effect any liquidation, dissolution, or winding-up of the Company; or 
 (e)
to take any other action which under the express terms of this Warrant would cause an adjustment to the Exercise Price; 
 then, and in any one
or more of such cases, the Company shall give written notice thereof, by registered mail, postage prepaid, to the Holder at the Holder’s address as it shall appear in the Warrant Register, mailed at least 30 days prior to (i) the date as
of which the holders of record of shares of Common Stock to be entitled to receive any such dividend, distribution, rights, warrants, or other securities are to be determined, (ii) the date on which any such reclassification, change of
outstanding shares of Common Stock, consolidation, merger, sale, lease, conveyance, liquidation, dissolution, or winding-up is expected to become effective, and the date as of which it is expected that holders of record of shares of Common Stock
shall be entitled to exchange their shares for securities or other property, if any, deliverable upon such reclassification, change of outstanding shares, consolidation, merger, sale, lease, conveyance of property, liquidation, dissolution, or
winding-up, or (iii) the date of such action which would require an adjustment to the Exercise Price. 
 8. The issuance of
any Warrant Shares or other securities upon the exercise of this Warrant, and the delivery of certificates or other instruments representing such shares or other securities, shall be made without charge to the Holder for any tax or other charge in
respect of such issuance. The Company shall not, however, be required to pay any tax which may be payable in respect of any transfer involved in the issue and delivery of any certificate or other instrument in a name other than that of the Holder
and the Company shall not be required to issue or deliver any such certificate or instrument unless and until the person or persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the
satisfaction of the Company that such tax has been paid. 

  
 6 

 9. Any certificate evidencing the Warrant Shares issued upon exercise of the Warrant and
registered in the name of the Holder or its designee on the Transfer Agent’s records in book-entry form under The Direct Registration System shall contain the following notation: 

“THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN
RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS OR BLUE SKY
LAWS.” 
 10. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction, or
mutilation of any Warrant (and upon surrender of any Warrant if mutilated), and upon reimbursement of the Company’s reasonable incidental expenses, the Company shall execute and deliver to the Holder thereof a new Warrant of like date, tenor,
and denomination. 
 11. The Holder of this Warrant shall not have, solely on account of such status, any rights of a
stockholder of the Company, either at law or in equity, or to any notice of meetings of stockholders or of any other proceedings of the Company, except as provided in this Warrant. 

12. Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be mailed by certified
mail, return receipt requested or sent by Federal Express, Express Mail, or similar overnight delivery or courier service or delivered (in person or by telecopy, telex, or similar telecommunications equipment) against receipt to the party to whom it
is to be given, if sent to the Company, at: 3001 Griffin Road, Dania Beach, Florida 33312, Attention: Corporate Secretary; or if sent to the Holder, at the Holder’s address as it shall appear on the Warrant Register; or to such other address as
the party shall have furnished in writing in accordance with the provisions of this Section 12. Any notice or other communication given by certified mail shall be deemed given five days after the time of certification thereof, except for a
notice changing a party’s address which will be deemed given at the time of receipt thereof. Any notice given by other means permitted by this Section 12 shall be deemed given at the time of receipt thereof. 

13. This Warrant shall be binding upon the Company and its successors and assigns and shall inure to the benefit of the Holder and its
successors and assigns. 
 14. This Warrant shall be construed in accordance with the laws of the State of Florida applicable to
contracts made and performed within such State, without regard to principles of conflicts of law, except to the extent that the Nevada Revised Corporation Law may govern by virtue of the fact that the Company is incorporated under the laws of the
State of Nevada. 

  
 7 

 15. Each of the Company and the Holder irrevocably consents to the exclusive jurisdiction of
the state and federal courts sitting in the City of Fort Lauderdale, Broward County, Florida in connection with any action or proceeding arising out of or relating to this Warrant, any document or instrument delivered pursuant to, in connection with
or simultaneously with this Warrant, or a breach of this Warrant or any such document or instrument. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by
mailing a copy thereof to such party at the address for such notices to it under this Note and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in
any way any right to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT
OF THIS NOTE OR ANY TRANSACTION CONTEMPLATED HEREBY. Holder by its receipt and acceptance of this Warrant hereby agrees to be legally bound by the provisions of this Warrant in all respects. 

16. The Company shall not be required to issue or cause to be issued fractional Warrant Shares on the exercise of this Warrant. If any
fraction of a Warrant Share would, except for the provisions of this Section, be issuable upon exercise of this Warrant, the number of Warrant Shares to be issued will be rounded up to the nearest whole share. 

17. The Company hereby covenants and agrees that the Company will not, by amendment of its Articles of Incorporation, Bylaws or through
any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant,
and will at all times in good faith carry out all of the provisions of this Warrant and take all action as may be required to protect the rights of the Holder. 
 18. Put Option. 
 (a) If a Cash Transaction occurs, the Holder hereof shall have
the option (the “Put Option”) to sell to the Company all of the shares of Common Stock represented by this Warrant, for a purchase price equal to the product of (i) the number of shares of Common Stock represented by this
Warrant multiplied by (ii) (A) the per share cash amount paid to each holder of Common Stock in respect of such Cash Transaction minus (B) the Exercise Price per Warrant Share. 

For purposes of this Section 18, a “Cash Transaction” means (i) a consolidation or merger to which the Company
is a party (other than a Primary Merger), (ii) any sale or other conveyance of all or substantially all of the assets of the Company, or (iii) any cash tender offer or similar transaction for all or part of the Common Stock, and in each
such case all of the consideration paid to the holders of Common Stock in respect of such transaction is comprised of cash. 

  
 8 

 For purposes of this Section 18, a “Primary Merger” is any
consolidation or merger in which the Company is the surviving corporation other than any such consolidation or merger in which the persons who held Common Stock immediately prior to the approval of such transaction by the Company’s stockholders
do not continue to hold a majority of such Common Stock after such transaction becomes effective. 
 (b) The Company shall
provide the Holder hereof with notice of any Cash Transaction at the same time and in the same manner that notice thereof is provided to holders of Common Stock; provided that if the Company provides notice to the holders of Common Stock of such
Cash Transaction less than twenty (20) calendar days prior to the effective date thereof, the Company shall be required to provide the Holder hereof with notice of such Cash Transaction at least twenty (20) calendar days prior to the
effective date thereof. If the Holder hereof exercises the Put Option, it shall provide notice thereof to the Company no less than ten (10) calendar days prior to the consummation of such Cash Transaction. 

(c) Payment for the Put Option shall be paid to the Holder hereof at the same time and in the same manner as the holders of Common Stock
receive their distributions of cash with respect to such Cash Transaction. In the event that the amount of the cash payment to any holder of Common Stock in respect of any Cash Transaction increases after the initial payment in respect thereof, the
Company shall pay the ratable amount of such increase attributable to this Warrant to the Holder hereof. Any payment required pursuant to this Section 17 may, at the option of the Holder, be made by check payable to the order of the Holder
hereof duly mailed or delivered to its registered address or, if requested by the Holder hereof, by wire transfer of federal or other immediately available funds to its account at any bank or trust company in the United States of America.

 (d) In the event that (i) any consolidation or merger in respect of which the Put Option shall have been exercised does
not become effective, (ii) shares of securities into which this Warrant is exercisable are not purchased pursuant to any tender offer in respect of which the Put Option shall have been exercised, or (iii) any holder of securities into
which this Warrant is exercisable shall have the right to withdraw securities deposited pursuant to any tender offer in respect of which the Put Option shall have been exercised (any such event specified in clause (i), (ii) or (iii) being
hereinafter referred to as a “Withdrawal”), within sixty (60) days after the occurrence of such Withdrawal, the Holder hereof shall have the right to rescind the exercise of the Put Option. 

[Signature page follows] 

  
 9 

							
	Dated: [            ] [        ], 2012	 		 	VAPOR CORP.
				
		 		 	By:	 	 
		 		 		 	 Name:

Title:

 [WARRANT SIGNATURE PAGE] 

 FORM OF ASSIGNMENT 
 (To be executed by the registered holder if such holder desires to transfer the attached Warrant.) 
 FOR VALUE RECEIVED,                     hereby sells, assigns, and transfers unto
                    a Warrant to purchase shares of common stock, $0.001 par value, of Vapor Corp., a Nevada corporation (the
“Company”), together with all right, title, and interest therein, and does hereby irrevocably constitute and appoint
                    attorney to transfer such Warrant on the books of the Company, with full power of substitution. 

Dated:                      

Signature                    

 NOTICE 
 The signature on the foregoing Assignment must correspond to the name as written upon the face of this Warrant in every particular, without alteration or enlargement or any change whatsoever. 

  
 11 

	To:	Vapor Corp. 

 3001 Griffin Road,
Dania Beach, Florida 33312 
 Attention: Corporate Secretary 

ELECTION TO EXERCISE 
 The undersigned hereby exercises its rights to purchase                     Warrant Shares covered by
the within warrant and tenders payment herewith in the amount of $            in accordance with the terms thereof, and requests that such Warrant Shares be issued and registered in the
name of the person specified below on the Transfer Agent’s records in book-entry form under The Direct Registration System: 
  

 
  

 
  

 
 (Print Name, Address and Social
Security 
 or Tax Identification Number) 
 and, if such number of Warrant Shares shall not be all the Warrant Shares covered by the within Warrant, that a new Warrant for the balance of the Warrant Shares covered by the within Warrant be
registered in the name of, and delivered to, the undersigned at the address stated below. 
  

									
	Dated:	 	 	 		 	Name	 	 
		 		 		 		 	(Print)
	Address:	 	 
					
		 		 		 		 	 
		 		 		 		 	(Signature)

  
 12 

	To:	Vapor Corp. 

 3001 Griffin Road,
Dania Beach, Florida 33312 
 Attention: Corporate Secretary 

NOTICE OF CASHLESS EXERCISE 
 (To be executed upon exercise of Warrant 
 pursuant to Section 1(b))

 The undersigned hereby irrevocably elects to exchange its Warrant for
            Warrant Shares pursuant to the cashless exercise provisions of the within Warrant, as provided for in Section 1(b) of such Warrant, and requests that a certificate or
certificates for such Warrant Shares be issued in the name of and delivered to: 
  

 
  

 
  

 
 (Print Name, Address and Social
Security 
 or Tax Identification Number) 
 and, if such number of Warrant Shares shall not be all the Warrant Shares which the undersigned is entitled to purchase in accordance with the within Warrant, that a new Warrant for the balance of the
Warrant Shares covered by the within Warrant be registered in the name of, and delivered to, the undersigned at the address stated below. 
  

									
	Dated:	 	 	 		 	Name	 	 
		 		 		 		 	(Print)
	Address:	 	 
					
		 		 		 		 	 
		 		 		 		 	(Signature)

 MIA1825614164 

  
 13

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