SEC Contract Filing

Filing Date: 2016-01-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.26
<SEQUENCE>5
<FILENAME>f10k2015ex10xxvi_vape.htm
<DESCRIPTION>SHARE EXCHANGE UNWIND AGREEMENT
<TEXT>
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<P STYLE="margin: 0pt 0; text-align: right; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit 10.26</B></FONT></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SHARE
EXCHANGE</B><BR>
<B>UNWIND AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THIS
SHARE EXCHANGE UNWIND AGREEMENT (&ldquo;Unwind Agreement&rdquo;)</B> is made effective as of this _12<SUP>th</SUP> ___ day of
January, 2016 by and between <B>VAPE Holdings, Inc.</B>, a Delaware corporation (&ldquo;<B>VAPE</B>&rdquo;) and <B>BetterChem
Consulting, Inc.</B>, a Pennsylvania corporation (&ldquo;<B>BetterChem</B>&rdquo;), and <B>Mark Scialdone</B>, an individual (&ldquo;<B>Scialdone</B>&rdquo;).
VAPE, BetterChem, and Scialdone, each a Party, may be collectively referred to herein as the Parties.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RECITALS</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
prior to the Share Exchange Agreement (defined below) Scialdone, owned 100% of the issued and outstanding common stock of BetterChem;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
on July 1, 2015, the Parties entered into a <B>Share Exchange Agreement</B> attached hereto as <U>Exhibit A</U> and incorporated
by reference herein, whereby VAPE acquired 80 shares of BetterChem common stock from BetterChem sole shareholder Scialdone representing
a controlling 80% of the issued and outstanding shares of common stock of BetterChem (the &ldquo;<B>BetterChem Shares</B>&rdquo;),
in exchange for up to 400,000 shares of voting common stock, par value $0.00001 per share, of VAPE (the &ldquo;<B>VAPE Common
Stock</B>&rdquo;), as set forth in <U>Schedule 1</U> thereto (the &ldquo;<B>VAPE Shares</B>&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
on or about July 1, 2015, pursuant to the terms of the Share Exchange Agreement, Scialdone transferred the BetterChem Shares to
VAPE;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
on or about July 1, 2015, pursuant to the terms of the Share Exchange Agreement, VAPE issued 250,000 restricted shares of Vape
Common Stock to Scialdon;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B>,
pursuant to the terms set forth in <U>Schedule 1</U> of the Share Exchange Agreement, due to the uncertain nature of the valuation
of BetterChem, VAPE granted Scialdone a nonassignable contingent contractual right to receive up to 150,000 shares of VAPE Common
Stock representing the balance of the VAPE Shares, contingent on the future gross revenues of BetterChem as follows:</FONT></P>

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