On January 24, 2015, Vapor Corp. and Knight Global Services, LLC mutually agreed to terminate that certain consulting agreement entered into between the parties on February 3, 2014. The company and Knight Global mutually agreed to terminate the Consulting Agreement based on the determination that it was in the best interests of both parties to do so.

As a result of such termination, the company will issue 50,000 shares of its common stock to Knight Global pursuant to the early termination provisions of the Consulting Agreement.