Exhibit 10.1

MINDBODY, Inc.
4051 Broad Street, Suite 220
San Luis Obispo, CA 93401
Michael Mansbach
c/o MINDBODY, Inc.
Re:            EXECUTIVE EMPLOYMENT AGREEMENT
Dear Michael:
Your employment with MINDBODY, Inc., a Delaware corporation (the “Company”),
shall be governed by the following terms and conditions (this “Agreement”):
1.Duties and Scope of Employment.

(a)Term. Your anticipated start date is expected to be June 19, 2017 and this
Agreement will be effective as of your actual start date (the “Effective Date”)
and will continue through the three (3) year anniversary of the Effective Date
(the “Initial Term Expiration Date” and such period, the “Initial Term”);
provided that upon the Initial Term Expiration Date, and each subsequent three
(3) year anniversary of such date, if applicable, the term of your employment
under this Agreement will automatically by extended by three (3) years (each
such extension, an “Additional Term”), unless either party hereto provides the
other party with written notice as least ninety (90) days before the Initial
Term Expiration Date, or such subsequent three (3) year anniversary of such
date, if applicable, of such party’s decision not to extend the term of
employment under this Agreement any further. Notwithstanding the foregoing
provisions of this paragraph, (a) if a Change in Control occurs when there are
fewer than twelve (12) months remaining during the Initial Term or an Additional
Term, the term of this Agreement will extend automatically through the date that
is twelve (12) months following the effective date of the Change in Control, or
(b) if an initial occurrence of an act or omission by the Company constituting
the grounds for Good Reason (as defined below) has occurred (the “Initial
Grounds”), and the expiration date of the Company cure period (as such term is
used in the Good Reason definition) with respect to such Initial Grounds could
occur following the expiration of the Initial Term or an Additional Term, then
unless otherwise agreed to by you and the Company in writing, the term of this
Agreement will extend automatically through the date that is thirty (30) days
following the expiration of such cure period, but such extension of the term
shall only apply with respect to the Initial Grounds. If you become entitled to
benefits under Section 6(b) during the term of this Agreement, the Agreement
will not terminate until all of the obligations of the parties hereto with
respect to this Agreement have been satisfied. Notwithstanding the forgoing,
your employment under this Agreement may be terminated at any time before or
after the Initial Term Expiration Date or during any Additional Term, in
accordance with Section 5 below. For avoidance of doubt, the decision by either
party not to extend the term of employment under this Agreement will not by
itself constitute a termination of employment by the Company without Cause (as
defined below) or grounds for your resignation for Good Reason (as defined
below), and unless determined otherwise by you or the Company, after such
non-renewal, your employment will continue on an at-will basis outside of this
Agreement and you will not be eligible for any severance under this Agreement.

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(b)Position and Responsibilities. For the term of your employment under this
Agreement (the “Employment Period”), the Company agrees to employ you in the
position of President. You will report to the Chief Executive Officer of the
Company. You will perform the duties and have the responsibilities and authority
customarily performed and held by an employee in your position or as otherwise
may be assigned or delegated to you by the Chief Executive Officer.

(c)Obligations to the Company. During the Employment Period, you shall perform
your duties faithfully and to the best of your ability and will devote your full
business efforts and time to the Company. During the Employment Period, without
the prior written approval of the Company’s Board of Directors (the “Board”),
you shall not render services in any capacity to any other person or entity and
shall not act as a sole proprietor or partner of any other person or entity or
own more than five percent (5%) of the stock of any other corporation, except
that stock that you hold as a passive investment in a non-competitive company
will be exempt from this limitation. Notwithstanding the foregoing, you may
serve on corporate boards of a non-competitive company, civic or charitable
boards or committees, deliver lectures, fulfill speaking engagements, teach at
educational institutions, or manage personal or family investments without such
advance written consent; provided that, with respect to corporate boards, you
notify the Board in advance and such positions are not in conflict with the
interests of the Company, and with respect to such other activities, they do not
individually or in the aggregate materially interfere with the performance of
your duties under this Agreement. You shall comply with the Company’s policies
and rules, as they may be in effect from time to time and provided to you during
the Employment Period.

(d)No Conflicting Obligations. You represent and warrant to the Company that you
are under no obligations or commitments, whether contractual or otherwise, that
are inconsistent with your obligations under this Agreement. In connection with
your employment, you shall not knowingly use or disclose any trade secrets or
other proprietary information or intellectual property in which you or any other
person has any right, title or interest and to the best of your knowledge, your
employment during the Employment Period will not infringe or violate the rights
of any other person. You represent and warrant to the Company that you have
returned all property and confidential information belonging to any prior
employer.

2.Cash and Incentive Compensation.

(a)Base Salary. The Company shall pay you as compensation for your services a
base salary at a gross annual rate of $400,000, less all required tax
withholdings and other applicable deductions, in accordance with the Company’s
standard payroll procedures. The annual compensation specified in this
subsection (a), together with any modifications in such base compensation that
the Company may make from time to time, is referred to in this Agreement as your
“Base Salary.” Your Base Salary will be subject to review and adjustments that
will be made based upon the Company’s normal performance review practices.
Effective as of the date of any change to your Base Salary, the Base Salary as
so changed shall be considered the new Base Salary for all purposes of this
Agreement.

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(b)Cash Incentive Bonus. You will be eligible to receive incentive payments
under the Company’s Executive Bonus Plan or other applicable bonus plan in use
by the Company (the “Cash Bonus”), paid after the close of the applicable
performance period based upon performance of the Company relative to financial
and other performance goals as reasonably established by, and in the sole
discretion of, the Board or any Compensation Committee of the Board (the
“Committee”), as applicable. The target amount for your Cash Bonus will be 75%
of your Base Salary (your “Target Bonus”), but pro-rated based on the portion of
2017 that you were employed by the Company, less all required tax withholdings
and other applicable deductions. Your Target Bonus for any subsequent year may
be adjusted up or down, as determined in the sole discretion of the Board or the
Committee, as applicable. Except as otherwise set forth in the applicable bonus
plan, you shall not earn a Cash Bonus, unless you are employed by the Company on
the date when such Cash Bonus is actually paid by the Company. In addition, the
Board and/or the Committee reserves the right to pay discretionary bonuses in
its sole discretion.

(c)Equity Awards. It will be recommended at the next regularly scheduled meeting
of the Board or the Committee, as applicable, after your start date that you be
granted (i) 58,002 Restricted Stock Units (“RSUs”) and (ii) a stock option
covering 130,847 shares (the “Option”). If approved, (A) the RSUs will vest and
settle over an approximate four-year annual vesting schedule, with one-fourth
(1/4th) of the RSUs vesting on each annual Company vesting date, subject to you
continuing to provide services to the Company through the relevant vesting
dates, (B) the Option will vest as to twenty-five percent (25%) of the shares
subject to the Option one (1) year after the vesting commencement date, and as
to one forty-eighth (1/48th) of the shares subject to the Option monthly
thereafter subject to you continuing to provide services to the Company through
the relevant vesting dates and (C) the exercise price per share of the Option
will be equal to the fair market value per share on the date the Option is
granted. The term of the Option shall be ten (10) years, subject to earlier
expiration in the event of the termination of your services to the Company.
Participation in MINDBODY’s 2015 Equity Incentive Plan (the “Plan”) is subject
to the Plan and any amendments thereto, and conditioned upon your execution of a
restricted stock unit agreement (the “RSU Agreement”) and a stock option
agreement (the “Option Agreement”).  The terms and conditions of the RSUs are
governed by the Plan and the RSU Agreement. The terms and conditions upon which
the Option may be exercised, including, if at all, after termination of your
employment, are governed by the Plan and the Option Agreement.

You will continue to be eligible to receive awards of stock options, restricted
stock, restricted stock units, stock appreciation rights, performance units and
performance shares or other equity awards (“Awards”) pursuant to any plans or
arrangements the Company may have in effect from time to time. The Board or the
Committee will determine in its discretion whether you will be granted any such
Awards and the terms of any such Award in accordance with the terms of any
applicable plan or arrangement that may be in effect from time to time.
3.Paid Time Off and Employee Benefits. During the Employment Period, you shall
be eligible to participate in the Company’s executive time off plan. During the
Employment Period, you shall be eligible to participate in the employee benefit
plans maintained by the Company and generally available to similarly situated
employees of the Company, subject in each case to the generally applicable terms
and conditions of the plan in question and to the determinations of any person
or committee administering such employee benefit plan. The Company reserves the
right to cancel or change the employee benefit plans and programs it offers to
its employees at any time.

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4.Business Expenses. The Company will reimburse you for your necessary and
reasonable business expenses incurred in connection with your duties hereunder,
including reasonable travel expenses, upon presentation of an itemized account
and appropriate supporting documentation, all in accordance with the Company’s
generally applicable policies. Any reimbursements deemed taxable will be subject
to regular withholdings.

5.Termination.

(a)Employment at Will. Your employment shall be “at will,” meaning that either
you or the Company shall be entitled to terminate your employment at any time
and for any reason, with or without Cause or notice. Any contrary
representations that may have been made to you shall be superseded by this
Agreement. This Agreement shall constitute the full and complete agreement
between you and the Company on the “at-will” nature of your employment, which
may only be changed in an express written agreement signed by you and a duly
authorized officer of the Company.

(b)Rights Upon Termination. Except as expressly provided in Section 6, upon the
termination of your employment, you shall only be entitled to the accrued but
unpaid base salary compensation, any earned but unpaid Cash Bonus for the fiscal
year preceding the fiscal year in which such termination of employment occurs
and other benefits earned and the reimbursements described in this Agreement or
under any Company-provided plans, policies, and arrangements for the period
preceding the effective date of the termination of employment.

6.Termination Benefits.

(a)Termination Without Cause, Resignation for Good Reason or Termination on
Account of Death or Disability Unrelated to a Change in Control. If outside of
the Change in Control Period, the Company (or any parent or subsidiary or
successor of the Company) terminates your employment with the Company without
Cause, you resign from your employment for Good Reason, or your employment
terminates on account of your death or disability (each, a “Qualifying
Termination”), then, in each case, subject to Section 7 you will be entitled to:

(i)receive continuing payments of severance pay at a rate equal to your Base
Salary, as then in effect, for twelve (12) months from the date of such
termination of employment (the Continuation Period”). Severance payments under
this subsection (i) will be reduced by all required tax withholdings and other
applicable deductions and will be paid in accordance with the Company’s regular
payroll procedures commencing on the Release Deadline (as defined in Section
7(a)); provided that the first payment shall include any amounts that would have
been paid to you if payment had commenced on the date of your separation from
service;

(ii)if you timely elect continuation coverage pursuant to the Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) for you and your
eligible dependents, within the time period prescribed pursuant to COBRA, the
Company will reimburse you for the COBRA premiums for such coverage (at the
coverage levels in effect immediately prior to your termination of employment)
for you and your covered dependents until the earliest of (A) twelve (12) months
from the date of such termination of employment, (B) the expiration of your
continuation coverage under COBRA or (C) the date when you receive substantially
equivalent health insurance coverage in connection with new employment or
self-employment; provided that such benefits shall be taxable to you to the
extent advisable under Section 105(h) of the Code;

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(iii)Notwithstanding Section 6(a)(ii), if the Company determines in its sole
discretion that it cannot provide the COBRA benefit without potentially
violating, or being subject to an excise tax under, applicable law (including,
without limitation, Section 2716 of the Public Health Service Act), the Company
will in lieu thereof provide you a taxable payment, payable on the same schedule
as payments under Section 6(a)(i), in an aggregate amount equal to the twelve
(12) months of the COBRA premium that you would be required to pay to continue
your group health coverage in effect on the termination of employment date
(which amount will be based on the premium for the first month of COBRA
coverage), which payments will be made regardless of whether you elect COBRA
continuation coverage. For the avoidance of doubt, the taxable payments in lieu
of COBRA reimbursements may be used for any purpose, including, but not limited
to continuation coverage under COBRA, and will be subject to all applicable tax
withholdings; and

(iv)If the Qualifying Termination meets the criteria of a New CEO Qualifying
Termination, then time-based shares subject to Awards will accelerate and vest
as if you completed an additional 18 months of service after the New CEO
Qualifying Termination date.

(b)Termination Without Cause, Resignation for Good Reason or Termination on
Account of Death or Disability in Connection with a Change in Control. If during
the Change in Control Period, you experience a Qualifying Termination, then
subject to Section 7, you will be entitled to the benefits as provided in
Section 6(a) and additionally 100% of the then-unvested shares subject to Awards
shall immediately vest. If, however, an outstanding Award is to vest, and/or the
number of shares or amount of the Award to vest is to be determined based on the
achievement of performance criteria, then the Award will vest as to
then-outstanding shares the number of shares or the amount of the Award assuming
the performance criteria had been achieved at 100% of target levels for the
relevant performance period(s).

(c)Termination for Cause or Resignation without Good Reason. If your employment
with the Company (or any parent or subsidiary or successor of the Company)
terminates voluntarily by you without Good Reason, or for Cause by the Company,
then (i) all vesting will terminate immediately with respect to your outstanding
Awards; (ii) all payments of compensation by the Company to you hereunder will
terminate immediately (except as to amounts already earned); and (iii) you will
only be eligible for severance benefits in accordance with the Company’s
established policies, if any, as then in effect.

(d)Exclusive Remedy. In the event of a termination of your employment with the
Company (or any parent or subsidiary or successor of the Company), the
provisions of this Section 6 are intended to be and are exclusive and in lieu of
any other rights or remedies to which you or the Company may otherwise be
entitled, whether at law, tort or contract, in equity, or under this Agreement,
except to the extent explicitly preserved hereunder. You will be entitled to no
severance or other benefits upon termination of employment with respect to
acceleration of Award vesting or severance pay other than those benefits
expressly set forth in this Section 6.

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7.Conditions to Receipt of Severance; No Duty to Mitigate.

(a)Separation Agreement and Release of Claims. The receipt of any termination
benefits pursuant to Section 6 will be subject to you signing and not revoking a
standard separation agreement and release of claims with the Company (the
“Release”) and provided that such Release becomes effective and irrevocable no
later than sixty (60) days following your “separation from service” (within the
meaning of Section 409A) (such 60th day, the “Release Deadline”). The Release
will not include (i) a non-compete covenant or (ii) other restrictive covenants
that are not legal under applicable law. If the Release does not become
effective and irrevocable by the Release Deadline, you will forfeit any rights
to termination benefits under this Agreement. In no event will termination
benefits be paid or provided until and unless the Release becomes effective and
irrevocable by the Release Deadline.

(b)Nonsolicitation. The receipt of any termination benefits pursuant to
Section 6 will be subject to you not violating the provisions of Section 9. In
the event you breach the provisions of Section 9, all continuing payments and
benefits to which you may otherwise be entitled pursuant to Section 6 will
immediately cease.

(c)Section 409A.

(i)Notwithstanding anything to the contrary in this Agreement, no Deferred
Payments (as defined below) will be paid or otherwise provided until you have a
“separation from service” within the meaning of Section 409A. Similarly, no
severance payable to you, if any, pursuant to this Agreement that otherwise
would be exempt from Section 409A pursuant to Treasury Regulation
Section 1.409A-1(b)(9) will be payable until you have a “separation from
service” within the meaning of Section 409A. Notwithstanding anything to the
contrary in this Agreement, if you are a “specified employee” within the meaning
of Section 409A at the time of your separation from service (other than due to
death), then the termination benefits to be paid or provided to you, if any,
pursuant to this Agreement that, when considered together with any other
termination benefits, are considered deferred compensation not exempt under
Section 409A (together, the “Deferred Payments”) that are payable within the
first six (6) months following your separation from service, will become payable
on the first payroll date that occurs on or after the date six (6) months and
one (1) day following the date of your separation from service. All subsequent
Deferred Payments, if any, will be payable in accordance with the payment
schedule applicable to each payment or benefit. Notwithstanding anything herein
to the contrary, if you die following your separation from service, but prior to
the six (6) month anniversary of the separation from service, then any payments
delayed in accordance with this paragraph will be payable in a lump sum at the
time of your death and all other Deferred Payments will be payable in accordance
with the payment schedule applicable to each payment or benefit. Each payment
and benefit payable under this Agreement is intended to constitute a separate
payment for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations.

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(ii)The foregoing provisions are intended to comply with, and the COBRA
reimbursements are intended to be exempt from, the requirements of Section 409A
so that none of the severance payments and benefits to be provided hereunder
will be subject to the additional tax imposed under Section 409A, and any
ambiguities or ambiguous terms herein will be interpreted to so comply and, with
respect to the COBRA reimbursements, to so be exempt. You and the Company agree
to work together in good faith to consider amendments to this Agreement and to
take such reasonable actions which are necessary, appropriate or desirable to
avoid imposition of any additional tax or income recognition prior to actual
payment to you under Section 409A.

(d)Confidential Information Agreement. Your receipt of any payments or benefits
under Section 6 will be subject to you continuing to comply with the terms of
Confidentiality Agreement (as defined in Section 11(a)).

(e)No Duty to Mitigate. You will not be required to mitigate the amount of any
payment contemplated by this Agreement, nor will any earnings that you may
receive from any other source reduce any such payment.

8.Definitions.

(a)“Cause” means (i) your conviction of, or plea of nolo contendere to, a felony
(but excluding negligent driving offenses or driving offenses solely related to
the speed limit) and which has an adverse effect on the business or affairs of
the Company, (ii) your gross and willful misconduct, (iii) your unauthorized and
intentional use or disclosure of any proprietary information or trade secrets of
the Company or any other party to whom you owe an obligation of nondisclosure as
a result of your relationship with the Company; (iv) your willful breach of any
material obligations under any material written agreement or covenant with the
Company; (v) your refusal to perform your employment duties after you have
received a written demand of performance from the Company that specifically sets
forth the factual basis for the Company’s belief that you have refused to
perform your duties and have failed to cure such non-performance to the
Company’s reasonable satisfaction within thirty (30) business days after
receiving such notice or (vi) your failure to cooperate in good faith with a
governmental or internal investigation of the Company or its directors, officers
or employees, if the Company has requested your cooperation. No termination for
Cause shall be effective unless you are given written notice from the Board of
the condition that could constitute Cause and, if capable of being cured, at
least thirty (30) days to cure the condition.

(b)“Change in Control” has the same defined meaning as shall be set forth in the
Company’s 2015 Equity Incentive Plan.

(c)“Change in Control Period” means the period that commences upon a Change in
Control and ends on the one (1) year anniversary following a Change in Control.

(d)“Code” means the Internal Revenue Code of 1986, as amended.

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(e) “Good Reason” means your resignation within thirty (30) days following the
expiration of any Company cure period (discussed below) following the occurrence
of one or more of the following, without your express written consent: (i) a
material reduction of your duties, authority or responsibilities without your
prior consent; provided, however, that any change in reporting structure shall
not be considered Good Reason; (ii) a material reduction in your Base Salary
(except where there is a reduction applicable to the management team generally,
not to exceed 15% of the aggregate base salary); or (iii) a material change in
the geographic location of your primary work facility or location; provided,
that a relocation of less than thirty (30) miles from your then-present work
location will not be considered a material change in geographic location. You
will not resign for Good Reason without first providing the Company with written
notice of the acts or omissions constituting the grounds for Good Reason within
ninety (90) days of the initial existence of the grounds for Good Reason and a
reasonable cure period of thirty (30) days following the date the Company
receives such notice during which such condition must not have been cured.
Notwithstanding the previous sentence, the time limit of ninety (90) days in the
previous sentence does not apply to a New CEO Qualifying Termination in the
situation where there is an interim Chief Executive Officer.

(f)“New CEO Qualifying Termination” means a Qualifying Termination that occurs
after the 2-year anniversary of the Effective Date (the “Trigger Date”) and
meets the following criteria: (x) the Company hires a new permanent Chief
Executive Officer after the Trigger Date (the date of such hiring, the “New CEO
Date”); and (y) the Qualifying Termination occurs within the 12-month period
after the New CEO Date.

9.Non-Solicitation. To the fullest extent permitted under applicable law, during
the period commencing on the date of this Agreement and continuing until the
first anniversary of the date when your employment terminated for any reason,
you shall not directly or indirectly, personally or through others, solicit,
recruit or attempt to solicit or recruit (on your own behalf or on behalf of any
other person or entity) either (i) any employee or any consultant of the Company
or any of the Company’s affiliates or (ii) the business of any customer of the
Company or any of the Company’s affiliates on whom you called or with whom you
became acquainted during your employment, if you are using confidential or
proprietary information of the Company to effectuate the solicitation of any
such customer. You represent that you (i) are familiar with the foregoing
covenant not to solicit, and (ii) are fully aware of your obligations hereunder,
including, without limitation, the reasonableness of the length of time, scope
and geographic coverage of these covenants.

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10.Golden Parachute.

(a)Anything in this Agreement to the contrary notwithstanding, if any payment or
benefit you would receive from the Company or otherwise (“Payment”) would
(i) constitute a “parachute payment” within the meaning of Section 280G of the
Code; and (ii) but for this sentence, be subject to the excise tax imposed by
Section 4999 of the Code (the “Excise Tax”), then such Payment shall be equal to
the Reduced Amount. The “Reduced Amount” shall be either (x) the largest portion
of the Payment that would result in no portion of the Payment being subject to
the Excise Tax; or (y) the largest portion, up to and including the total, of
the Payment, whichever amount, after taking into account all applicable federal,
state and local employment taxes, income taxes, and the Excise Tax (all computed
at the highest applicable marginal rate), results in your receipt, on an
after-tax basis, of the greater amount of the Payment. Any reduction made
pursuant to this Section 10(a) shall be made in accordance with the following
order of priority: (i) stock options whose exercise price exceeds the fair
market value of the optioned stock (“Underwater Options”) (ii) Full Credit
Payments (as defined below) that are payable in cash, (iii) non-cash Full Credit
Payments that are taxable, (iv) non-cash Full Credit Payments that are not
taxable (v) Partial Credit Payments (as defined below) and (vi) non-cash
employee welfare benefits. In each case, reductions shall be made in reverse
chronological order such that the payment or benefit owed on the latest date
following the occurrence of the event triggering the excise tax will be the
first payment or benefit to be reduced (with reductions made pro-rata in the
event payments or benefits are owed at the same time). “Full Credit Payment”
means a payment, distribution or benefit, whether paid or payable or distributed
or distributable pursuant to the terms of this Agreement or otherwise, that if
reduced in value by one dollar reduces the amount of the parachute payment (as
defined in Section 280G of the Code) by one dollar, determined as if such
payment, distribution or benefit had been paid or distributed on the date of the
event triggering the excise tax. “Partial Credit Payment” means any payment,
distribution or benefit that is not a Full Credit Payment. Notwithstanding the
foregoing, to the extent the Company submits any payment or benefit payable to
you to the Company’s stockholders for approval in accordance with Treasury
Regulation Section 1.280G-1 Q&A 7, the foregoing provisions shall not apply
following such submission and such payments and benefits will be treated in
accordance with the results of such vote, except that any reduction in, or
waiver of, such payments or benefits required by such vote will be applied
without any application of discretion by you and in the order prescribed by this
Section. In no event shall you have any discretion with respect to the ordering
of payment reductions.

(b)A nationally recognized certified public accounting firm selected by the
Company (the “Accounting Firm”) shall perform the foregoing calculations related
to the Excise Tax. If a reduction is required pursuant to Section 10(a), the
Accounting Firm shall administer the ordering of the reduction as set forth in
Section 10(a). The Company shall bear all expenses with respect to the
determinations by such accounting firm required to be made hereunder.

(c)The Accounting Firm engaged to make the determinations hereunder shall
provide its calculations, together with detailed supporting documentation, to
you and the Company a within fifteen (15) calendar days after the date on which
your right to a Payment is triggered. Any good faith determinations of the
Accounting Firm made hereunder shall be final, binding, and conclusive upon you
and the Company.

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11.Pre-Employment Conditions.

(a)Confidentiality Agreement. As a condition to joining the Company, you are
required to sign the Company’s standard Employee Confidentiality, Non-Disclosure
and Assignment of Inventions Agreement (the “Confidentiality Agreement”). You
will be bound by the Confidentiality Agreement during the Employment Term and
thereafter in accordance with its terms.

(b)Right to Work. For purposes of federal immigration law, you will be required,
if you haven’t already, to provide to the Company documentary evidence of your
identity and eligibility for employment in the United States.

12.Successors.

(a)Company’s Successors. This Agreement shall be binding upon any successor
(whether direct or indirect and whether by purchase, lease, merger,
consolidation, liquidation or otherwise) to all or substantially all of the
Company’s business and/or assets. For all purposes under this Agreement, the
term “Company” shall include any successor to the Company’s business or assets
that become bound by this Agreement.

(b)Your Successors. This Agreement and all of your rights hereunder shall inure
to the benefit of, and be enforceable by, your personal or legal
representatives, executors, administrators, successors, heirs, distributees,
devisees and legatees.

13.Arbitration.

(a)Arbitration. In consideration of your employment with the Company, its
promise to arbitrate all employment-related disputes, and your receipt of the
compensation, pay raises and other benefits paid to you by the Company, at
present and in the future, you agree that any and all controversies, claims, or
disputes with anyone (including the Company and any employee, officer, director,
shareholder or benefit plan of the Company in their capacity as such or
otherwise) arising out of, relating to, or resulting from your employment with
the Company or termination thereof, including any breach of this Agreement, will
be subject to binding arbitration under the Federal Arbitration Act and pursuant
to the Arbitration Rules set forth in California Code of Civil Procedure
Section 1280 through 1294.2, including Section 1281.8 (the “Act”), and
California law, and shall be brought in your individual capacity, and not as a
plaintiff, representative, or class member in any purported class, collective,
or representative proceeding. Notwithstanding the foregoing, you understand that
you may bring a proceeding as a Private Attorney General as permitted by law.
For the avoidance of doubt, the Federal Arbitration Act governs this Agreement
and shall apply with full force and effect, notwithstanding the application of
procedural rules set forth under the Act and California law.

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(b)Dispute Resolution. Disputes that you agree to arbitrate, and thereby agree
to waive any right to a trial by jury, include any statutory claims under local,
state, or federal law, including, but not limited to, claims under Title VII of
the Civil Rights Act of 1964, the Americans with Disabilities Act of 1990, the
Age Discrimination in Employment Act of 1967, the Older Workers Benefit
Protection Act, the Sarbanes Oxley Act, the Worker Adjustment and Retraining
Notification Act, the Fair Labor Standards Act, the California Fair Employment
and Housing Act, the Family and Medical Leave Act, the California Family Rights
Act, the California Labor Code, claims relating to employment status,
classification, and relationship with the Company, claims of harassment,
discrimination, and wrongful termination, breach of contract and any statutory
or common law claims, except as prohibited by law. You also agree to arbitrate
any and all disputes arising out of or relating to the interpretation or
application of this agreement to arbitrate, but not disputes about the
enforceability, revocability, or validity of this agreement to arbitrate or any
portion hereof of the class, collective and representative proceeding waiver
herein. You agree that nothing in this agreement constitutes a waiver of your
rights under Section 7 of the National Labor Relations Act. You further
understand that this Agreement to arbitrate also applies to any disputes that
the Company may have with you.

(c)Procedure. You agree that any arbitration will be administered by the
Judicial Arbitration & Mediation Services, Inc. (“JAMS”), pursuant to its
Employment Arbitration Rules & Procedures (the “JAMS Rules”), which are
available at http://www.jamsadr.com/rules-employment-arbitration/. The
arbitrator shall have the power to decide any motions brought by any party to
the arbitration, including motions for summary judgment and/or adjudication,
motions to dismiss and demurrers, prior to any arbitration hearing applying the
standards set forth under the California Code of Civil Procedure. You agree that
the arbitrator shall issue a written decision on the merits. The arbitrator
shall have the power to award any remedies available under applicable law, and
the arbitrator shall award attorneys’ fees and costs to the prevailing party,
where provided by applicable law. You agree that the decree or award rendered by
the arbitrator may be entered as a final and binding judgment in any court
having jurisdiction thereof. The Company will pay for any administrative or
hearing fees charged by the administrator or JAMS, and all arbitrator’s fees,
except that you shall pay any filing fees associated with any arbitration that
you initiate, but only so much of the filing fee as you would have instead paid
had you filed a complaint in a court of law. You agree that the arbitrator shall
administer and conduct any arbitration in accordance with California law,
including the California Code of Civil Procedure and the California Evidence
Code, and that the arbitrator shall apply substantive and procedural California
law to any dispute or claim, without reference to the rules of conflict of law.
To the extent that the JAMS Rules conflict with California law, California law
shall take precedence. The decision of the arbitrator shall be in writing. Any
arbitration under this Agreement shall be conducted in San Luis Obispo County,
California.

(d)Remedy. Except as provided by the Act and this Agreement, arbitration shall
be the sole, exclusive, and final remedy for any dispute between you and the
Company. Accordingly, except as provided by the Act and this Agreement, neither
you nor the Company will be permitted to pursue court action regarding claims
that are subject to arbitration. Notwithstanding, the arbitrator will not have
the authority to disregard or refuse to enforce any lawful Company policy, and
the arbitrator will not order or require the Company to adopt a policy not
otherwise required by law which the Company has not adopted.

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(e)Administrative Relief. You are not prohibited from pursuing an administrative
claim with a local, state, or federal administrative body or government agency
that is authorized to enforce or administer laws related to employment,
including, but not limited to, the Department of Fair Employment and Housing,
the Equal Employment Opportunity Commission, the National Labor Relations Board,
or the Workers’ Compensation Board. However, you may not pursue court action
regarding any such claim, except as permitted by law.

(f)Voluntary Nature of Agreement. You acknowledge and agree that you are
executing this Agreement voluntarily and without any duress or undue influence
by the Company or anyone else. You further acknowledge and agree that you have
carefully read this Agreement and that you have asked any questions needed for
you to understand the terms, consequences and binding effect of this Agreement
and fully understands it, including that YOU ARE WAIVING YOUR RIGHT TO A JURY
TRIAL. Finally, you agree that you have been provided an opportunity to seek the
advice of an attorney of your choice before signing this Agreement.

14.Miscellaneous Provisions.

(a)Indemnification. If the Board designates you as a Section 16 officer, the
Company shall indemnify you to the maximum extent permitted by applicable law
and the Company’s Bylaws with respect to your service and you shall also be
covered under a directors and officers liability insurance policy paid for by
the Company to the extent that the Company maintains such a liability insurance
policy now or in the future.

(b)Headings. All captions and section headings used in this Agreement are for
convenient reference only and do not form a part of this Agreement.

(c)Notice. Notices and all other communications contemplated by this Agreement
shall be in writing and shall be deemed to have been duly given when personally
delivered or when mailed by U.S. registered or certified mail, return receipt
requested and postage prepaid. In your case, mailed notices shall be addressed
to you at the home address that you most recently communicated to the Company in
writing. In the case of the Company, mailed notices shall be addressed to its
corporate headquarters, and all notices shall be directed to the attention of
its Secretary.

(d)Modifications and Waivers. No provision of this Agreement shall be modified,
waived or discharged unless the modification, waiver or discharge is agreed to
in writing and signed by you and by an authorized officer of the Company (other
than you). No waiver by either party of any breach of, or of compliance with,
any condition or provision of this Agreement by the other party shall be
considered a waiver of any other condition or provision or of the same condition
or provision at another time.

(e)Entire Agreement. This Agreement supersedes any existing employment agreement
and/or offer letter in its entirety. No other agreements, representations or
understandings (whether oral or written and whether express or implied) which
are not expressly set forth in this Agreement have been made or entered into by
either party with respect to the subject matter hereof. This Agreement and the
Confidentiality Agreement contain the entire understanding of the parties with
respect to the subject matter hereof.

(f)Withholding Taxes. All payments made under this Agreement shall be subject to
reduction to reflect taxes or other charges required to be withheld by law.

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(g)Choice of Law and Severability. This Agreement shall be interpreted in
accordance with the laws of the State of California without giving effect to
provisions governing the choice of law. If any provision of this Agreement
becomes or is deemed invalid, illegal or unenforceable in any applicable
jurisdiction by reason of the scope, extent or duration of its coverage, then
such provision shall be deemed amended to the minimum extent necessary to
conform to applicable law so as to be valid and enforceable or, if such
provision cannot be so amended without materially altering the intention of the
parties, then such provision shall be stricken and the remainder of this
Agreement shall continue in full force and effect. If any provision of this
Agreement is rendered illegal by any present or future statute, law, ordinance
or regulation (collectively, the “Law”) then that provision shall be curtailed
or limited only to the minimum extent necessary to bring the provision into
compliance with the Law. All the other terms and provisions of this Agreement
shall continue in full force and effect without impairment or limitation.

(h)No Assignment. This Agreement and all of your rights and obligations
hereunder are personal to you and may not be transferred or assigned by you at
any time. The Company may assign its rights under this Agreement to any entity
that assumes the Company’s obligations hereunder in connection with any sale or
transfer of all or a substantial portion of the Company’s assets to such entity.

(i)Acknowledgment. You acknowledge that you have the opportunity to discuss this
matter with and obtain advice from his private attorney, have had sufficient
time to, and have carefully read and fully understand all the provisions of this
Agreement, and are knowingly and voluntarily entering into this Agreement.

(j)Counterparts. This Agreement may be executed in two or more counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

[Signature Page Follows]

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After you’ve had an opportunity to review this Agreement, please feel free to
contact me if you have any questions or comments. To indicate your acceptance of
this Agreement, please sign and date this letter in the space provided below and
return it to me.

 
Very truly yours,
MINDBODY, INC.
By:  /s/ Jeff Harper                                          
(Signature)
ACCEPTED AND AGREED:
MICHAEL MANSBACH

/s/ Michael Mansbach                                       
(Signature)

June 17, 2017                                                 
Date