Exhibit 4.2


 





NEITHER THIS NOTE NOR THE SECURITIES
INTO WHICH THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION
OF ANY STATE. THESE SECURITIES HAVE BEEN SOLD IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”), 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 ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.


 


Soul
and Vibe Interactive Inc.


 


Convertible
Note


 


	Issuance Date: March 17, 2015	Original Principal Amount:$294,250
	Note No. SOUL-1	Consideration Paid at Close:   $53,500
	 	 


 


FOR VALUE RECEIVED,
Soul and Vibe Interactive Inc., a Nevada corporation with a par value of $0.001 per common share (“Par Value”)
(the "Company"), hereby promises to pay to the order of Black Mountain Equities, Inc. or registered assigns
(the "Holder") the amount set out above as the Original Principal Amount (as reduced pursuant to the terms hereof
pursuant to redemption, conversion or otherwise, the "Principal") when due, whether upon the Maturity Date (as
defined below), acceleration, redemption or otherwise (in each case in accordance with the terms hereof) and to pay interest ("Interest")
on any outstanding Principal at the applicable Interest Rate from the date set out above as the Issuance Date (the "Issuance
Date") until the same becomes due and payable, upon the Maturity Date or acceleration, conversion, redemption or otherwise
(in each case in accordance with the terms hereof).


 


The Original Principal
Amount is $294,250 plus accrued and unpaid interest and any other fees. The Consideration is $267,500 (two hundred sixty seven
thousand five hundred) payable by wire transfer (there exists a $26,750 prorated original issue discount (the “OID”)).
The Holder shall pay $53,500 of Consideration upon closing of this Note. The Holder may pay additional Consideration to the Company
in such amounts and at such dates as Holder may choose in its sole discretion. For purposes hereof, the term “Outstanding
Balance” means the Original Principal Amount, as reduced or increased, as the case may be, pursuant to the terms hereof for
conversion, breach hereof or otherwise, plus any accrued but unpaid interest, collection and enforcements costs, and any other
fees, penalties, damages or charges incurred under this Note. The Original Principal Amount due to Holder shall be prorated based
on the Consideration paid by Holder (plus an approximate 10% Original Issue Discount that is prorated based on the Consideration
paid by the Holder as well as any other interest or fees) such that the Company is only required to repay the amount funded and
the Company is not required to repay any unfunded portion of this Note.


 


		(1)	GENERAL TERMS



 


(a)                
Payment of Principal. The "Maturity Date" shall be two years from the date of each payment of Consideration,
as may be extended at the option of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall
not have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not
have occurred and be continuing on the Maturity Date (as may be extended pursuant to this Section 1) that with the passage of time
and the failure to cure would result in an Event of Default.


 


(b)                
Interest. A one-time interest charge of ten percent (10%) (“Interest Rate”) shall be applied on
the Issuance Date to the Original Principal Amount. Interest hereunder shall be paid on the Maturity Date (or sooner as provided
herein) to the Holder or its assignee in whose name this Note is registered on the records of the Company regarding registration
and transfers of Notes in cash or converted into Common Stock at the Conversion Price provided the Equity Conditions are satisfied.


 






    	 



    	 



    

  


(c)                
Security. This Note shall not be secured by any collateral or any assets pledged to the Holder


 


		(2)	EVENTS OF DEFAULT.



 


(a)                
An “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 Company's failure to pay to the Holder any amount of Principal, Interest, or other amounts when and as due under this
Note (including, without limitation, the Company's failure to pay any redemption payments or amounts hereunder) or any other Transaction
Document;


 


(ii)                
A Conversion Failure as defined in section 3(b)(ii)


 


(iii)               
The Company or any subsidiary of the Company shall commence, or there shall be commenced against the Company or any subsidiary
of the Company under any applicable bankruptcy or insolvency laws as now or hereafter in effect or any successor thereto, or the
Company or any subsidiary of the Company commences 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 subsidiary of the Company or there is commenced against the Company or any subsidiary of the Company
any such bankruptcy, insolvency or other proceeding which remains undismissed for a period of sixty one (61) days; or the Company
or any subsidiary of the Company is adjudicated insolvent or bankrupt; or any order of relief or other order approving any such
case or proceeding is entered; or the Company or any subsidiary of the Company suffers any appointment of any custodian, private
or court appointed receiver or the like for it or any substantial part of its property which continues undischarged or unstayed
for a period of sixty one (61) days; or the Company or any subsidiary of the Company makes a general assignment for the benefit
of creditors; or the Company or any subsidiary of the Company shall fail to pay, or shall state that it is unable to pay, or shall
be unable to pay, its debts generally as they become due; or the Company or any subsidiary of the Company shall call a meeting
of its creditors with a view to arranging a composition, adjustment or restructuring of its debts; or the Company or any subsidiary
of the Company shall by any act or failure to act expressly indicate its consent to, approval of or acquiescence in any of the
foregoing; or any corporate or other action is taken by the Company or any subsidiary of the Company for the purpose of effecting
any of the foregoing;


 


(iv)              
The Company or any subsidiary of the Company shall default in any of its obligations under any other Note or any mortgage,
credit agreement or other facility, indenture agreement, factoring agreement or other instrument under which there may be issued,
or by which there may be secured or evidenced any indebtedness for borrowed money or money due under any long term leasing or factoring
arrangement of the Company or any subsidiary of the Company in an amount exceeding $100,000, whether such indebtedness now exists
or shall hereafter be created; and


 


(v)                
The Common Stock is suspended or delisted for trading on the Over the OTCQB Venture Marketplace or OTCPink Open Marketplace
(the “Primary Market”).


 


(vi)              
The Company loses its ability to deliver shares via “DWAC/FAST” electronic transfer.


 


(vii)             
The Company loses its status as “DTC Eligible.”


 


(viii)           
The Company shall become late or delinquent in its filing requirements as a fully-reporting issuer registered with the Securities
& Exchange Commission.


 






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(b)                
Upon the occurrence of any Event of Default, the Outstanding Balance shall immediately increase to 120% of the Outstanding
Balance immediately prior to the occurrence of the Event of Default (the “Default Effect”). The Default Effect shall
automatically apply upon the occurrence of an Event of Default without the need for any party to give any notice or take any other
action.


 


(3)            CONVERSION OF NOTE.This Note shall be convertible into shares of the Company's Common Stock, on the terms and
conditions set forth in this Section 3.


 


(a)                
Conversion Right. Subject to the provisions of Section 3(c), at any time or times on or after the Issuance Date,
the Holder shall be entitled 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 3(b), at the Conversion Price (as defined below). The
number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to this Section 3(a) shall be equal
to the quotient of dividing the Conversion Amount by the Conversion Price. 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 transfer
agent fees, legal fees, costs and any other fees or costs that may be incurred or charged in connection with the issuance of shares
of the Company’s Common Stock to the Holder arising out of or relating to the conversion of this Note.


 


(i)                  
"Conversion Amount" means the portion of the Original Principal Amount and Interest to be converted, plus
any penalties, redeemed or otherwise with respect to which this determination is being made.


 


(ii)                
"Conversion Price" shall equal 60% of the average of the three lowest closing prices occurring during the
twenty five (25) consecutive Trading Days immediately preceding the applicable Conversion Date on which the Holder elects to convert
all or part of this Note, subject to adjustment as provided in this Note.


 


		(b)	Mechanics of Conversion.



 


(i)                  
Optional Conversion. To convert any Conversion Amount into shares of Common Stock on any date (a "Conversion
Date"), the Holder shall (A) transmit by email, facsimile (or otherwise deliver), for receipt on or prior to 11:59 p.m.,
New York, NY 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. On or before the third Business Day following the date of receipt of a Conversion
Notice (the "Share Delivery Date").


 


(ii)                
Company's Failure to Timely Convert. If within three (3) Trading Days after the Company's receipt of the facsimile
or email copy of a Conversion Notice the Company shall fail to issue and deliver to Holder via “DWAC/FAST” electronic
transfer the number of shares of Common Stock to which the Holder is entitled upon such holder's conversion of any Conversion Amount
(a "Conversion Failure"), the Original Principal Amount of the Note shall increase by $2,000 per day until the
Company issues and delivers a certificate to the Holder or credit the Holder's balance account with DTC for the number of shares
of Common Stock to which the Holder is entitled upon such holder's conversion of any Conversion Amount (under Holder’s and
Company’s expectation that any damages will tack back to the Issuance Date). Company will not be subject to any penalties
once its transfer agent processes the shares to the DWAC system. If the Company fails to deliver shares in accordance with
the timeframe stated in this Section, resulting in a Conversion Failure, the Holder, at any time prior to selling all of those
shares, may rescind any portion, in whole or in part, of that particular conversion attributable to the unsold shares and have
the rescinded conversion amount returned to the Outstanding Balance with the rescinded conversion shares returned to the Company
(under Holder’s and Company’s expectations that any returned conversion amounts will tack back to the original date
of the Note).


 


In the case that conversion
shares are not deliverable by DWAC/FAST electronic transfer an additional 10% discount to the Conversion Price will apply.


 


(iii)               
DTC Eligibility. If the Company fails to maintain its status as “DTC Eligible” for any reason, the Principal
Amount of the Note shall increase by ten thousand dollars ($10,000) (under Holder’s and Company’s expectation that
any Principal Amount increase will tack back to the Issuance Date). In addition, the Conversion Price shall be redefined to equal
60% of the average of the three lowest closing prices occurring during the twenty five (25) consecutive Trading Days immediately
preceding the applicable Conversion Date on which the Holder elects to convert all or part of this Note, subject to adjustment
as provided in this Note.


 






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(iv)              
Book-Entry. 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 and Interest 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.


 


		(c)	Limitations on Conversions or Trading.



 


(i)                  
Beneficial Ownership. The Company shall not effect any conversions of this Note and the Holder shall not have the
right to convert any portion of this Note or receive shares of Common Stock as payment of interest hereunder to the extent that
after giving effect to such conversion or receipt of such interest payment, the Holder, together with any affiliate thereof, would
beneficially own (as determined in accordance with Section 13(d) of the Exchange Act and the rules promulgated thereunder) in excess
of 4.99% of the number of shares of Common Stock outstanding immediately after giving effect to such conversion or receipt of shares
as payment of interest. Since the Holder will not be obligated to report to the Company the number of shares of Common Stock it
may hold at the time of a conversion hereunder, unless the conversion at issue would result in the issuance of shares of Common
Stock in excess of 4.99% of the then outstanding shares of Common Stock without regard to any other shares which may be beneficially
owned by the Holder or an affiliate thereof, the Holder shall have the authority and obligation to determine whether the restriction
contained in this Section will limit any particular conversion hereunder and to the extent that the Holder determines that the
limitation contained in this Section applies, the determination of which portion of the principal amount of this Note is convertible
shall be the responsibility and obligation of the Holder. If the Holder has delivered a Conversion Notice for a principal amount
of this Note that, without regard to any other shares that the Holder or its affiliates may beneficially own, would result in the
issuance in excess of the permitted amount hereunder, the Company shall notify the Holder of this fact and shall honor the conversion
for the maximum principal amount permitted to be converted on such Conversion Date in accordance with Section 3(a) and, any principal
amount tendered for conversion in excess of the permitted amount hereunder shall remain outstanding under this Note. The provisions
of this Section may be waived at any time by Holder upon written notification to the Company.


 


(ii)                
Capitalization. So long as this as this Note is outstanding, upon written request of the Holder, the Company shall
furnish to the Holder the then-current number of common shares issued and outstanding, the then-current number of common shares
authorized, and the then-current number of shares reserved for third parties.


 


		(d)	Other Provisions.



 


(i)                  
Share Reservation.The Company will at all times reserve at least 15,000,000 shares of Common Stock for conversion.
Within 3 (three) Business Days following the receipt by the Company of a Holder's notice that such minimum number of Underlying
Shares is not so reserved, the Company shall promptly reserve a sufficient number of shares of Common Stock to comply with such
requirement.


 


(ii)                
Prepayment.At any time within the 90 day period immediately following the Issuance Date, the Company shall have
the option, upon 10 business days’ notice to Holder, to pre-pay the entire remaining outstanding principal amount of this
Note in cash, provided that (i) the Company shall pay the Holder 100% of the Outstanding Balance, (ii) such amount must be paid
in cash on the next business day following such 10 business day notice period, and (iii) the Holder may still convert this Note
pursuant to the terms hereof at all times until such prepayment amount has been received in full.


 






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(iii)               
All calculations under this Section 3 shall be rounded up to the nearest $0.00001 or whole share.


 


(iv)              
Nothing herein shall limit a Holder's right to pursue actual damages or declare an Event of Default pursuant to Section
2 herein for the Company's failure to deliver certificates representing shares of Common Stock upon conversion within the period
specified herein and such Holder shall have the right to pursue all remedies available to it at law or in equity including, without
limitation, a decree of specific performance and/or injunctive relief, in each case without the need to post a bond or provide
other security. The exercise of any such rights shall not prohibit the Holder from seeking to enforce damages pursuant to any other
Section hereof or under applicable law.


 


		(4)	REISSUANCE OF THIS NOTE.



 


(a)                
Assignability. The Company may not assign this Note. This Note will be binding upon the Company and its successors
and will inure to the benefit of the Holder and its successors and assigns and may be assigned by the Holder to anyone of its choosing
without Company’s approval.


 


(b)                
Lost, Stolen or Mutilated Note. Upon receipt by the Company of evidence reasonably satisfactory to the Company of
the loss, theft, destruction or mutilation of this Note, and, in the case of loss, theft or destruction, of any indemnification
undertaking by the Holder to the Company in customary form and, in the case of mutilation, upon surrender and cancellation of this
Note, the Company shall execute and deliver to the Holder a new Note representing the outstanding Principal.


  


(5)           NOTICES.Any notices, consents, waivers or other communications required or permitted to be given under the terms
hereof must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt,
when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the
sending party) (iii) upon receipt, when sent by email; or (iv) one (1) Trading Day after deposit with a nationally recognized overnight
delivery service, in each case properly addressed to the party to receive the same. The addresses and facsimile numbers for such
communications shall be those set forth in the communications and documents that each party has provided the other immediately
preceding the issuance of this Note or at such other address and/or facsimile number and/or to the attention of such other person
as the recipient party has specified by written notice given to each other party three (3) Business Days prior to the effectiveness
of such change. Written confirmation of receipt (i) given by the recipient of such notice, consent, waiver or other communication,
(ii) mechanically or electronically generated by the sender's facsimile machine containing the time, date, recipient facsimile
number and an image of the first page of such transmission or (iii) provided by a nationally recognized overnight delivery service,
shall be rebuttable evidence of personal service, receipt by facsimile or receipt from a nationally recognized overnight delivery
service in accordance with clause (i), (ii) or (iii) above, respectively.


 


 


The addresses for such communications shall
be:


 


If to the Company, to:


 


Soul and Vibe Interactive Inc.


 


1660 South Hwy 100


 


Suite 500


 


St. Louis Park, MN. 55416


Attn: Peter Anthony Chiodo


Email:


 






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If to the Holder:


 


____________________________________


 


____________________________________


 


____________________________________


 


____________________________________


 


Attn:


Email:









(6)                
APPLICABLE LAW AND VENUE. This Note shall be governed by and construed in accordance with the laws of the State of
Nevada, without giving effect to conflicts of laws thereof. Any action brought by either party against the other concerning the
transactions contemplated by this Agreement shall be brought only in the state courts of New York or in the federal courts located
in New York, in the State of New York. Both parties and the individuals signing this Agreement agree to submit to the jurisdiction
of such courts.


 


(7)                
WAIVER. Any waiver by the Holder of a breach of any provision of this Note shall not operate as or be construed to
be a waiver of any other breach of such provision or of any breach of any other provision of this Note. The failure of the Holder
to insist upon strict adherence to any term of this Note on one or more occasions shall not be considered a waiver or deprive that
party of the right thereafter to insist upon strict adherence to that term or any other term of this Note. Any waiver must be in
writing.


 


[Signature Page Follows]


 






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IN WITNESS WHEREOF,
the Company has caused this Convertible Note to be duly executed by a duly authorized officer as of the date set forth above.


 


 


 





	 	COMPANY:
	 	 	 
	 	 	 
	 	Soul and Vibe Interactive Inc.
	 	 	 
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	Peter Anthony Chiodo
	 	 	 
	 	Title:	CEO | President



 


 


 


 


 





	 	HOLDER:
	 	 	 
	 	 	 
	 	Black Mountain Equities, Inc.
	 	 	 
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	Principal






 


 


[Signature Page to Convertible Note No.
SOUL-1]


 






    	 



    	 



    

  


	EXHIBIT A	 
	CONVERSION NOTICE	 
	Peter Anthony Chiodo, CEO | President	 	 	 	 	 	 	 
	Soul and Vibe Interactive Inc.	 	 	 	 	 	 	 	 
	
        1660 South Hwy 100, Suite 500

        Saint Louis Park, MN. 55416
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	The undersigned hereby elects to convert a portion of the $________ Convertible Note _______ issued to ______________ on ____________ into Shares of Common Stock of ____________ according to the conditions set forth in such Note as of the date written below.	 
	By accepting this notice of conversion, you are acknowledging that the number of shares to be delivered represents less than 5% (five percent) of the common stock outstanding.  If the number of shares to be delivered represents more than 4.99% of the common stock outstanding, this conversion notice shall immediately automatically extinguish and debenture Holder must be immediately notified.	 
	 	 	 	 	 	 	 	 	 	 
	Date of Conversion:	 	 	 
	 	 	 	 
	Conversion Amount:	 	 	 
	 	 	 	 
	Conversion Price:	 	 	 
	 	 	 	 
	Shares to be Delivered:	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Shares delivered in name of: 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	BLACK MOUNTAIN EQUITIES, INC.	 
	 	 	 	 	 	 	 	 	 	 
	Signature:	 	 	 	 	 	 	 
	 	
        By:

        Title:
	 	 	 	 	 	 	 
	 	Black Mountain Equities, Inc.