Document:

Exhibit 10.2

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION
RIGHTS AGREEMENT (this “Agreement”), dated as of the 11th day of February, 2015 (the “Agreement”)
between Beaufort Capital Partners LLC (the “Investor”), and Soul and Vibe Interactive Inc. (the “Company”).

 

WHEREAS:

 

A. In connection
with the Common Stock Purchase Agreement by and between the parties hereto of even date herewith (the “Common Stock Purchase
Agreement”), the Company has agreed, upon the terms and subject to the conditions of the Common Stock Purchase Agreement,
to issue and sell to the Investor shares of the Company’s common stock (the “Common Stock”), which can
be purchased pursuant to the terms of the Common Stock Purchase Agreement. Capitalized terms not defined herein shall have the
meaning ascribed to them in the Common Stock Purchase Agreement.

 

B. To induce
the Investor to execute and deliver the Common Stock Purchase Agreement, the Company has agreed to provide certain registration
rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute
(collectively, the “Securities Act”), and applicable state securities laws.

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company and the Investor hereby agree as follows:

 

1. DEFINITIONS.

 

As used in this Agreement, the following
terms shall have the following meanings:

 

a. “Person”
means a corporation, a limited liability company, an association, a partnership, an organization, a business, an individual, a
governmental or political subdivision thereof or a governmental agency.

 

b. “Register,”
“registered ,” and “registration ” refer to a registration effected by preparing and filing
one or more Registration Statements (as defined below) in compliance with the Securities Act and pursuant to Rule 415 under
the Securities Act or any successor rule providing for offering securities on a continuous or delayed basis (“Rule 415”),
and the declaration or ordering of effectiveness of such Registration Statement(s) by the United States Securities and Exchange
Commission (the “SEC”).

 

c. “Registrable
Securities” means the shares of Common Stock issuable to Investors pursuant to the Common Stock Purchase Agreement.

 

d. “Registration
Statement” means a registration statement under the Securities Act which covers the Registrable Securities.

 

    	 

    	 

    

 

2. REGISTRATION.

 

a. Filing
of a Registration Statement. The Company shall prepare and file with the SEC a Registration Statement on Form S-1 or on such
other form as is available within thirty (30) days of signing this Agreement. Failure to file such Registration Statement within
thirty (30) days of signing this Agreement shall be considered a breach of a material term of this Agreement. The Company shall
cause such Registration Statement to be declared effective by the SEC prior to the first sale to the Investor of the Company’s
Common Stock pursuant to the Common Stock Purchase Agreement. After a Registration Statement is declared effective, the Company
shall insure that the Registration Statement and any subsequent Registration Statements remain in effect until all of the Registrable
Securities have been sold, or may be sold without restriction pursuant to Rule 144.

 

b. Sufficient
Number of Shares Registered. In the event the number of shares available under a Registration Statement filed pursuant to Section
2(a) is insufficient to cover all of the Registrable Securities the Company shall amend the Registration Statement, or file a new
Registration Statement, or both, so as to cover all of such Registrable Securities as soon as practicable. The Company shall use
its reasonable best efforts to cause such amendment and/or new Registration Statement to become effective as soon as practicable
following the filing thereof. For purposes of the foregoing provision, the number of shares available under a Registration Statement
shall be deemed “insufficient to cover all of the Registrable Securities” if at any time the number of Registrable
Securities issuable pursuant to a Draw Down Notice is greater than the number of shares available for resale under such Registration
Statement.

 

3. RELATED OBLIGATIONS.

 

a. The Company
shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to a Registration Statement
and the prospectus used in connection with such Registration Statement, which prospectus is to be filed pursuant to Rule 424
promulgated under the Securities Act, as may be necessary to keep such Registration Statement effective at all times during the
Registration Period, and, during such period, comply with the provisions of the Securities Act with respect to the disposition
of all Registrable Securities of the Company covered by such Registration Statement until such time as all of such Registrable
Securities shall have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof
as set forth in such Registration Statement. In the case of amendments and supplements to a Registration Statement which are required
to be filed pursuant to this Agreement (including pursuant to this Section 3(b)) by reason of the Company’s filing a
report on Form 10-K, Form 10-Q or Form 8-K or any analogous report under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), the Company shall have incorporated such report by reference into the Registration Statement, if applicable, or
shall file such amendments or supplements with the SEC on the same day on which the Exchange Act report is filed which created
the requirement for the Company to amend or supplement the Registration Statement.

 

b. The Company
shall furnish to the Investor without charge, (i) at least one copy of such Registration Statement as declared effective by
the SEC and any amendment(s) thereto, including financial statements and schedules, all documents incorporated therein by reference,
all exhibits and each preliminary prospectus, (ii) at least one copy of the final prospectus included in such Registration
Statement and all amendments and supplements thereto (or such other number of copies as such Investor may reasonably request) and
(iii) such other documents as such Investor may reasonably request from time to time in order to facilitate the disposition
of the Registrable Securities owned by such Investor.  

 

    	 

    	 

    

 

c. The Company
shall use its best efforts to (i) register and qualify the Registrable Securities covered by a Registration Statement under
such other securities or “blue sky” laws of such jurisdictions in the United States as the Investor reasonably requests,
(ii) prepare and file in those jurisdictions, such amendments (including post-effective amendments) and supplements to such
registrations and qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period, (iii) take
such other actions as may be necessary to maintain such registrations and qualifications in effect at all times during the Registration
Period, and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such
jurisdictions; provided, however, that the Company shall not be required in connection therewith or as a condition thereto to (w) make
any change to its articles of incorporation or by-laws, (x) qualify to do business in any jurisdiction where it would not
otherwise be required to qualify but for this Section 3(c), (y) subject itself to general taxation in any such jurisdiction,
or (z) file a general consent to service of process in any such jurisdiction. The Company shall promptly notify the Investor
of the receipt by the Company of any notification with respect to the suspension of the registration or qualification of any of
the Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction in the United States
or its receipt of actual notice of the initiation or threat of any proceeding for such purpose.

 

d. As promptly
as practicable after becoming aware of such event or development, the Company shall notify the Investor in writing of the happening
of any event as a result of which the prospectus included in a Registration Statement, as then in effect, includes an untrue statement
of a material fact or omission to state a material fact required to be stated therein or necessary to make the statements therein,
in light of the circumstances under which they were made, not misleading (provided that in no event shall such notice contain any
material, nonpublic information), and promptly prepare a supplement or amendment to such Registration Statement to correct such
untrue statement or omission, and email copies of such supplement or amendment to each Investor. The Company shall also promptly
notify the Investor in writing (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and
when a Registration Statement or any post-effective amendment has become effective (notification of such effectiveness shall be
delivered to the Investor by facsimile on the same day of such effectiveness), (ii) of any request by the SEC for amendments
or supplements to a Registration Statement or related prospectus or related information, and (iii) of the Company’s
reasonable determination that a post-effective amendment to a Registration Statement would be appropriate.

 

e. The Company
shall use its best efforts to prevent the issuance of any stop order or other suspension of effectiveness of a Registration Statement,
or the suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction within the United States
of America and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest
possible moment and to notify the Investor of the issuance of such order and the resolution thereof or its receipt of actual notice
of the initiation or threat of any proceeding for such purpose. 

 

f. [Intentionally
Omitted.]

 

g. The Company
shall make available to the Investor (i) copies of any draft Registration Statement at least 1 business day prior to filing
thereof, and (ii) subject to restrictions imposed by the United States federal government or any agency or instrumentality thereof,
copies of all public correspondence between the Commission and the Company concerning the Registration Statement. The Company will
make available for inspection by the Investor and any attorney, accountant or other professional retained by the Investor (collectively,
the “Inspector”) all pertinent financial and other records, and pertinent corporate documents and properties
of the Company (collectively, the “Records”), as shall be reasonably necessary to enable them to exercise their
due diligence responsibility, and cause the Company’s officers, directors and employees to supply all information which any
Inspector may reasonably request in connection with the Registration Statement. The Investor agrees that Records obtained by it
as a result of such inspections which is conspicuously marked by the Company as “Confidential” (subject to the
Company’s obligations with respect to material non-public information set forth in Section 8.1(a) herein) shall be deemed
confidential and held in strict confidence by the Investor, unless (a) the disclosure of such Records is necessary to avoid
or correct a misstatement or omission in any Registration Statement or is otherwise required under the Securities Act, (b) the
release of such Records is ordered pursuant to a final, non-appealable subpoena or order from a court or government body of competent
jurisdiction, or (c) the information in such Records has been made generally available to the public other than by disclosure
in violation of this or any other agreement of which the Inspector and the Investor has knowledge. The Investor agrees that it
shall, upon learning that disclosure of such Records is sought in or by a court or governmental body of competent jurisdiction
or through other means, give prompt notice to the Company and allow the Company, at its expense, to undertake appropriate action
to prevent disclosure of, or to obtain a protective order for, the Records deemed confidential.

 

    	 

    	 

    

 

h. The Company
shall hold in confidence and not make any disclosure of information concerning the Investor provided to the Company unless (i) disclosure
of such information is necessary to comply with federal or state securities laws, (ii) the disclosure of such information
is necessary to avoid or correct a misstatement or omission in any Registration Statement, (iii) the release of such information
is ordered pursuant to a subpoena or other final, non-appealable order from a court or governmental body of competent jurisdiction,
or (iv) such information has been made generally available to the public other than by disclosure in violation of this Agreement
or any other agreement. The Company agrees that it shall, upon learning that disclosure of such information concerning the Investor
is sought in or by a court or governmental body of competent jurisdiction or through other means, give prompt written notice to
the Investor and allow the Investor, at the Investor’s expense, to undertake appropriate action to prevent disclosure of,
or to obtain a protective order for, such information.

 

i. The Company
shall use its best efforts either to cause all the Registrable Securities covered by a Registration Statement to be listed
on each securities exchange on which securities of the same class or series issued by the Company are then listed, if any, if the
listing of such Registrable Securities is then permitted under the rules of such exchange or to secure the inclusion for quotation
on a Primary Market. The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section 3(i).

 

j. The Company
shall cooperate with the Investor to the extent applicable, to facilitate the timely preparation and delivery of certificates (not
bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to a Registration Statement and
enable such certificates to be in such denominations or amounts, as the case may be, as the Investor may reasonably request and
registered in such names as the Investor may request.

 

k. The Company
shall use its best efforts to cause the Registrable Securities covered by the applicable Registration Statement to be registered
with or approved by such other governmental agencies or authorities as may be necessary to consummate the disposition of such Registrable
Securities.

 

l. [Intentionally
Omitted].

 

m. The Company
shall otherwise use its best efforts to comply with all applicable rules and regulations of the SEC in connection with any registration
hereunder.

 

n. Within ten
(10) business days after a Registration Statement which covers Registrable Securities is ordered effective by the SEC, the
Company shall deliver, and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities
(with copies to the Investor) confirmation that such Registration Statement has been declared effective by the SEC in the form
attached hereto as Exhibit A.

 

    	 

    	 

    

 

o. The Company
shall take all other reasonable actions necessary to facilitate disposition by the Investor of Registrable Securities pursuant
to a Registration Statement.

 

4. OBLIGATIONS OF THE INVESTOR.

 

The Investor agrees
that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3(d), the
Investor will immediately discontinue disposition of Registrable Securities pursuant to any Registration Statement(s) covering
such Registrable Securities until the Investor’s receipt of the copies of the supplemented or amended prospectus contemplated
by Section 3(d) or receipt of notice that no supplement or amendment is required.

 

5. EXPENSES OF REGISTRATION.

 

Investor has agreed
to pay $20,000 [Term Sheet says $15,000] towards the expenses incurred in connection with registrations pursuant to Section 2.
All expenses incurred in connection with qualifications pursuant to Sections 3, including, without limitation, all registration,
listing and qualifications fees, printers, legal and accounting fees shall be paid by the Company.

 

6. INDEMNIFICATION .

 

With respect to Registrable
Securities which are included in a Registration Statement under this Agreement:

 

a. To the fullest
extent permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend the Investor, the managers, officers,
partners, employees, agents, representatives of, and each Person, if any, who controls the Investor within the meaning of the Securities
Act or the Exchange Act (each, an “Indemnified Person”), against any and all losses, claims, damages, liabilities,
judgments, fines, penalties, charges, costs, reasonable attorneys’ fees, amounts paid in settlement or expenses, joint or
several (collectively, “Claims”) incurred in investigating, preparing or defending any action, claim, suit,
inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative or
other regulatory agency, body or the SEC, whether pending or threatened, whether or not an indemnified party is or may be a party
thereto (“Indemnified Damages”), to which any of them may become subject insofar as such Claims (or actions
or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon: (i) any untrue statement
or alleged untrue statement of a material fact in a Registration Statement or any post-effective amendment thereto or in any filing
made in connection with the qualification of the offering under the securities or other “blue sky” laws of any jurisdiction
in which Registrable Securities are offered (“Blue Sky Filing”), or the omission or alleged omission to state
a material fact required to be stated therein or necessary to make the statements therein not misleading; (ii) any untrue
statement or alleged untrue statement of a material fact contained in any final prospectus (as amended or supplemented, if the
Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any
material fact necessary to make the statements made therein, in light of the circumstances under which the statements therein were
made, not misleading; or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act,
any other law, including, without limitation, any state securities law, or any rule or regulation there under relating to the offer
or sale of the Registrable Securities pursuant to a Registration Statement (the matters in the foregoing clauses (i) through
(iii) being, collectively, “Violations”). The Company shall reimburse the Investor and each such controlling
person promptly as such expenses are incurred and are due and payable, for any legal fees or disbursements or other reasonable
expenses incurred by them in connection with investigating or defending any such Claim. Notwithstanding anything to the contrary
contained   herein, the indemnification agreement contained in this Section 6(a): (x) shall not apply to a Claim
by an Indemnified Person arising out of or based upon a Violation which occurs in reliance upon and in conformity with information
furnished in writing to the Company by such Indemnified Person expressly for use in connection with the preparation of the Registration
Statement or any such amendment thereof or supplement thereto; (y) shall not be available to the extent such Claim is based
on a failure of the Investor to deliver or to cause to be delivered the prospectus made available by the Company, if such prospectus
was timely made available by the Company pursuant to Section 3(e); and (z) shall not apply to amounts paid in settlement
of any Claim if such settlement is effected without the prior written consent of the Company, which consent shall not be unreasonably
withheld. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified
Person.

 

    	 

    	 

    

 

b. In connection
with a Registration Statement, the Investor agrees to indemnify, hold harmless and defend, to the same extent and in the same manner
as is set forth in Section 6(a), the Company, each of its directors, each of its officers who signs the Registration Statement
and each Person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act (each an “Indemnified
Party”), against any Claim or Indemnified Damages to which any of them may become subject, under the Securities Act,
the Exchange Act or otherwise, insofar as such Claim or Indemnified Damages arise out of or is based upon any Violation, in each
case to the extent, and only to the extent, that such Violation occurs in reliance upon and in conformity with written information
furnished to the Company by the Investor expressly for use in connection with such Registration Statement; and, subject to Section 6(d),
the Investor will reimburse any legal or other expenses reasonably incurred by them in connection with investigating or defending
any such Claim; provided, however, that the indemnity agreement contained in this Section 6(b) and the agreement with respect to
contribution contained in Section 7 shall not apply to amounts paid in settlement of any Claim if such settlement is effected
without the prior written consent of the Investor, which consent shall not be unreasonably withheld; provided, further, however,
that the Investor shall be liable under this Section 6(b) for only that amount of a Claim or Indemnified Damages as does not exceed
the net proceeds to the Investor as a result of the sale of Registrable Securities pursuant to such Registration Statement. Such
indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified Party.
Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6(b) with respect
to any prospectus shall not inure to the benefit of any Indemnified Party if the untrue statement or omission of material fact
contained in the prospectus was corrected and such new prospectus was delivered to the Investor prior to the Investor’s use
of the prospectus to which the Claim relates.

 

    	 

    	 

    

 

c. Promptly
after receipt by an Indemnified Person or Indemnified Party under this Section 6 of notice of the commencement of any action
or proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party
shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section 6, deliver to the indemnifying
party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to
the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of
the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified
Party, as the case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain its
own counsel with the fees and expenses of not more than one counsel for such Indemnified Person or Indemnified Party to be paid
by the indemnifying party, if, in the reasonable opinion of counsel retained by the indemnifying party, the representation by such
counsel of the Indemnified Person or Indemnified Party and the indemnifying party would be inappropriate due to actual or potential
differing interests between such Indemnified Person or Indemnified Party and any other party represented by such counsel in such
proceeding. The Indemnified Party or Indemnified Person shall cooperate fully with the indemnifying party in connection with any
negotiation or defense of any such action or claim by the indemnifying party and shall furnish to the indemnifying party all information
reasonably available to the Indemnified Party or Indemnified Person which relates to such action or claim. The indemnifying party
shall keep the Indemnified Party or Indemnified Person fully apprised at all times as to the status of the defense or any settlement
negotiations with respect thereto. No indemnifying party shall be liable for any settlement of any action, claim or proceeding
effected without its prior written consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay
or condition its consent. No indemnifying party shall, without the prior written consent of the Indemnified Party or Indemnified
Person, consent to entry of any judgment or enter into any settlement or other compromise which does not include as an unconditional
term thereof the giving by the claimant or plaintiff to such Indemnified Party or Indemnified Person of a release from all liability
in respect to such claim or litigation. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated
to all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating
to the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a
reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified
Person or Indemnified Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability
to defend such action.

 

d. The indemnification
required by this Section 6 shall be made by periodic payments of the amount thereof during the course of the investigation
or defense, as and when bills are received or Indemnified Damages are incurred.

 

e. The indemnity
agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party or Indemnified
Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject to pursuant
to the law.

 

7. CONTRIBUTION.

 

To the extent any
indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution
with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law;
provided, however, that: (i) no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution from any seller of Registrable Securities who was not
guilty of fraudulent misrepresentation; and (ii) contribution by any seller of Registrable Securities shall be limited in
amount to the net amount of proceeds received by such seller from the sale of such Registrable Securities.  

 

    	 

    	 

    

 

8. REPORTS UNDER THE EXCHANGE ACT.

 

With a view to making
available to the Investor the benefits of Rule 144 promulgated under the Securities Act or any similar rule or regulation
of the SEC that may at any time permit the Investors to sell securities of the Company to the public without registration (“Rule 144”)
the Company agrees, for a period of one year from the date hereof, to:

 

a. make and
keep public information available, as those terms are understood and defined in Rule 144;

 

b. file with
the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act
so long as the Company remains subject to such requirements and the filing of such reports and other documents is required for
the applicable provisions of Rule 144; and

 

c. furnish to
the Investor so long as the Investor owns Registrable Securities, promptly upon request, (i) a written statement by the Company
that it has complied with the reporting requirements of Rule 144, the Securities Act and the Exchange Act, (ii) a copy
of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and
(iii) such other information as may be reasonably requested to permit the Investor to sell such securities pursuant to Rule 144
without registration.

 

9. AMENDMENT OF REGISTRATION RIGHTS.

 

Provisions of this
Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively
or prospectively), only by a written agreement between the Company and the Investor. Any amendment or waiver effected in accordance
with this Section 9 shall be binding upon the Investor and the Company. No consideration shall be offered or paid to any Person
to amend or consent to a waiver or modification of any provision of any of this Agreement unless the same consideration also is
offered to all of the parties to this Agreement.

 

10. MISCELLANEOUS.

 

a. A Person
is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable Securities.
If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the same Registrable
Securities, the Company shall act upon the basis of instructions, notice or election received from the registered owner of such
Registrable Securities.  

 

b. Any notices,
consents, waivers or other communications required or permitted to be given under the terms of this Agreement 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); or (iii) one business 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:

 

	If to the Company:	 	Soul and Vibe Interactive Inc.
	 	 	1660 South Hwy 100, Suite 500
	 	 	St. Louis Park, MN 55416
	 	 	Telephone Number:  763-400-8040
	 	 	Fax: ___________
	 	 	Attention: Peter Anthony Chiodo, CEO and President

 

    	 

    	 

    

 

	If to the Investor:	 	Beaufort Capital Partners LLC
	 	 	660 White Plains Road, Suite 455
	 	 	Tarrytown, NY 10591
	 	 	 
	 	 	Telephone Number: (914) 332-4500 
	 	 	Fax: (914) 332-4577
	 	 	Attention:  Leib Schaeffer, Managing Member

 

Any party may change its address by providing
written notice to the other parties hereto at least five days prior to the effectiveness of such change. Written confirmation of
receipt (A) given by the recipient of such notice, consent, waiver or other communication, (B) 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 (C) provided by a courier or overnight courier 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.

 

c. Failure of
any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy,
shall not operate as a waiver thereof.

 

d. All questions
concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws
of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State
of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of
New York. Any dispute arising out of or in connection with this Agreement or otherwise relating to the parties relationship that
cannot be settled by the Company and the Investor after discussion shall be settled solely by arbitration. Any such arbitration
shall be fully and finally resolved in binding arbitration in a proceeding in the State of New York, City of New York, in accordance
with the rules of the American Arbitration Association before a single arbitrator.  The arbitrator shall not have the authority
to modify or change any of the terms of this Agreement.  The arbitrator may award interim relief and grant specific performance
in addition to monetary damages. The Company and the Investor further agree that no demand for punitive or exemplary damages shall
be made in any arbitration proceeding. Any monetary award shall be in U.S. dollars.  The arbitrator's award shall be final
and binding upon the parties, and judgment upon the award may be entered in any court of competent jurisdiction in any state of
the United States or country or application may be made to such court for a judicial acceptance of the award and an enforcement
as the law of such jurisdiction may require or allow. 

 

e. This Agreement
shall inure to the benefit of and be binding upon the permitted successors and assigns of each of the parties hereto.

 

f. The headings
in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

g. This Agreement
may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute one and
the same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission
of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

    	 

    	 

    

 

h. Each party
shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such
other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the
intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.   

 

i. The language
used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent and no rules of strict
construction will be applied against any party.

 

j. This Agreement
is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit
of, nor may any provision hereof be enforced by, any other Person.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the parties have caused this Registration Rights Agreement to be duly executed as of day and year first above written.

 

	 	COMPANY:
	 	 
	 	SOUL AND VIBE INTERACTIVE INC.
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	Peter Anthony Chiodo
	 	Title:	Chief Executive Officer
	 	 	 
	 	I INVESTOR:
	 	 
	 	BBEAUFORT CAPITAL PARTNERS LLC
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	Leib Schaeffer
	 	Title:	Managing Member

 

    	 

    	 

    

 

EXHIBIT A

FORM OF NOTICE OF EFFECTIVENESS

OF REGISTRATION STATEMENT

 

Attention:

 

Re:

 

Ladies and Gentlemen:

 

We are counsel to
Soul and Vibe Interactive Inc. (the “Company”), and have represented the Company in connection with that certain
Common Stock Purchase Agreement (the “Agreement”) entered into by and between the Company and Beaufort Capital
Partners LLC (the “Investor”) pursuant to which the Company may require the Investor to purchase shares of its
Common Stock, par value $.001 per share (the “Common Stock”). Pursuant to the Agreement, the Company also has
entered into a Registration Rights Agreement with the Investor (the “Registration Rights Agreement”) pursuant
to which the Company agreed, among other things, to register the Registrable Securities (as defined in the Registration Rights
Agreement) under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the Company’s
obligations under the Registration Rights Agreement, on __, 2015 the Company filed a Registration Statement on Form _____ (File
No. 333-_____) (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”)
relating to the Registrable Securities which names the Investor as a selling stockholder thereunder.

 

In connection with
the foregoing, we advise you that a member of the SEC’s staff has advised us by telephone that the SEC has entered an order
declaring the Registration Statement effective under the Securities Act at [ENTER TIME OF EFFECTIVENESS] on [ENTER DATE
OF EFFECTIVENESS] and we have no knowledge, after telephonic inquiry of a member of the SEC’s staff, that any stop order
suspending its effectiveness has been issued or that any proceedings for that purpose are pending before, or threatened by, the
SEC and the Registrable Securities are available for resale under the Securities Act pursuant to the Registration Statement.

 

	 	Very truly yours,
	 	 	 
	 	By:	 

 

cc: _________________Exhibit 10.3

 

ESCROW AGREEMENT

 

This ESCROW AGREEMENT
(this “Agreement”) made as of the 11th day of February, 2015 (the “Effective Date”),
by and between Soul and Vibe Interactive Inc. (the “Company”), Beaufort Capital Partners LLC (the “Investor”),
and Matthew McMurdo, Esq. (the “Escrow Agent”).

 

WITNESSETH:

 

WHEREAS, the Investor
proposes to reimburse legal expenses related to the definitive documents required for an equity line financing (the “Expenses”),
on behalf of the Company, necessary to file a registration statement on Form S-1 (the “S-1”), pursuant to a
registration rights agreement, by and between the Investor and the Company, dated February 11, 2015 (the “Registration
Rights Agreement”);

 

WHEREAS, in return
for payment of the Expenses, the Company has agreed to deposit 7,000,000 shares of its common stock (the “Shares”)
into an escrow account (the “Escrow Account”);

 

WHEREAS, the Company
has agreed to cause the 7,000,000 Shares to be delivered to the Escrow Agent in the form of two certificates, one for 6,000,000
Shares (the “Primary Certificate”), and one for 1,000,000 Shares (the “Secondary Certificate”
and together with the Primary Certificate, the “Certificates”)

 

WHEREAS, the Escrow
Agent has agreed to hold the Certificates as Escrow Agent pursuant to the terms of this agreement.

 

NOW, THEREFORE, in
consideration of the premises and mutual covenants herein contained, the parties hereto hereby agree as follows:

 

1.Deposit.
The Company shall promptly deliver the Certificates covering the Shares, along with an executed stock power, to the Escrow Agent
at the following address:

 

Matthew McMurdo, Esq.

28 West 44th
Street

16th Floor

New York, NY 10036

 

2. Disbursement
of the Certificates.

 

2.1 The Escrow Agent
shall deliver the Primary Certificate to the Company upon the Securities and Exchange Commission (the “SEC”)
declaring the S-1 effective (the “Effective Date”).

 

    	 

    	 

    

 

2.2Unless the Common
Stock Purchase Agreement is terminated by the Company, pursuant to Section 8.1 of the Common Stock Purchase Agreement, prior to
the date on which the Investor shall have purchased or acquired shares of common stock of the Company pursuant to the Common Stock
Purchase Agreement in an amount equal to $500,000 (the “Expiration”), the Escrow Agent shall deliver the Secondary
Certificate to the Company immediately following the date of the Expiration.

 

2.3 If (i) the Registration
Statement does not become effective within 6 months following the date of the Common Stock Purchase Agreement, or (ii) there is
a breach of any material term of the Registration Rights Agreement or the Common Stock Purchase Agreement (either (i) or (ii) above,
a “Breach Event”), the Escrow Agent shall deliver the Certificates to the Investor.

 

2.4If no Breach Event
occurs, but the Company terminates the Common Stock Purchase Agreement, in accordance with Section 8.1 of the Common Stock Purchase
Agreement, prior to the Expiration, the Escrow Agent shall deliver the Secondary Certificate to the Investor.

 

2.5Upon disbursement
of the Certificates, letter(s) of instruction and related documents, pursuant to the terms of Section 2.1 or 2.2, the Escrow Agent
shall be relieved of further obligations and released from all liability under this Agreement.

 

3.Rights, Duties
and Responsibilities of Escrow Agent. It is understood and agreed that the duties of the Escrow Agent are purely ministerial
in nature, and that:

 

3.1 The Escrow Agent
shall notify the parties hereto of his receipt of the Shares.

 

3.2 The Escrow Agent
shall not be responsible for the performance by the Company or the Investor of their respective obligations under this Agreement
or the Registration Rights Agreement.

 

3.3 If the Escrow
Agent is uncertain as to its duties or rights hereunder or shall receive instructions with respect to the Escrow Account which,
in his sole determination, are in conflict either with any provision of this Agreement, he shall deposit the Shares with the court
for the resolution of such dispute by final judgment of a court of competent jurisdiction or otherwise.

 

3.4 The Escrow Agent
shall not be liable for any action taken or omitted hereunder, or for the misconduct of any employee, agent or attorney appointed
by it, except in the case of willful misconduct or gross negligence. The Escrow Agent shall be entitled to consult with counsel
of its own choosing and shall not be liable for any action taken, suffered or omitted by it in accordance with the advice of such
counsel.

 

3.5 The Escrow Agent
shall have no responsibility at any time to ascertain whether or not any security interest exists in the Escrow Amount or any part
thereof or to file any financing statement under the Uniform Commercial Code with respect to the Escrow Amount or any part thereof.

 

    	2

    	 

    

 

4.Amendment;
Resignation or Removal of Escrow Agent. This Agreement may be altered or amended only with the written consent of the Company,
the Investor and the Escrow Agent. The Escrow Agent may resign and be discharged from its duties hereunder at any time by giving
written notice of such resignation to the Company and the Investor specifying a date when such resignation shall take effect and
upon delivery of the Shares to the successor escrow agent designated by the Company and Investor in writing. Such successor Escrow
Agent shall become the Escrow Agent hereunder upon the resignation date specified in such notice. If the Company and the Investor
fail to designate a successor Escrow Agent within thirty (30) days after such notice, then the resigning Escrow Agent shall promptly
refund the Certificates to the Company. The Escrow Agent shall continue to serve until its successor accepts the escrow and receives
the Certificates. Upon its resignation and delivery of the Certificates as set forth in this Section 4, the Escrow Agent shall
be discharged of and from any and all further obligations arising in connection with the escrow contemplated by this Agreement.
The resigning Escrow Agent shall be entitled to be reimbursed by the Company and the Investor for any expenses incurred in connection
with its resignation, transfer of the Certificates to a successor escrow agent or distribution of the Certificates pursuant to
this Section 4.

 

5. Representations
and Warranties. The Company and the Investor hereby, severally represent and warrant to the Escrow Agent that:

 

5.1 No party other
than the parties hereto have, or shall have, any lien, claim or security interest in the Shares or any part thereof.

 

5.2 No financing
statement under the Uniform Commercial Code is on file in any jurisdiction claiming a security interest in or describing (whether
specifically or generally) the Shares or any part thereof.

 

5.3 All of the
information contained in this Agreement is, as of the date hereof, and will be, at the time of any disbursement of the Certificates,
true and correct.

 

6. Indemnification
and Contribution.

 

6.1 The Company
and the Investor (together, the “Indemnitors”) agree to indemnify the Escrow Agent and its officers, directors,
employees, agents and shareholders (collectively referred to as the “Indemnitees”) against, and hold them harmless
of and from, any and all loss, liability, cost, damage and expense, including without limitation, reasonable counsel fees, which
the Indemnitees may suffer or incur by reason of any action, claim or proceeding brought against the Indemnitees arising out of
or relating in any way to this Agreement or any transaction to which this Agreement relates, unless such action, claim or proceeding
is the result of the willful misconduct or gross negligence of any or all of the Indemnitees.

 

    	3

    	 

    

 

6.2 If the indemnification
provided for in Section 6.1 is applicable, but for any reason is held to be unavailable, the Indemnitors shall contribute such
amounts as are just and equitable to pay, or to reimburse the Indemnitees for, the aggregate of any and all losses, liabilities,
costs, damages and expenses, including counsel fees, actually incurred by the Indemnitees as a result of or in connection with,
and any amount paid in settlement of, any action, claim or proceeding arising out of or relating in any way to any actions or omissions
of the Indemnitors or any one of them.

 

6.3 The provisions
of this Article 6 shall survive any termination of this Agreement, whether by disbursement of the Escrow Amount, resignation of
the Escrow Agent or otherwise.

 

7.Termination
of Agreement. This Agreement shall terminate on the final disposition of the Certificates pursuant to Section 2, provided that
the rights of the Escrow Agent and the obligations of the other parties hereto shall survive the termination hereof and the resignation
or removal of the Escrow Agent.

 

8. Governing
Law and Assignment. This Agreement shall be construed in accordance with and governed by the laws of the State of New York,
without regard to the conflicts of laws principles thereof, and shall be binding, upon the parties hereto and their respective
successors and assigns; provided, however, that any assignment or transfer by any party of its rights under this
Agreement or with respect to the Escrow Amounts shall be void as against the Escrow Agent unless (a) written notice thereof shall
be given to the Escrow Agent; and (b) the Escrow Agent shall have consented in writing to such assignment or transfer.

 

9. Notices.
All notices required to be given in connection with this Agreement shall be sent by (i) facsimile transmission or email in portable
document format (.pdf), (ii) registered or certified mail, return receipt requested, (iii) hand delivery with receipt acknowledged,
or (iv) by the Express Mail service offered by the United States Postal Service, and addressed, if to the Buyer or Investor, at
their respective address set forth above, and if to the Escrow Agent, at its address set forth above.

 

10. Severability.
If any provision of this Agreement or the application thereof to any person or circumstance shall be determined to be invalid or
unenforceable, the remaining provisions of this Agreement or the application of such provision to persons or circumstances other
than those to which it is held invalid or unenforceable shall not be affected thereby and shall be valid and enforceable to the
fullest extent permitted by law.

 

11. Execution
in Several Counterparts. This Agreement may be executed in several counterparts or by separate instruments and by facsimile
transmission, and all of such counterparts and instruments shall constitute one agreement, binding on all of the parties hereto.

 

12. Entire
Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof
and supersedes all prior agreements and understandings (written or oral) of the parties in connection therewith. If any conflict
arises between this Agreement and the Option Agreement, the Option Agreement shall control.

 

    	4

    	 

    

 

 

IN WITNESS WHEREOF, the undersigned have
executed this Agreement as of the day and year first above written.

 

 

	 	ESCROW AGENT
	 	 
	 	MATTHEW MCMURDO, ESQ.
	 	 
	 	 
	 	 
	 	  
	 	 
	 	COMPANY
	 	 
	 	SOUL AND VIBE INTERACTIVE INC.
	 	 
	 	 
	 	Name: Peter Anthony Chiodo
	 	Title: Chief Executive Officer
	 	 
	 	 
	 	 
	 	INVESTOR
	 	 
	 	BEAUFORT CAPITAL PARTNERS LLC
	 	 
	 	 
	 	Name: Leib Schaeffer
	 	Title: Managing Member
	 	 
	 	 

 

 

 

    	5

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