Document:

NOTE AMENDMENT

 

Reference is made to
those certain secured convertible promissory notes issued to Mark A Wilton (“Holder”) by Next 1 Interactive, Inc. (“Maker”
or “Next 1”), dated April 15, 2011, April 15, 2001, April 15, 2011, October 14, 2011, January 3, 2012, January 12,
2012, May 15, 2012 and October 4, 2012, respectively, in the amounts of $4,388,526, $211,000, $1,500,000, $83,000, $100,000, $100,000,
$75,000 and $505,000, respectively and totaling $6,962,526, copies of which are attached hereto (the “Notes”).
The current balance of these Notes after conversions, assignments and interest totals $6,055,095 as of November 30, 2013. Capitalized
terms used and not defined herein shall have the meanings set forth in the respective Notes.

 

WHEREAS, the
Maker has sought the Holder’s consent to amend the Notes to help Maker build its business operations while allowing it to
continue to only make interest payments to Holder.

 

NOW, THEREFORE,
in consideration of the mutual covenants contained herein below, and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties agree to amend the Notes as follows:

 

		1.	The Maturity Date of each of the Notes shall be extended to December 1st, 2014. In addition,
on or after December 1, 2014, the Maker shall have the right to extend the Maturity Date of each of the Notes to December 1st,
2015 provided that all quarterly interest payments of $90,000 due January 15, April 15, July 15 and October 15, 2014 due to Holder
from Maker under the Notes have been paid.

 

		2.	The Variable Conversion Price as applied to each of the Notes shall no longer be based or determined
on Market Price and shall instead be defined as a fixed amount of fifty cents ($.50) per share. The adjustment of the conversion
price to this agreed to floor will allow Next 1 to obtain additional financing and implement certain new programs as described
in Attachment “A”.

 

    	 

    	 

    

 

		3.	The Maker shall have the right to convert the unpaid principal amount of the Notes and any interest
accrued thereon into the Next 1 Interactive, Inc. Stock upon ninety (90) days prior written notice to Holder following the earlier
to occur of: (i) the Maker’s filing of a quarterly or annual report with the Securities and Exchange Commission which reports
that the Company (Maker or its subsidiary RealBiz Media Group, Inc.) generated operating profit from its operations during the
fiscal quarter to which the report relates; or (ii) the closing price for the Maker’s common stock on its principal market
equals or exceeds one dollar and fifty cents ($1.50) and has held that value or better for more than 10 consecutive days and
that all Next 1 Interactive, Inc. Common shares given to Holder shall be free and clear with no restrictions.

 

		4.	In addition, Holder shall receive on the date hereof a warrant to purchase 12,000,000 shares of
RealBiz Media Group, Inc. at a warrant exercise price of fifty cents ($.50) per share, exercisable for a period of one (1) year
from issuance provided that Holder has not declared any default under the Notes. The exercise of warrants into common shares
of RealBiz will have no Company restrictions imposed and will only be subject to those restrictions imposed by SEC. The Holder
shall have the right to extend the exercisable period of these warrants for an additional year in the event he extends the Notes.

 

		5.	The Notes, as amended by this Amendment, contain the entire agreement between the parties hereto
regarding same, and there are no other agreements, warranties or representations which are not set forth therein or herein. This
Amendment may not be modified or amended except by an instrument in writing duly signed by or on behalf of the parties hereto.

 

		6.	This Amendment shall be governed by and construed and enforced in accordance with the local laws
of the State of Florida applicable to agreements made and to be performed entirely within the State, without regard to conflict
of laws principles.

 

		7.	This Amendment may be executed simultaneously in any number of counterparts, each of which shall
be deemed an original but all of which together shall constitute one and the same instrument.

 

 

 

    	 

    	 

    

 

Executed February 24, 2014.

 

NEXT 1 INTERACTIVE, INC. (“MAKER”)HOLDER:

 

 

	By:	/s/Bill Kerby	 	/s/ Mark A. Wilton	 
	 	Bill Kerby – CEO	Mark A. Wilton

 

 

 

ACKNOWLEDGED AND AGREED

 

Regarding Section 4 above

 

 

 

REALBIZ MEDIA GROUP, INC.

 

 

	By:	/s/ Bill Kerby	 
	 	Bill Kerby – CEO

 

 

 

 

 

 

    	 

    	 

    

 

Attachment “A”

 

As part of this agreement the Company undertakes
to use its best efforts to begin to implement new travel programs in efforts to cause revenue generation. As part of these efforts
the company will complete the following projects within 90 days of the execution of this note.

 

 

		1.	To complete a joint venture transaction with Mark Travel for co-ownership of the VoyageTV film
assets and website.

 

		2.	To cause Realbiz to issue not less than an additional 22 million Preferred A shares to Next 1.

 

 

		3.	To cause Realbiz to transfer to Next 1 the necessary rights required to allow Next 1 to utilize
the RealBiz technology platforms such that Next 1 can adapt the technology at its expense for use in a travel agent environment.
Such transfer will be done at no cost to Next 1 and all modifications will be done at Next 1’s expense.THIS WARRANT AND THE SHARES ISSUABLE
UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE
SECURITIES LAW. THIS WARRANT OR SUCH SHARES MAY NOT BE SOLD, DISTRIBUTED, PLEDGED, OFFERED FOR SALE, ASSIGNED, TRANSFERRED, OR
OTHERWISE DISPOSED OF UNLESS: (A) THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES
LAW COVERING ANY SUCH TRANSACTION INVOLVING SAID SECURITIES; (B) THE COMPANY (DEFINED BELOW) RECEIVES AN OPINION OF LEGAL
COUNSEL FOR THE HOLDER OF THIS WARRANT STATING THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION AND SUCH OPINION IS IN FORM AND
SUBSTANCE REASONABLY SATISFACTORY TO THE COMPANY; OR (C) PURSUANT TO RULE 144 UNDER SUCH ACT.

 

 

WARRANT

 

TO PURCHASE COMMON STOCK OF

 

REALBIZ MEDIA GROUP, INC.

 

THIS IS TO CERTIFY that, as of February
24, 2014, for value received and subject to the provisions hereinafter set forth, MARK A WILTON is entitled
to purchase from REALBIZ MEDIA GROUP, INC., a Delaware corporation (the “Company”), at a price of $0.50
per share, subject to adjustment as herein provided (as may be adjusted, the “Warrant Price”), 12,000,000
shares of Common Stock of the Company (“Common Stock”), less the number of shares purchased by the holder upon
the exercise of this Warrant from time to time as noted on Schedule A hereto (the number of shares available for purchase hereunder
at any time, subject to adjustment as hereinafter provided, is referred to as the “Warrant Number”).

 

1.
Exercise of Warrant.

 

1.1.Terms of Exercise. Subject to the condition
that the holder has not declared any default under the Note Amendment dated February 24, 2014 and the other conditions hereinafter
set forth, this Warrant may be exercised in whole at any time, or in part from time to time, by the holder hereof, by the surrender
of this Warrant, together with written instructions as to the number of shares to be purchased, at the principal office of the
Company Weston, Florida or at such other office as the Company may designate by written notice to the holder hereof within the
above-mentioned period and upon payment to the Company of the aggregate Warrant Price (or the proportionate part thereof if exercised
in part) for the shares so purchased in current funds. This Warrant and all rights hereunder shall expire and shall be null and
void to the extent not exercised before this Warrant expires at the close of business on February 23, 2015 (the “Expiration
Date”).

 

1.2. Payment of Exercise Price. Payment for the
Warrants may be made in cash, by certified or official bank check.

 

    	 

    	 

    

 

 

1.3.Partial Exercise. Each
time this Warrant shall be exercised in respect of fewer than all of the shares of Common Stock at the time purchasable hereunder
(and there shall be no limitation on the number of times the holder may partially exercise this Warrant), and upon surrender of
this Warrant by the holder to the Company upon exercise, then, at the election of the Company, either (i) the holder hereof shall
be entitled to receive a replacement Warrant covering the number of shares in respect of which this Warrant shall not have been
exercised and setting forth the aggregate Warrant Price applicable to such shares, which replacement Warrant shall be identical
in all respects to this Warrant except for the date of issuance and the number of shares issuable upon the exercise thereof, or
(ii) the Company shall make a notation on Schedule A hereto reflecting the number of shares of Common Stock purchased upon any
exercise hereof.

 

1.4Issuance of Certificate.
The shares of Common Stock so purchased shall be deemed to be issued to the holder, as the record owner of such shares, as of the
close of business on the date on which this Warrant shall have been surrendered, the completed exercise agreement shall have been
delivered, and payment shall have been made for such shares as set in Section 1.2 above. Certificates for the shares of Common
Stock so purchased, representing the aggregate number of shares specified in the exercise agreement, shall be delivered to the
holder within a reasonable time, not exceeding ten (10) business days, after this Warrant shall have been so exercised. The
certificates so delivered shall be in such denominations as may be reasonably requested by the holder and shall be registered in
the name of the holder. If this Warrant shall have been exercised only in part, then, unless this Warrant has expired, the Company
shall, at its expense, at the time of delivery of such certificates, deliver to the holder a new warrant representing the number
of shares of Common Stock with respect to which this Warrant shall not then have been exercised.

 

1.5Exercise Period. This
Warrant may be exercised any time before 5:00 p.m., Eastern Standard time, on the Expiration Date.

 

2.Reservation
of Common Stock. The Company covenants and agrees that during the period within which the rights represented by this Warrant
may be exercised, the Company will at all times have authorized, and in reserve, a sufficient number of shares of its Common Stock
to provide for the exercise of the rights represented by this Warrant.

 

3.Protection
Against Dilution. The Warrant Number is subject to adjustment from time to time upon the occurrence of the events enumerated
in, or as otherwise provided in, this Section 3.

 

3.1Adjustment for Change in Capital Stock. If
the Company:

 

(1)pays a dividend or makes
a distribution on its Common Stock in shares of its Common Stock;

 

(2)subdivides or reclassifies
its outstanding shares of Common Stock into a greater number of shares;

 

    	 

    	 

    

 

 

(3)combines or reclassifies
its outstanding shares of Common Stock into a smaller number of shares;

 

(4)makes a distribution on
its Common Stock in shares of capital stock other than Common Stock; or

 

(5)issues by reclassification
of its Common Stock any shares of its capital stock;

 

then the Warrant Number in effect immediately prior to such
action shall be proportionately adjusted so that the holder may receive the aggregate number and kind of shares of capital stock
of the Company or other capital stock which such holder would have owned immediately following such action if such Warrant had
been exercised immediately prior to such action. If, as a result of any adjustment pursuant to this Section 3.1, the holder shall
become entitled to receive shares of two or more classes or series of securities of the Company or otherwise, the Board of Directors
of the Company shall equitably determine the allocation of the adjusted Warrant Price between or among such classes or series.

 

The adjustment shall become effective immediately
after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision,
combination or reclassification.

 

Such adjustment shall be made successively
whenever any event listed above shall occur.

 

3.2Notice of Adjustment. Whenever the Warrant
Number is adjusted, the Company shall provide notice thereof to the holder.

 

3.3Additional Adjustments.In
the event of any and all adjustments to the Warrant Number in accordance with this Section 3, the per share Warrant Price shall
be adjusted so that it is equal to the quotient of (a) the aggregate Warrant Price and (b) the Warrant Number as adjusted.

 

4.Mergers, Consolidations, Sales;
Non-Impairment of Rights. The Company will not, by amendment of its Articles of Incorporation or through any reorganization,
recapitalization, transfer of assets, consolidation, merger, dissolution, issuance or sale of securities or any other voluntary
action, avoid or seek to avoid the performance of any of the terms of this Warrant, but will at all times in good faith take all
necessary action to carry out the intent of all such terms. Without limiting the generality of the foregoing, the Company (a) will
not cause the par value of any securities receivable on exercise of this Warrant to be in excess of the amount payable therefor
on such exercise, and (b) will take all action as may be necessary or appropriate so that the Company may validly and legally issue
fully paid and nonassessable shares (or other securities or property deliverable hereunder) upon the exercise of this Warrant.

 

This Warrant shall bind the successors and
assigns of the Company. In the case of any consolidation or merger of the Company with another entity, or the sale of all or substantially
all of its assets to another entity, or any reorganization or reclassification of the Common Stock or other equity securities of
the Company (except a split up or combination, provision for which is made in Section 3), then, as a condition of such consolidation,
merger, sale, reorganization or reclassification, lawful and adequate provision shall be made whereby the holder of this Warrant
shall thereafter have the right to receive upon the basis and upon the terms and conditions specified herein and in lieu of the
shares of Common Stock immediately theretofore purchasable hereunder, such shares of stock, securities or assets as may (by virtue
of such consolidation, merger, sale, reorganization or reclassification) be issued or payable with respect to or in exchange for
a number of outstanding shares of Common Stock equal to the number of shares of Common Stock immediately theretofore so purchasable
hereunder had such consolidation, merger, sale, reorganization or reclassification not taken place, and in any such case appropriate
provision shall be made with respect to the rights and interests of the holder of this Warrant to the end that the provisions hereof
(including, without limitation, provisions for adjustment of the Warrant Number and the per share Warrant Price) shall thereafter
be applicable as nearly as may be, in relation to any shares of stock, securities or assets thereafter deliverable upon exercise
of this Warrant. The Company shall not effect any such consolidation, merger or sale, unless prior to or simultaneously with the
consummation thereof, the successor entity (if other than the Company) resulting from such consolidation or merger or the entity
purchasing such assets shall assume by written instrument the obligation to deliver to the holder such shares of stock, securities
or assets as, in accordance with the foregoing provisions, such holder may be entitled to receive.

 

    	 

    	 

    

 

 

Notwithstanding the foregoing, if any event
occurs as to which the other provisions of this Warrant are not strictly applicable or if strictly applicable would not fairly
protect the purchase rights of this Warrant in accordance with the essential intent and principles of such provisions, then the
Board of Directors shall make an adjustment in the application of such provisions, in accordance with such essential intent and
principles, in order to protect such purchase rights, and shall provide notice thereof to the holder of this Warrant.

 

5.Dissolution or Liquidation.
In the event of any proposed distribution of the assets of the Company in dissolution or liquidation (except under circumstances
when the foregoing Section 4 shall be applicable) the Company shall mail notice thereof to the holder of this Warrant and shall
make no distribution to shareholders until the expiration of 30 days from the date of mailing of the aforesaid notice and, in any
such case, the holder of this Warrant may exercise this Warrant within 30 days from the date of mailing such notice, and all rights
herein granted not so exercised within such 30 day period shall thereafter become null and void.

 

6.Fractional Shares. The
Company shall not issue any fractional shares nor scrip representing fractional shares upon exercise of any portion of this Warrant.

 

7.Fully Paid Stock; Taxes.
The Company covenants and agrees that the shares of stock represented by each and every certificate for its Common Stock to be
delivered on any exercise of this Warrant shall, at the time of such delivery, be duly authorized, validly issued and outstanding
and be fully paid and nonassessable. The Company further covenants and agrees that it will pay when due and payable any and all
federal and state taxes, other than taxes on income, which may be payable in respect of this Warrant or any Common Stock or certificates
therefor upon the exercise of the rights herein provided for pursuant to the provisions hereof. The Company shall not, however,
be required to pay any tax which may be payable in respect of any transfer involved in the transfer and delivery of stock certificates
in the name other than that of the holder of the Warrant converted, and any such tax shall be paid by such holder at the time of
presentation.

 

    	 

    	 

    

 

8.Closing of Transfer Books.
The holder of this Warrant shall continue to have the right to exercise this Warrant even during a period when the stock transfer
books of the Company for its Common Stock are closed. The Company shall not be required, however, to deliver certificates of its
Common Stock upon such exercise while such books are duly closed for any purpose, but the Company may postpone the delivery of
the certificates for such Common Stock until the opening of such books, and they shall, in such case, be delivered forthwith upon
the opening thereof, or as soon as practicable thereafter.

 

9.Assignments.
The holder shall be permitted to assign, sell or otherwise transfer this Warrant, subject to the Company’s receipt of an
opinion of counsel to the holder, which counsel and which opinion shall be reasonably acceptable to the Company, to the effect
that such assignment, sale or other transfer is permitted under applicable state and federal securities laws.

 

10.Lost, Stolen Warrants, etc.
In case any Warrant shall be mutilated stolen or destroyed, the Company may issue a new Warrant of like date, tenor and denomination
and deliver the same in exchange and substitution for and upon surrender and cancellation of any mutilated Warrant, or in lieu
of any Warrant lost, stolen or destroyed, upon receipt of evidence satisfactory to the Company of the loss, theft or destruction
of such Warrant, and upon receipt of indemnity satisfactory to the Company.

 

11.Warrant Holder Not Shareholder.
This Warrant does not confer upon the holder hereof any right to vote or to consent or to receive notice as a shareholder of the
Company, as such, in respect of any matters whatsoever, or any other rights or liabilities as a shareholder, prior to the exercise
hereof as hereinbefore provided.

 

12.Payment of Expenses.
The Company shall reimburse the holder of this Warrant for all costs and expenses incurred by such holder (including without limitation
the legal fees of the holder) in connection with: (i) the negotiation, preparation, execution and delivery of this Warrant
and the other agreements to be executed in connection herewith; (ii) the issuance of certificates for shares of Common Stock
upon the exercise of this Warrant; and (iii) the enforcement by the holder of this Warrant. The Company shall pay any issuance
tax in connection with the issuance of certificates for the shares of Common Stock upon the exercise of the Warrant; provided,
however, that the Holder shall be responsible for any income or other taxes in connection with such issuance.

 

13.Severability. Should
any part of this Warrant for any reason be declared invalid, such decision shall not affect the validity of any remaining portion,
which remaining portion shall remain in force and effect as if this Warrant had been executed with the invalid portion thereof
eliminated, and it is hereby declared the intention of the parties hereto that they would have executed and accepted the remaining
portion of this Warrant without including therein any such part, parts or portion which may, for any reason, be hereafter declared
invalid.

 

    	 

    	 

    

 

 

14.Notice. All notices and other communications
required or permitted to be given under any Agreement shall be personally delivered or shall be sent by certified mail, return
receipt requested, postage prepaid, overnight delivery or confirmed facsimile transmission to the Company at its principal address
in Fort Lauderdale, Florida and to the holder of this Warrant at that holder’s address in the records of the Company or,
as to either party or any subsequent holder of this Warrant, to such other address and/or facsimile number as such party designates
by written notice to the other party or parties. [Signature Page Follows]

 

 

    	 

    	 

    

 

 

IN WITNESS WHEREOF, the Company has caused
this Warrant to be signed and attested by its duly authorized officers as of the day and year first set forth above.

 

	
         

         
	 	REALBIZ MEDIA GROUP, INC.
	 	 	 
	 	 	By:	/s/ William Kerby
	 	 	 	William Kerby
	 	 	 	Chairman, Chief Executive Officer
	 	 	 	 	 

 

 

 

 

    	Warrant to Purchase Common Stock

    	 

    

 

Schedule A

 

Shares of Common Stock Purchased Upon
Exercise

 

 

	
         

        Date of Exercise 
	
         

        Number of Shares
	Signature of an authorized officer of REALBIZ MEDIA GROUP, INC.	
        Signature of the holder of 

        the Warrant

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

 

    	Warrant to Purchase Common Stock

    	 

    

 

 

ASSIGNMENT

 

FOR VALUE RECEIVED _________________________hereby
sells, assigns and transfers unto _______________________ the within Warrant and all rights evidenced thereby and does irrevocably
constitute and appoint __________________________, attorney, to transfer the said Warrant on the books of the within named Company.

 

 

	 	 
	 	 
	 	 	 
	 	By:	 
	 	 	 
	 	 	 
	 	Its:	 

 

 

 

Dated: _____________________________

 

    	Warrant to Purchase Common Stock

    	 

    

 

PARTIAL
ASSIGNMENT

 

 

FOR VALUE RECEIVED ________________________
hereby sells, assigns and transfers unto _______________________ that portion of the within Warrant and the rights evidenced
thereby which will an the date hereof entitle the holder to purchase __________ shares of Common Stock of Realbiz Media Group Inc.,
and does hereby irrevocably constitute and appoint __________________________, attorney, to transfer that part of the said Warrant
on the books of the within named Company.

 

 

 

	 	 
	 	 
	 	 	 
	 	By:	 
	 	 	 
	 	 	 
	 	Its:	 

 

 

 

Dated: _____________________________

 

    	Warrant to Purchase Common Stock

    	 

    

 

 

SUBSCRIPTION

 

(To be completed and signed only upon an exercise of the
Warrant in whole or in part)

 

TO:REALBIZ MEDIA GROUP, INC..: Christie Vargas [cvargas@nxoi.com]

 

The undersigned, the holder of the attached
Warrant, hereby irrevocably elects to exercise the purchase right represented by the Warrant for, and to purchase thereunder, ______
shares of Common Stock (or other securities or property), and herewith makes payment of $____________ therefor in cash, by certified
or official bank check or such other form of payment as may be permitted under the Warrant. The undersigned hereby requests that
the Certificate(s) for such securities be issued in the name(s) and delivered to the address(es) as follows:

 

	Name:	 	 
	 	 	 
	Address:	 	 
	 	 	 
	Social Security Number:	 	 
	 	 	 
	Deliver to:	 	 
	 	 	 
	Address:	 	 

 

If the foregoing Subscription evidences
an exercise of the Warrant to purchase fewer than all of the Shares (or other securities or property) to which the undersigned
is entitled under such Warrant, please issue a new Warrant, of like date and tenor, for the remaining portion of the Warrant (or
other securities or property) in the name(s), and deliver the same to the address(ee’s), as follows:

 

	Name:	 	 
	 	 	 
	Address:	 	 

 

DATED:____________________, 20___

 

		 	 
	(Social Security or Taxpayer Identification	 	(Name of Holder)
	Number of Holder)	 	 

 

	 	____________________________________
	 	 
	 	(Signature of Holder or Authorized Signatory)
	 	Signature Guaranteed:

 

    	Warrant to Purchase Common Stock

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00227-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00227-of-00352.parquet"}]]