Document:

EX-10.1

 EXHIBIT 10.1 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”), is made by and between CBIZ, Inc., a Delaware corporation, and any successor thereto
(the “Company”), and Jerome P. Grisko, Jr. (“Executive”), dated as of the 1st day of September, 2016 and effective as of that same date (the “Effective Date”). 

WHEREAS, the Company and Executive are party to that certain Amended Severance Protection Agreement, dated as of December 31, 2008 (the
“Prior Agreement”); 
 WHEREAS, the Company and Executive desire Executive to continue in the employ of the Company, but under the
new terms of this Agreement, which replaces and supersedes the Prior Agreement; 
 NOW THEREFORE, in consideration of the premises and the
mutual promises, representations, warranties and covenants contained in this Agreement, the receipt and sufficiency of which are hereby acknowledged, the Company and Executive agree as follows: 

1.    Employment. The Company hereby agrees to employ Executive as the President and Chief Executive Officer of the
Company, and Executive hereby agrees to such employment, on the terms and conditions hereinafter set forth. 

2.    Term. The term of this Agreement shall commence as of the Effective Date and shall continue until the
date that either the Company or Executive terminate this Agreement in accordance with Sections 6 and 7 of this Agreement (the “Employment Period”). 

3.    Position and Duties. During the Employment Period, Executive shall serve as the President and Chief Executive
Officer of the Company and shall report to the Board of Directors of the Company (the “Board”). Subject to the supervisory powers of the Board, Executive shall have those powers and duties normally associated with the position of President
and Chief Executive Officer and such other powers and duties as may be prescribed by the Board; provided, that such other powers and duties are consistent with Executive’s position. Executive shall devote substantially all of his working time,
attention and energies to the performance of his duties for the Company. In addition, during the Employment Period, Executive shall be nominated to serve as a member of the Board and, if elected, shall serve as a member of the Board for no
additional compensation. Notwithstanding the above, Executive shall be permitted, to the extent such activities do not substantially interfere with the performance by Executive of his duties and responsibilities hereunder or violate Section 10 of
this Agreement, to (a) manage 

 
Executive’s personal, financial and legal affairs, including investing in other businesses, and (b) serve on other corporate and not-for-profit boards; provided, however, that before
Executive joins the board of directors of another public company, Executive shall seek the approval of the Board, which shall not be unreasonably withheld. 

4.    Place of Performance. The principal place of employment of Executive shall be at the Company’s principal
executive offices in Cleveland, Ohio; provided, that Executive shall be required to travel to other Company offices and on Company business. 

5.    Compensation and Related Matters. 

(a)    Base Salary and Bonus. During the Employment Period the Company shall pay Executive a base salary of not
less than $642,000 per year (“Base Salary”). Executive’s Base Salary shall be paid in approximately equal bi-monthly installments in accordance with the Company’s customary payroll practices, as the same may be amended from time
to time. If Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this Agreement. In addition, Executive shall be eligible to receive an annual bonus(es) upon
the achievement of pre-established performance goals which are set by the Compensation Committee of the Board after consultation with Executive (the “Bonus(es)”). Such Bonus(es) shall be paid in one lump sum amount at such time as the
Company customarily pays bonuses to senior executive officers, which the Company will pay between January 1st and March 15th of the calendar
year following the year in which the Bonus is earned. 
 (b)    Options and Restricted Shares. At the meeting of
the Compensation Committee of the Board held May 10, 2016, the Company granted to Executive non-qualified stock options (“Company Stock Options”) to acquire 180,000 shares of the common stock of the Company (the “Company Stock”),
and 48,000 restricted shares of Company Stock (“Restricted Stock”), all pursuant to the Company’s 2014 Stock Incentive Plan (the “Stock Incentive Plan”). (The initial grants of Company Stock Options and Restricted Stock are
hereafter collectively referred to as the “Initial Grants”.) During the Employment Period, on an annual basis following the Effective Date, the Company shall grant to Executive additional Company Stock Options and Restricted Shares valued
at no less than 80% of the grant date fair value as computed in accordance with FASB ASC Topic 718 (“Grant Date Fair Value”) of the Initial Grants if Executive is employed by the Company on the applicable grant date selected by the
Company. Notwithstanding the foregoing, if the Company grants less than 80% of the Grant Date Fair Value of the Initial Grants to Executive in any year after 2016, Executive’s legal or equitable remedies for such award are limited solely
to elect a Good Reason termination pursuant to Section 6(d)(iii) of this Agreement. 
 (c)    Automobile. During
the Employment Period, the Company will provide Executive with an automobile of his choice for purposes of conducting Company business. 

 (d)    Expenses. Subject to Section 19(c) of this Agreement, the
Company shall promptly reimburse Executive for all reasonable business expenses upon the presentation of reasonably itemized statements of such expenses in accordance with the Company’s policies and procedures now in force or as such policies
and procedures may be modified with respect to all senior executive officers of the Company. 

(e)    Vacation. During the Employment Period, Executive shall be entitled to participate in the vacation and
sick leave policy applicable to other most senior ranking officers of the Company as the same may be amended from time to time, provided that in no event shall Executive be entitled to less than five (5) weeks of vacation per year. 

(f)    Services Furnished. During the Employment Period, the Company shall furnish Executive with office
space, stenographic and secretarial assistance and such other facilities and services comparable to those provided to the Company’s senior executive officers. 

(g)    Club Membership. During the Employment Period, the Company shall pay for or reimburse Executive for the cost
of reasonable membership initiation fee, dues, and any assessments for one country club of his choice, plus a tax gross-up with respect to any initiation fees, dues and assessments.

(h)    Welfare, Pension and Incentive Benefit Plans. During the Employment Period, Executive shall be entitled
to participate in and be covered under all the welfare, retirement and other employee benefit plans or programs maintained by the Company from time to time for the benefit of its senior executive officers including, without limitation, all medical,
hospitalization, dental, disability, accidental death and dismemberment, travel accident insurance plans and programs, retirement, and savings plans. 

(i)    Life Insurance. During the Employment Period, the Company shall pay, or reimburse Executive for, the cost of
funding a $2,000,000 whole life or universal life insurance policy (the “Life Policy”), payable over 5 years plus a tax gross-up to be paid at the same time as such reimbursement payment. 

6.    Termination. Executive’s employment hereunder may be terminated during the Employment Period under the
following circumstances: 
 (a)    Death. Executive’s employment hereunder shall terminate upon his death.

 (b)    Disability. If, as a result of Executive’s incapacity due to physical or mental illness, Executive
shall have been substantially unable to perform his duties hereunder for an entire period of three (3) consecutive months, and within thirty (30) days after written Notice of Termination is given after such three (3) month period, Executive shall
not have returned to the substantial performance of his duties on a full-time basis, the Company shall have the right to terminate Executive’s employment hereunder for “Disability,” and such termination in and of itself shall not be,
nor shall it be deemed to be, a breach of this Agreement. 

 (c)    Cause. The Company shall have the right to terminate
Executive’s employment for Cause, and such termination in and of itself shall not be, nor shall it be deemed to be, a breach of this Agreement. For purposes of this Agreement, “Cause” shall mean fraud, embezzlement, conviction of a
felony or of a crime involving moral turpitude, the continued use of illegal drugs, or Executive breaches a material term of this Agreement, which breach is not cured within thirty (30) days of receipt by Executive of notice of such breach. 

(d)    Good Reason. Executive may terminate his employment for “Good Reason” within one hundred and
twenty (120) days (or such longer time as specifically provided for below) after Executive has actual knowledge of the occurrence, without the written consent of Executive, of one of the following events that has not been cured within thirty (30)
days after written notice thereof has been given by Executive to the Company: 
 (i)    a decrease in the
Base Salary and the amount of compensation potential under the Bonus(es) after the date of this Agreement; 

(ii)    a decrease in the Grant Date Fair Value of Company Stock Options or Restricted Stock awarded to
Executive in the preceding year following any Change In Control as defined in this Agreement; 

(iii)    a decrease of more than 20% in the Grant Date Fair Value of Company Stock Options or Restricted
Stock awarded to Executive in the preceding year in the absence of any Change In Control as defined in this Agreement; 

(iv)    a decrease in the employee benefits available to Executive, which decrease is materially different
from the decreases that are generally applicable to senior management personnel of the Company taken as a whole; 

(v)    the assignment, without Executive’s consent, to the Executive of any duties materially
inconsistent with the Executive’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities as contemplated by Section 3, or any action by the Company that results in a material diminution in
such position, authority, duties or responsibilities (including any such action occurring solely as a result of the Company’s ceasing to be a publicly traded entity); 

(vi)    the permanent non-voluntary relocation of Executive’s current principal place of performance
of services for the Company to a location more than 50 miles from Executive’s current principal place of performance of services for the Company, or 

 (vii)    the Company’s breach of a material term of this
Agreement, which breach is not cured within thirty (30) days of receipt by the Company of notice of such breach. 

(e)    Without Cause. The Company shall have the right to terminate Executive’s employment hereunder without
Cause by providing Executive with a Notice of Termination and such termination shall not in and of itself be, nor shall it be deemed to be, a breach of this Agreement. 

(f)    Without Good Reason. Executive shall have the right to terminate his employment hereunder without Good
Reason by providing the Company with a Notice of Termination, and such termination shall not in and of itself be, nor shall it be deemed to be, a breach of this Agreement. 

7.    Termination Procedure. 

(a)    Notice of Termination. Any termination of Executive’s employment by the Company or by Executive during
the Employment Period (other than termination pursuant to Section 6(a)) shall be communicated by written Notice of Termination to the other party hereto in accordance with Section 14. For purposes of this Agreement, a “Notice of
Termination” shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of
Executive’s employment under the provision so indicated. 
 (b)    Date of Termination. “Date of
Termination” shall mean (i) if Executive’s employment is terminated by his death, the date of his death, (ii) if Executive’s employment is terminated pursuant to Section 6(b), thirty (30) days after Notice of Termination (provided
that Executive shall not have returned to the substantial performance of his duties on a full-time basis during such thirty (30) day period), and (iii) if Executive’s employment is terminated for any other reason, the date on which a Notice of
Termination is given or any later date (within thirty (30) days after the giving of such notice) set forth in such Notice of Termination. 

8.    Compensation Upon Termination or During Disability. In the event Executive is disabled or his employment
terminates during the Employment Period, the Company shall, subject to Section 8(f), provide Executive with the payments and benefits set forth below; provided, however, that in no event shall a payment be made under this Section 8 due to
Executive’s termination of employment unless such termination constitutes a “Separation from Service,” as defined under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 

By signing this Agreement, Executive acknowledges and agrees that the payments set forth in this Section 8 constitute liquidated damages for termination of his
employment during the Employment Period. 

 (a)    Termination by Company without Cause or By Executive for Good
Reason. If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason, the Company shall, subject to Sections 8(a)(iv) and 8(e): 

(i)    pay to Executive, as soon as practicable following the Date of Termination (but no later than sixty
(60) days following his Date of Termination), one lump sum payment equal to the sum of (A) his Base Salary accrued, but not yet paid, through the Date of Termination (“Accrued Base Salary”), plus (B) a cash payment equal to two times the
sum of Executive’s then current Base Salary and the average bonus paid to Executive in the three year period immediately preceding the year of termination (“Average Bonus”); provided that, if during the two-year period following a
Change in Control, the Company terminates Executive’s employment without Cause or Executive terminates his employment for Good Reason pursuant to Section 6(d), Executive’s payment shall be, in lieu of the amounts set forth in subsection
(B) above, a cash payment equal to three (3) times the sum of Executive’s then current Base Salary and Average Bonus; and 

(ii)    either (A) maintain in full force and effect, at no cost to Executive, for the continued benefit of
Executive for a period of two (2) years following the Date of Termination the medical, hospitalization, dental, and group life insurance programs in which Executive was participating immediately prior to the Date of Termination at the level in
effect and upon substantially the same terms and conditions as existed immediately prior to the Date of Termination (except Executive shall not be required to make contributions toward the coverage) if under the terms of the plans or applicable law,
Executive can continue to participate in the Company plans or programs providing such benefits; or, (B) if under the terms of the plans or applicable law, Executive cannot continue to participate in the Company plans or programs providing such
benefits described in clause (A), the Company shall arrange to provide Executive with the economic equivalent of such benefits which he otherwise would have been entitled to receive under such plans and programs (the benefits described under (A) or
(B) the “Continued Benefits”), in each case, in accordance with the payment timing requirements of Section 19(c) hereof to the extent the Continued Benefits are subject to Code Section 409A, provided, that, such Continued Benefits shall
terminate on the date or dates Executive receives equivalent coverage and benefits, without waiting period or pre-existing condition limitations, under the plans and programs of a subsequent employer (such coverage and benefits to be determined on a
coverage-by-coverage or benefit-by-benefit, basis). If the Continued Benefits can be provided pursuant to clause (A), Executive may, in his sole discretion, make a one-time election to choose that the Continued Benefits be provided pursuant to
clause (B) in lieu of clause (A); and 
 (iii)    reimburse Executive pursuant to Section 5(d) for
reasonable expenses incurred, but not paid prior to such termination of employment (“Incurred Expenses”); and 

 (iv)    In the event Executive’s employment terminates
in accordance with this Section 8(a), any and all options held by Executive in the Company’s common shares or any restricted stock awards held by Executive (collectively, the “Long-Term Stock Incentives”) shall fully vest, and all
restrictions and conditions on such Long-Term Stock Incentives shall be removed on the Date of Termination. In addition, the Compensation Committee of the Board shall, by resolution, provide that any option held by Executive as of the Date of
Termination may be exercised by Executive, in whole or in part, at any time subsequent to such Date of Termination and prior to the expiration of the option pursuant to its original terms (as set forth in the applicable stock option agreement
setting forth the terms of such option award) without regard to any vesting or other limitations on exercise; and 

(v)    immediately upon the Date of Termination, the Company shall transfer title (free and clear of any
liens or obligations to make future payments) to Executive to the company vehicle used by Executive as of the Date of Termination; and 

(vi)    if, as of the Date of Termination, the Company has not paid the reasonable one-time membership
initiation fee in a country club of Executive’s choice as contemplated by Section 5(g), the Company shall make such payment at the direction of Executive within 9 months of the Date of Termination or reimburse Executive for such payment as long
as Executive incurs the expenses for such membership initiation fee in a country club within 9 months of the Date of Termination; and 

(vii)    If, as of the Date of Termination, the Life Policy is not fully funded, the Company will reimburse
the Executive for his cost of fully funding the Life Policy, plus a tax gross up; and 

(viii)    Executive shall be entitled to any other rights, compensation and/or benefits as may be due to
Executive in accordance with the terms and provisions of any agreements, plans or programs of the Company other than the Prior Agreement. 

(b)    For Cause or By Executive Without Good Reason. If Executive’s employment is terminated by the Company
for Cause or by Executive (other than for Good Reason): 
 (i)    the Company shall pay Executive his
Accrued Base Salary and, to the extent required by law or the Company vacation policy, his accrued vacation pay (if applicable) through the Date of Termination, as soon as practicable following the Date of Termination; and 

 (ii)    the Company shall reimburse Executive pursuant to
Section 5(d) for reasonable Incurred Expenses not paid prior to such termination of employment, unless such termination resulted from a misappropriation of Company funds; and 

(iii)    Executive shall be entitled to any other rights, compensation and/or benefits as may be due to
Executive in accordance with the terms and provisions of any agreements, plans or programs of the Company other than the Prior Agreement. 

(c)    Disability. During any period that Executive fails to perform his duties hereunder as a result of incapacity
due to physical or mental illness, Executive shall continue to receive his full Base Salary set forth in Section 5(a) until his employment is terminated pursuant to Section 6(b). In the event Executive’s employment is terminated for Disability
pursuant to Section 6(b): 
 (i)    the Company shall pay to Executive his Accrued Base Salary and
accrued vacation pay (if applicable) through the Date of Termination, as soon as practicable following the Date of Termination; and 

(ii)    maintain in full force and effect, at no cost to Executive, for the continued benefit of Executive
for a period of two (2) years following the Date of Termination the Continued Benefits; provided, that, if under the terms of the plans or applicable law, Executive cannot continue to participate in the Continued Benefits, the Company shall arrange
to provide Executive with the economic equivalent of the Continued Benefits in accordance with the payment timing requirements of Section 19(c) to the extent the Continued Benefits are subject to Code Section 409A, provided, that such Continued
Benefits shall terminate on the date or dates Executive ceases to be disabled; and 
 (iii) the Company shall reimburse
Executive pursuant to Section 5(d) for reasonable Incurred Expenses not paid prior to such termination of employment; and 

(iv)    Executive’s Long-Term Stock Incentives held as of the Date of Termination shall fully vest,
and all restrictions and conditions on such Long-Term Stock Incentives shall be removed on the Date of Termination. In addition, the Compensation Committee of the Board shall, by resolution, provide that any option held by Executive as of the Date
of Termination may be exercised by Executive, in whole or in part, at any time subsequent to such Date of Termination and prior to the expiration of the option pursuant to its original terms (as set forth in the applicable stock option agreement
setting forth the terms of such option award) without regard to any vesting or other limitations on exercise; and 

 (v)    Executive shall receive a lump sum payment in the
amount of the target opportunity for his Bonus for the year in which the Date of Termination occurs, such lump sum payment shall be made no later than thirty (30) days following the Date of Termination; and 

(vi)    Immediately upon the Date of Termination, the Company shall transfer title (free and clear of any
liens or obligations to make future payments) to Executive to the company vehicle used by Executive as of the Date of Termination; and 

(vii)    Executive shall be entitled to any other rights, compensation and/or benefits as may be due to
Executive in accordance with the terms and provisions of any agreements, plans or programs of the Company other than the Prior Agreement. 

(d)    Death. If Executive’s employment is terminated by his death: 

(i)    the Company shall pay in a lump sum to Executive’s beneficiary, legal representatives or
estate, as the case may be, Executive’s Base Salary and accrued vacation pay (if applicable) through the Date of Termination; and 

(ii)    the Company shall reimburse Executive’s beneficiary, legal representatives, or estate, as the
case may be, pursuant to Section 5(d) for reasonable Incurred Expenses not paid prior to such termination of employment; and 

(iii)    Executive’s Long-Term Stock Incentives held as of the Date of Termination shall fully vest,
and all restrictions and conditions on such Long-Term Stock Incentives shall be removed on the Date of Termination. In addition, the Compensation Committee of the Board shall, by resolution, provide that any option held by Executive as of the Date
of Termination may be exercised by Executive’s beneficiary, legal representative, or estate, as the case may be, in whole or in part, at any time subsequent to such Date of Termination and prior to the expiration of the option pursuant to its
original terms (as set forth in the applicable stock option agreement setting forth the terms of such option award) without regard to any vesting or other limitations on exercise; and 

(iv)    Executive’s beneficiary, legal representatives or estate, as the case may be, shall receive a
lump sum payment in the amount of the target opportunity for his Bonus for the year in which the Date of Termination occurs, such lump sum payment shall be made no later than thirty (30) days following the Date of Termination; and 

(v)    Executive’s beneficiary, legal representatives or estate, as the case may be, shall be entitled
to any other rights, compensation and benefits as may be due to any such persons or estate in accordance with the terms and provisions of any agreements, plans or programs of the Company other than the Prior Agreement. 

 (e)    IRC Code Section 162(m) - Delay of Payments. Notwithstanding
any other provision of this Agreement to the contrary, the Company may delay the payment of any amount otherwise due to Executive under Section 8 of this Agreement if the Company reasonably believes that its deduction resulting from such payment,
either alone or in combination with any other amounts to be paid or provided to Executive under any section of this Agreement or any other agreements, plans or programs of the Company, would be reduced by application of Code Section 162(m);
provided, however, that the Company shall make payments to Executive at the earliest date at which the Company reasonably believes Code Section 162(m) will no longer reduce its deduction for such payments and any such delay is made in accordance
with the requirements of Code Section 409A and the regulations promulgated thereunder. 
 (f)    Release.
Notwithstanding anything herein to the contrary, the Company shall not be obligated to make any payment under Section 8 of this Agreement (other than Accrued Base Salary and Incurred Expenses) unless (i) prior to the 60th day following the latter of
the Date of Termination, Executive executes a release of claims against the Company and its affiliates in a form reasonably satisfactory to the Company (the “Release”), and (ii) any applicable revocation period has expired during such
60-day period without Executive revoking such Release. To the extent Executive is required to sign a Release to receive any amount under Section 8 of this Agreement deemed to be “deferred compensation” for purposes of Code Section 409A,
and the 60-day period allotted to sign (and not revoke) the Release starts in one calendar year and ends in the following calendar year, such payments will be made in the second calendar year, notwithstanding when the Release is executed and becomes
irrevocable. The Company shall provide the release to the Executive for his consideration within five (5) days of the Date of Termination. 

(g)    “Change in Control” shall mean the first to occur of the following events (A) any person or group of
persons (including, without limitation, CBIZ and any shareholder of CBIZ) purchases thirty percent (30%) or more of the voting control or value of the capital stock of CBIZ, in one transaction or in a series of transactions (a
“Transaction”), excluding, however, any repurchase of capital stock by CBIZ after the date of a Transaction; (B) the shareholders of CBIZ approve an agreement to merge or consolidate with another corporation or other entity resulting
(whether separately or in connection with a series of transactions) in a change in ownership of thirty percent (30%) or more of the voting control or value of the capital stock of CBIZ, or an agreement to sell or otherwise dispose of all or
substantially all of CBIZ’s assets (including, without limitation, a plan of liquidation or dissolution), or otherwise approve of a fundamental alteration in the nature of CBIZ’s business, provided that the 30% change of control does not
result from a repurchase of capital stock by CBIZ after such merger, consolidation or sale of assets; or (C) Steven L. Gerard resigns or is removed as Chairman of the Board of CBIZ and a new Chairman of the Board of CBIZ is appointed other than
Executive or any other person serving as a member of the Board as of the Effective Date. 

 9.    Mitigation. Executive shall not be required to mitigate amounts
payable under this Agreement by seeking other employment or otherwise, and there shall be no offset against amounts due Executive under this Agreement on account of subsequent employment except as specifically provided herein. 

10.    Restrictive Covenants. 

(a)    Nondisclosure. Executive acknowledges that during the course of his performance of services for Company he
has acquired and will continue to acquire technical knowledge with respect to Company’s business operations, including, by way of illustration, Company’s investment plans or strategies, trade secrets, customer lists, customer or consultant
contracts and the details thereof, pricing policies, operational methods, marketing and merchandising plans or strategies, business acquisition plans, personnel acquisition plans, and all other information pertaining to the business of Company or
any Affiliate (as defined below) of Company that is not publicly available (all of such information herein referred to as the “Confidential Information”); provided, however, that the term “Confidential Information” shall not
include (a) any information which is or becomes publicly available otherwise than through breach of this Agreement by Executive, or (b) any information which is or becomes known or available to Executive on a non-confidential basis and not in
contravention of applicable law from a source which is entitled to disclose such information to Executive. Executive agrees that he will not, while he is employed by Company, divulge to any person, directly or indirectly, except to Company or its
officers and agents or as reasonably required in connection with his duties on behalf of Company, or use, except on behalf of Company, any Confidential Information acquired by Executive during the term of his employment. Executive agrees that he
will not, at any time after his employment with Company has ended, divulge to any person directly or indirectly any Confidential Information nor use Confidential Information in any way detrimental to Company. Executive further agrees that if his
relationship with Company is terminated (for whatever reason) he shall not take with him but will leave with Company all records, papers and computer software and data and any copies thereof relating to the Confidential Information (or if such
papers, records, computer software and data or copies are not on the premises of Company, Executive agrees to return such papers, records and computer software and data immediately upon his termination). Executive acknowledges that all such papers,
records, computer software and data or copies thereof are and remain the property of Company. For purposes of this Agreement, “Affiliate” shall mean any entity, directly or indirectly, controlled by, controlling or under common control
with Company or any corporation or other entity acquiring, directly or indirectly, all or substantially all the assets and business of Company, whether by operation of law or otherwise. 

(b)    Non-interference: Executive agrees that: 

(i)      During the term he performs services for Company and for a period of two (2) years after the
termination thereof, he will not knowingly or purposefully directly or indirectly interfere with the relationship of Company and any employee, agent or representative of Company; and 

 (ii)    During the term he performs services for Company and
for a period of two (2) years after the termination thereof, he will not knowingly or purposefully, directly or indirectly interfere with the relationships of Company with customers, dealers, distributors, vendors or sources of supply; and 

(iii)    After discussing the matter with Executive, Company shall have the right, subject to applicable
law, to inform any other third party that Company reasonably believes to be, or to be contemplating, participating with Executive or receiving from Executive assistance in violation of this Agreement, of the terms of this Agreement and of the rights
of Company hereunder, and that participation by any such third party with the Executive in activities in violation of this Section 10 may give rise to claims by Company against such third party. 

(c)    Nondisparagement. 

(i)    Executive shall refrain, both during the term he performs services for Company and after his
employment with Company has ended, from publishing any oral or written statements, to any person or entity (other than, during the term he performs services for Company, to Company, any Affiliates, or any of Company’s or Affiliates’
directors, officers, employees, agents, or representatives) that damage or disparage the reputation of Company or any Affiliates, or any of Company’s or Affiliates’ directors, officers, employees, agents or representatives. A violation or
threatened violation of this prohibition may be enjoined by the courts. The rights afforded Company and the Affiliates under this Section 10(c) are in addition to any and all rights and remedies otherwise afforded by law; and 

(ii)    Company shall refrain, and shall use its reasonable best efforts to cause the Affiliates to
refrain, both during the term Executive performs services for Company and after his employment with Company has ended, from publishing any oral or written statements, to any person or entity (other than during the term Executive performs services
for Company, to Company, any Affiliates or any of Company’s or Affiliates’ directors, officers, employees, agents or representatives) that damage or disparage the reputation of Executive. A violation or threatened violation of this
prohibition may be enjoined by the courts. The rights afforded Executive under this Section 10(c) are in addition to any and all rights and remedies otherwise afforded by law. 

11.    Indemnification. Executive shall be entitled throughout the Employment Period in his capacity as an officer
and/or director of the Company or any of its subsidiaries, or as a member of any other governing body or any partnership or joint venture in which the Company has an equity interest, to the benefit of the indemnification provisions contained in the
Certificate of Incorporation and Bylaws of the Company as in effect from time to time, to the extent not prohibited by applicable law at the time of the assertion of any liability against Executive. 

 12.    Arbitration. Any dispute arising between the Company and
Executive with respect to the performance or interpretation of this Agreement shall be submitted to arbitration, in Cleveland, Ohio, for resolution in accordance with the commercial arbitration rules of the American Arbitration Association, modified
to provide that the decision by the arbitrators shall be final and binding on the parties, shall be furnished in writing, separately and specifically stating the findings of fact and conclusions of law on which the decision is based, and shall be
rendered within 90 days following impanelment of the arbitrators. In the event that a dispute arises regarding whether an amount is owed under Section 8(a) following Executive’s termination of employment, the Company agrees to pay Executive a
single lump sum payment, within 30 days of the date the related arbitration commences pursuant to this Section 12, equal to the cash value of the compensation and benefits that would have been paid or provided to Executive had he remained employed
with the Company for the 90 day period following the date of his termination of employment (the “Disputed Payment”). The Disputed Payment represents the portion of the payments under Section 8(a)(i) that the Company is willing to pay
pending resolution of the dispute, and will only be paid if the requirements of Treasury Regulation Section 1.409A-3(g) are met. If any arbitration pursuant to this Section 12 results in an award of payments provided under Section 8(a)(i), such
award will be paid by the time required under Treasury Regulation Section 1.409A-3(g) and will be reduced by the Disputed Payment actually paid to Executive. Following a decision by the arbitrators, the costs of arbitration shall be divided and
legal fees shall be awarded as directed by the arbitrators. 
 13.    Successors; Binding Agreement. 

(a)    Company’s Successors. No rights or obligations of the Company under this Agreement may be assigned or
transferred except that the Company may assign this Agreement to any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company. As used in this
Agreement, “Company” shall mean the Company as herein before defined and any successor to its business and/or assets (by merger, purchase or otherwise). 

(b)     Executive’s Successors. No rights or obligations of Executive under this Agreement may be assigned or
transferred by Executive other than his rights to payments or benefits hereunder. Upon Executive’s death or disability, this Agreement and all rights of Executive hereunder shall inure to the benefit of and be enforceable by Executive’s
beneficiary or beneficiaries, personal or legal representatives, or estate, to the extent any such person succeeds to Executive’s interests under this Agreement. Executive shall be entitled to select and change a beneficiary or beneficiaries to
receive any benefit or compensation payable hereunder following Executive’s death or disability by giving the Company written notice thereof. In the event of Executive’s death, disability or a judicial determination of his incompetence,
reference in this Agreement to Executive shall be deemed, where appropriate, to refer to his beneficiary/(ies), estate or other legal representative(s). If Executive should die following his Date of Termination while any amounts would still be
payable to him hereunder if he had continued to live, all such amounts unless otherwise provided herein shall be paid in accordance with the terms of this Agreement to such person or persons so appointed in writing by Executive, or otherwise to his
legal representatives or estate. 

 (c)    Binding Agreement. This Agreement shall be binding upon and
shall inure to the benefit of Executive, his heirs, executors, administrators, beneficiaries and assigns and shall be binding upon and shall inure to the benefit of the Company and its successors and assigns. 

14.    Notice. For the purposes of this Agreement, notices, demands and all other communications provided for in
this Agreement shall be in writing and shall be deemed to have been duly given when delivered either personally or by United States certified or registered mail, return receipt requested, postage prepaid, addressed to the Company at its corporate
headquarters and addressed to Executive as the address reflected in the human resources records of the Company or to such other address as any party may have furnished to the others in writing in accordance herewith, except that notices of change of
address shall be effective only upon receipt. 
 15.    Miscellaneous. No provisions of this Agreement may be
amended, modified, or waived unless such amendment or modification is agreed to in writing signed by Executive and by a duly authorized officer of the Company, and such waiver is set forth in writing and signed by the party to be charged. No waiver
by either party hereto at any time of any breach by the other party hereto of any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or
at any prior or subsequent time. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement. The respective
rights and obligations of the parties hereunder shall survive Executive’s termination of employment and the termination of this Agreement to the extent necessary for the intended preservation of such rights and obligations. The validity,
interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Ohio without regard to its conflicts of law principles. 

16.    Validity. The invalidity or unenforceability of any provision or provisions of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 

17.    Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be
an original, but all of which together will constitute one and the same instrument. 
 18.    Entire Agreement.
This Agreement sets forth the entire agreement of the parties hereto in respect of the subject matter contained herein and supersedes all prior agreements, promises, covenants, arrangements, communications, representations or warranties,

 
whether oral or written, by any officer, employee or representative of any party hereto in respect of such subject matter, including, without limitation, the Prior Agreement. Any prior agreement
of the parties hereto in respect of the subject matter contained herein, including the Prior Agreement, is hereby terminated and cancelled. 

19.    Tax Considerations and Payment Limitations. 

(a)    Withholding. Unless otherwise provided herein, all payments hereunder shall be subject to any required
withholding of Federal, state, local, and employment taxes pursuant to any applicable law or regulation. 

(b)    General Code Section 409A Compliance. This Agreement is intended to be operated in compliance with the
provisions of Code Section 409A (including any applicable rulings or regulations promulgated thereunder). In the event that any provision of this Agreement fails to satisfy the provisions of Code Section 409A and cannot be amended, modified, or
terminated, then such provision shall be void and shall not apply to Executive, to the extent practicable. In the event that it is determined to not be feasible to so void a provision of this Agreement as it applies to any amount payable to or on
behalf of Executive, such provision shall be construed in a manner so as to comply with the requirements of Code Section 409A. Notwithstanding anything herein to the contrary, the tax treatment of the benefits provided under this Agreement is not
warranted or guaranteed. Except as otherwise expressly provided herein, the Company shall not be held liable for any taxes, interest, penalties, or other similar monetary amounts owed by Executive or other taxpayers as a result of this Agreement.

 (c)    Reimbursements and In-Kind Benefits. Any reimbursement of expenses or in-kind benefits provided under
this Agreement (other than reimbursements or in-kind benefits that are treated as separation pay under Section 1.409A-1(b)(9)(v) of the Treasury Regulations or that are otherwise exempt from Code Section 409A), shall be subject to the following
additional rules: (i) any reimbursement of eligible expenses shall be paid as they are incurred; provided that Executive first provides documentation thereof in reasonable detail not later than sixty (60) days following the end of the calendar year
in which the eligible expenses were incurred or such longer period if provided in this Agreement; (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during any calendar year shall not affect the amount of expenses
eligible for reimbursement, or in-kind benefits to be provided, during any other calendar year; and (iii) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit. 

(d)    Specified Employee. In the event Executive is a “Specified Employee” (as defined under Code
Section 409A) on the Date of Termination, then any and all payments or benefits provided under this Agreement that are “deferred compensation” under Code Section 409A and paid on account of a “separation from service” shall
commence being paid at the date which is the earlier of (i) the expiration of the six (6) month period after Executive’s “separation from service” or (ii) Executive’s death. At such time, Executive shall receive one lump sum
catch-up payment equal to the amount that would have been paid over the previous six (6) month period or the period prior to death, as applicable. All remaining benefits or payments, if any, shall be paid as otherwise provided for under this
Agreement. 

 20.    Tax Adjustment. Notwithstanding any provision of any other
plan, program, arrangement or agreement to the contrary, in the event that it shall be determined that any payment or benefit to be provided by the Company to Executive pursuant to the terms of this Agreement or any other payments or benefits
received or to be received by Executive (a “Payment”) in connection with or as a result of a Change in Control or the Executive’s termination of employment or any event which is deemed by the Internal Revenue Service or any other
taxing authority to constitute a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the assets of the Company shall be subject to the tax (the “Excise Tax”) imposed by Section 4999
(or any successor section) of the Code, the Payments, whether under this Agreement or otherwise, shall be reduced so that the Payment, in the aggregate, is reduced to the greatest amount that could be paid to Executive without giving rise to any
Excise Tax; provided that in the event that Executive would be placed in a better after-tax position after receiving all Payments and not having any reduction of Payments as provided hereunder, Executive shall, notwithstanding the provisions of any
other plan, program, arrangement or agreement to the contrary, receive all Payments and pay any applicable Excise Tax. All determinations under this Section 20 shall be made by a nationally recognized accounting firm selected by the Company (the
“Accounting Firm”). Without limiting the generality of the foregoing, any determination by the Accounting Firm under this Section 20 shall take into account the value of any reasonable compensation for services to be rendered by Executive
(or for holding oneself out as available to perform services and refraining from performing services (such as under a covenant not to compete)). If the Payments are to be reduced pursuant to this Section 20, the Payments shall be reduced in the
following order: (a) Payments which do not constitute “nonqualified deferred compensation” subject to Code Section 409A shall be reduced first; and (b) all other Payments shall then be reduced, in each case as follows: (i) cash payments
shall be reduced before non-cash payments and (ii) payments to be made on a later payment date shall be reduced before payments to be made on an earlier payment date. 

21.    Noncontravention. Executive represents that he is not prevented from entering into or performing this
Agreement by the terms of any law, order, rule or regulation or any agreement to which he is a party. Executive acknowledges and agrees that the Company has relied upon this representation as a material inducement for it to enter into this Agreement
and a breach of this representation by Executive shall be deemed to be a material breach of this Agreement. 

22.    Section Headings. The section headings in this Agreement are for convenience of reference only, and they form
no part of this Agreement and shall not affect its interpretation. 
 [SIGNATURES ON FOLLOWING PAGE] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above
written. 
  

	
	CBIZ, INC.
	
	        /s/ Steven L. Gerard
	        By: Steven L. Gerard
	        Its: Chairman
	
	         Upon authority and approval of the

        Compensation Committee of the Board

        of Directors, by resolution passed on

        September 1, 2016.

	
	        EXECUTIVE
	
	        /s/ Jerome P. Grisko, Jr.
	        Jerome P. Grisko, Jr.SOUL
AND VIBE INTERACTIVE INC.

8%
CONVERTIBLE REDEEMABLE PROMISSORY NOTE

 

	Effective
    Date September 1, 2016 	 	US
    $13,200.00

 

Due
September 1, 2017

 

THIS
NOTE AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE “1933 ACT”)

 

FOR
VALUE RECEIVED, Soul and Vibe Interactive Inc., (the “Company”) promises to pay to the order of GW Holdings
Group, LLC, and its authorized successors and permitted assigns (“Holder”), the aggregate principal face
amount of Thirteen Thousand Two Hundred Dollars exactly (U.S. $13,200.00) on September 1, 2017 (“Maturity Date”).
The Company will pay interest on the principal amount outstanding at the rate of 8% per annum, which will commence on September
1, 2016. The interest will be paid to the Holder in whose name this Note is registered on the records of the Company regarding
registration and transfers of this Note. The principal of, and interest on, this Note are payable at 137 Montague Street, Suite
291, Brooklyn, NY 11201, initially, and if changed, last appearing on the records of the Company as designated, in writing, by
the Holder hereof from time to time. The Company will pay each interest payment and the outstanding principal due upon this Note
before or on the Maturity Date, less any amounts required by law to be deducted or withheld, to the Holder of this Note by check
or wire transfer addressed to such Holder at the last address appearing on the records of the Company. The forwarding of such
check or wire transfer shall constitute a payment of outstanding principal hereunder and shall satisfy and discharge the liability
for principal on this Note to the extent of the sum represented by such check or wire transfer. Interest shall be payable in Common
Stock (as defined below) pursuant to paragraph 4(b) herein.

 

This
Note is subject to the following additional provisions:

 

1.
This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations, as requested
by the Holder surrendering the same. No service charge will be made for such registration or transfer or exchange, except that
Holder shall pay any tax or other governmental charges payable in connection therewith.

 

2.
Under all applicable laws, the Company shall be entitled to withhold any amounts from all payments it is entitled to.

 

____

Initials

 

    	 

     

    

 

3.
This Note may only be transferred or exchanged in compliance with the Securities Act of 1933, as amended (“Act”)
and any applicable state securities laws. All attempts transfer to a non-qualifying party shall be treated by the Company as void.
Prior to due presentment for transfer of this Note, the Company and any agent of the Company may treat the person in whose name
this Note is duly registered on the Company’s records as the owner hereof for all other purposes, whether or not this Note
be overdue, and neither the Company nor any such agent shall be affected or bound by notice to the contrary. Any Holder of this
Note electing to exercise the right of conversion set forth in Section 4(a) hereof, in addition to the requirements set forth
in Section 4(a), and any prospective transferee of this Note, also is required to give the Company written confirmation that this
Note is being converted (“Notice of Conversion”) in the form annexed hereto as Exhibit A. The date of
receipt (including receipt by telecopy) of such Notice of Conversion shall be the Conversion Date.

 

4.
(a) The Holder of this Note has the option, upon the issuance date of the stock, to convert all or any amount of the principal
face amount of this Note then outstanding into shares of the Company’s common stock (the “Common Stock”)
at a price (“Conversion Price”) for each share of Common Stock will be equal to 50% of the lowest trading
price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares
are traded or any exchange upon which the Common Stock may be traded in the future (“Exchange”), for the (i)
twenty-five prior trading days, before the Date of Conversion is received by the Company (provided
such Notice of Conversion is delivered by fax or other electronic method of communication to the Company after 4 P.M. Eastern
Standard or Daylight Savings Time if the Holder wishes to include the same day closing price). The Notice of Conversion may be
rescinded if the shares have not been delivered within 3 business days. The Company shall deliver the shares of Common Stock to
the Holder within 3 business days of receipt by the Company of the Notice of Conversion. The Holder shall surrender this Note
to the Company upon receipt of the shares of Common Stock, executed by the Holder. This will make clear the Holder’s intention
to convert this Note or a specified portion hereof, and accompanied by proper assignment hereof in blank. Accrued but unpaid interest
shall be subject to conversion. The number of issuable shares will be rounded to the nearest whole share, and no fractional shares
or scrip representing fractions of shares will be issued on conversion. In the event the Company experiences a DTC “Chill”
on its shares, the conversion price shall decrease to 40% while that “Chill” is in effect. Notwithstanding anything
to the contrary contained in the Note (except as set forth below in this Section), the Note shall not be convertible by Investor,
and Company shall not effect any conversion of the Note or otherwise issue any shares of Common Stock to the extent (but only
to the extent) that Investor together with any of its affiliates would beneficially own in excess of 9.99% (the “Maximum
Percentage”) of the Common Stock outstanding. To the extent the foregoing limitation applies, the determination of whether
a Note shall be convertible (vis-à-vis other convertible, exercisable or exchangeable securities owned by Investor or any
of its affiliates) and of which such securities shall be convertible, exercisable or exchangeable (as among all such securities
owned by Investor and its affiliates) shall, subject to such Maximum Percentage limitation, be determined on the basis of the
first submission to Company for conversion, exercise or exchange (as the case may be). No prior inability to convert a Note, or
to issue shares of Common Stock, pursuant to this Section shall have any effect on the applicability of the provisions of this
Section with respect to any subsequent determination of convertibility. For purposes of this Section, beneficial ownership and
all determinations and calculations (including, without limitation, with respect to calculations of percentage ownership) shall
be determined in accordance with Section 13(e) of the 1934 Act (as defined below) and the rules and regulations promulgated thereunder.
The provisions of this Section shall be implemented in a manner otherwise than in strict conformity with the terms of this Section
to correct this Section (or any portion hereof) which may be defective or inconsistent with the intended Maximum Percentage beneficial
ownership limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such
Maximum Percentage limitation. The limitations contained in this Section shall apply to a successor holder of this Note and shall
be unconditional, irrevocable and non-waivable. For any reason at any time, upon the written or oral request of Investor, Company
shall within one (1) business day confirm orally and in writing to Investor the number of shares of Common Stock then outstanding,
including by virtue of any prior conversion or exercise of convertible or exercisable securities into Common Stock, including,
without limitation, pursuant to this Note. During the first six months, this Note is in effect, the Investor may not convert this
Note pursuant to this paragraph.

 

(b) Interest on any unpaid
principal balance of this Note shall be paid at the rate of 8% per annum. Interest shall be paid by the Company in Common Stock
(“Interest Shares”). Holder may send in a Notice of Conversion to the Company for Interest Shares based on the formula
provided in Section 4(a) above. The dollar amount converted into Interest Shares shall be all or a portion of the accrued interest
calculated on the unpaid principal balance of this Note to the date of such notice.

 

(c)
At any time within the 90 day period immediately following the Issuance Date, the Company shall have the option, upon 5 business
days’ notice to Holder, to pre-pay all or any, remaining outstanding principal amount of this Note in cash at an amount
equal to such remaining outstanding principal plus accrued interest multiplied by 125%. At any time following the 90 day period
immediately following the Issuance Date, the Company shall have the option, upon 5 business days’ notice to Holder, to pre-pay
all or any remaining outstanding principal amount of this Note in cash at an amount equal to such remaining outstanding principal
plus accrued interest multiplied by 140%. Any such prepayment of principal shall only be executed provided that (i) such amount
must be paid in cash on the next business day following such 5 business day notice period, and (ii) the Holder may still convert
this Note pursuant to the terms here of at all times until such prepayment amount has been received in full.

 

____

Initials

 

    	2

     

    

 

(d)
Upon (i) a transfer of all or substantially all of the assets of the Company to any person in a single transaction or series of
related transactions, (ii) a reclassification, capital reorganization or other change or exchange of outstanding shares of the
Common Stock, other than a forward or reverse stock split or stock dividend, or (iii) any consolidation or merger of the Company
with or into another person or entity in which the Company is not the surviving entity (other than a merger which is effected
solely to change the jurisdiction of incorporation of the Company and results in a reclassification, conversion or exchange of
outstanding shares of Common Stock solely into shares of Common Stock) (each of items (i), (ii) and (iii) being referred to as
a “Sale Event”), then, in each case, the Company shall, upon request of the Holder, redeem this Note in cash for 150%
of the principal amount, plus accrued but unpaid interest through the date of redemption, or at the election of the Holder, such
Holder may convert the unpaid principal amount of this Note (together with the amount of accrued but unpaid interest) into shares
of Common Stock immediately prior to such Sale Event at the Conversion Price.

 

(e)
In case of any Sale Event (not to include a sale of all or substantially all of the Company’s assets) in connection with
which this Note is not redeemed or converted, the Company shall cause effective provision to be made so that the Holder of this
Note shall have the right thereafter, by converting this Note, to purchase or convert this Note into the kind and number of shares
of stock or other securities or property (including cash) receivable upon such reclassification, capital reorganization or other
change, consolidation or merger by a holder of the number of shares of Common Stock that could have been purchased upon exercise
of the Note and at the same Conversion Price, as defined in this Note, immediately prior to such Sale Event. The foregoing provisions
shall similarly apply to successive Sale Events. If the consideration received by the holders of Common Stock is other than cash,
the value shall be as determined by the Board of Directors of the Company or successor person or entity acting in good faith.

 

5.
No provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the
principal of, and interest on, this Note at the time, place, and rate, and in the form, herein prescribed.

 

6.
The Company hereby expressly waives demand and presentment for payment, notice of non-payment, protest, notice of protest, notice
of dishonor, notice of acceleration or intent to accelerate, and diligence in taking any action to collect amounts called for
hereunder and shall be directly and primarily liable for the payment of all sums owing and to be owing hereto.

 

7.
The Company agrees to pay all costs and expenses, including reasonable attorneys’ fees and expenses, which may be incurred
by the Holder in collecting any amount due under this Note.

 

8.
If one or more of the following described “Events of Default” shall occur:

 

(a)
The Company shall default in the payment of principal or interest on this Note or any other note issued to the Holder by the Company;
or

 

____

Initials

 

    	3

     

    

 

 

(b)
Any of the representations or warranties made by the Company herein or in any certificate or financial or other written statements
heretofore or hereafter furnished by or on behalf of the Company in connection with the execution and delivery of this Note, or
the Securities Purchase Agreement under which this note was issued shall be false or misleading in any respect; or

 

(c)
The Company shall fail to perform or observe, in any respect, any covenant, term, provision, condition, agreement or obligation
of the Company under this Note or any other note issued to the Holder; or

 

(d)
The Company shall (1) become insolvent; (2) admit in writing its inability to pay its debts generally as they mature; (3) make
an assignment for the benefit of creditors or commence proceedings for its dissolution; (4) apply for or consent to the appointment
of a trustee, liquidator or receiver for its or for a substantial part of its property or business; (5) file a petition for relief,
consent to the filing of such petition or have filed against it an involuntary petition for bankruptcy relief, all under federal
or state laws as applicable; or

 

(e)
A trustee, liquidator or receiver shall be appointed for the Company or for a substantial part of its property or business without
its consent and shall not be discharged within sixty (60) days after such appointment; or

 

(f)
Any governmental agency or any court of competent jurisdiction at the instance of any governmental agency shall assume custody
or control of the whole or any substantial portion of the properties or assets of the Company; or

 

(g)
One or more money judgments, writs or warrants of attachment, or similar process, in excess of Thirteen Thousand Two Hundred dollars
($13,200) in the aggregate, shall be entered or filed against the Company or any of its properties or other assets and shall remain
unpaid, unvacated, unbonded or unstayed for a period of fifteen (15) days or in any event later than five (5) days prior to the
date of any proposed sale thereunder; or

 

(h)
The Company shall have defaulted on or breached any term of any other note of similar debt instrument into which the Company has
entered and failed to cure such default within the appropriate grace period; or

 

(i)
The Company shall have its Common Stock delisted from an exchange (including the OTCBB exchange) or, if the Common Stock trades
on an exchange, then trading in the Common Stock shall be suspended for more than 10 consecutive days;

 

(j)
If a majority of the members of the Board of Directors of the Company on the date hereof are no longer serving as members of the
Board;

 

____

Initials

 

    	4

     

    

 

(k)
The Company shall not deliver to the Holder the Common Stock pursuant to paragraph 4 herein without restrictive legend within
3 business days of its receipt of a Notice of Conversion. The Company must replenish the reserve set forth in section 12, promptly;
or

 

(l)
At any time on or after 30 days after the issue date, the Company shall not replenish the reserve set forth in Section 13, within
3 business days of the request of the holder; or

 

(m)
The Company shall not be “current” in its filings with the Securities and Exchange Commission; or

 

(n)
The Company shall lose the “bid” price for its stock in a market (including the OTCQB marketplace or other exchange);
or

 

(o)
A default has been declared against the Company, which has not been cured in any other loan or Note agreement.

 

Then,
or at any time thereafter, unless cured within 5 days, and in each and every such case, unless such Event of Default shall have
been waived in writing by the Holder (which waiver shall not be deemed to be a waiver of any subsequent default) at the option
of the Holder and in the Holder’s sole discretion, the Holder may consider this Note immediately due and payable, without
presentment, demand, protest or (further) notice of any kind (other than notice of acceleration), all of which are hereby expressly
waived, anything herein or in any note or other instruments contained to the contrary notwithstanding, and the Holder may immediately,
and without expiration of any period of grace, enforce any and all of the Holder’s rights and remedies provided herein or
any other rights or remedies afforded by law. Upon an Event of Default, interest shall accrue at a default interest rate of 24%
per annum or, if such rate is usurious or not permitted by current law, then at the highest rate of interest permitted by law.
In the event of a breach of Section 8(k) the penalty shall be $250 per day the shares are not issued beginning on the 4th
day after the conversion notice was delivered to the Company. This penalty shall increase to $500 per day beginning on the
10th day. The penalty for a breach of Section 8(n) shall be an increase of the outstanding principal amounts by 20%.
In case of a breach of Section 8(i), (k) or (l), the outstanding principal due under this Note shall increase by 50%. If this
Note is not paid at maturity, the outstanding principal due under this Note shall increase by 10%.

 

If
the Holder shall commence an action or proceeding to enforce any provisions of this Note, including, without limitation, engaging
an attorney, then if the Holder prevails in such action, the Holder shall be reimbursed by the Company for its attorneys’
fees and other costs and expenses incurred in the investigation, preparation and prosecution of such action or proceeding.

 

____

Initials

 

    	5

     

    

 

At
the Holder’s election, if the Company fails for any reason to deliver to the Holder the conversion shares by the by the
3rd business day following the delivery of a Notice of Conversion to the Company and if the Holder incurs a Failure to Deliver
Loss, then at any time the Holder may provide the Company written notice indicating the amounts payable to the Holder in respect
of the Failure to Deliver Loss and the Company must make the Holder whole as follows:

 

Failure
to Deliver Loss = [(High trade price at any time on or after the day of exercise) x (Number of conversion shares)]

 

The
Company must pay the Failure to Deliver Loss by cash payment, and any such cash payment must be made by the third business day
from the time of the Holder’s written notice to the Company.

 

9.
In case any provision of this Note is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid
or unenforceable, such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum extent
possible, and the validity and enforceability of the remaining provisions of this Note will not in any way be affected or impaired
thereby.

 

10.
Neither this Note nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument signed
by the Company and the Holder.

 

11.
The Company represents that it is not a “shell” issuer and has never been a “shell” issuer or that if
it previously has been a “shell” issuer that at least 12 months have passed since the Company has reported form 10
type information indicating it is no longer a “shell issuer. Further. The Company will instruct its counsel to either (i)
write a 144- 3(a)(9) opinion to allow for salability of the conversion shares or (ii) accept such opinion from Holder’s
counsel.

 

12.
The Company shall reserve 1,000,000 shares of its Common Stock for conversions under this Note (the “Share Reserve”).
The Investor shall have the right to periodically request that the number of Reserved Shares be increased so that the number of
Reserved Shares at least equals 300% of the number of shares of Company common stock issuable upon conversion of the Note.
Upon full conversion of this Note, any shares remaining in the Share Reserve shall be cancelled. The Company shall pay all costs
associated with issuing and delivering the shares. At all times, the reserve shall be maintained at three times the amount of
shares required if the Note would be fully converted.

 

13.
The Company will give the Holder direct notice of any corporate actions, including but not limited to name changes, stock splits,
recapitalizations etc. This notice shall be given to the Holder as soon as possible under law.

 

____

Initials

 

    	6

     

    

 

14.
This Note shall be governed by and construed in accordance with the laws of New York applicable to contracts made and wholly to
be performed within the State of New York and shall be binding upon the successors and assigns of each party hereto. The Holder
and the Company hereby mutually waive trial by jury and consent to exclusive jurisdiction and venue in the courts of the State
of New York. This Agreement may be executed in counterparts, and the facsimile transmission of an executed counterpart to this
Agreement shall be effective as an original.

 

IN
WITNESS WHEREOF, the Company has caused this Note to be duly executed by an officer thereunto duly authorized.

 

Dated:
September 1, 2016

 

	 	SOUL AND
    VIBE INTERACTIVE INC.
	 	 		 
	 	By:
    	/s/
    Peter Anthony Chiodo	 
	 	 		 
	 	Title:	Chief
    Executive Officer and President	 

 

___

Initials

 

    	7

     

    

 

EXHIBIT
A

 

NOTICE
OF CONVERSION

 

(To
be Executed by the Registered Holder in order to Convert the Note)

 

The
undersigned hereby irrevocably elects to convert $___________ of the above Note into _________ Shares of Common Stock of Soul
and Vibe Interactive Inc. (“Shares”) according to the conditions set forth in such Note, as of the date written below.

 

If
Shares are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer and other taxes
and charges payable with respect thereto.

 

Date
of Conversion:_______________________________________________________________

Applicable
Conversion Price:________________________________________________________

Signature:_______________________________________________________________________

[Print
Name of Holder and Title of Signer]

Address:_______________________________________________________________________

 _______________________________________________________________________

 

SSN
or EIN:________________________

Shares
are to be registered in the following name:__________________________________________________________

 

Name:__________________________________________________________________________

Address:________________________________________________________________________

Tel:______________________________

Fax:______________________________

SSN
or EIN:________________________

 

Shares
are to be sent or delivered to the following account:

 

Account
Name:___________________________________________________________________

Address:________________________________________________________________________

____

Initials

 

    	8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00262-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00262-of-00352.parquet"}]]