Soul and Vibe Interactive Inc. (OTCPK:SOUL) a announced that it has entered into a security purchase agreement with existing accredited investor GW Holdings Group, LLC for private placement of a 8% convertible debenture for gross proceeds of $12,000 on September 1, 2016. The debenture fixed carries a coupon of 8% per annum and would mature on September 1, 2017. The debenture is convertible into shares of common stock at any time at the discretion of the investor at a variable conversion price. The company has issued securities pursuant to exemption provided under Regulation D. The company has paid legal fees of $600.