REALBIZ MEDIA GROUP, INC. (OTCMKTS:RBIZ) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.

On January 31, 2017, the Company entered into an employment
agreement with Anshu Bhatnagar (the Employment Agreement),
effective as of January 2, 2017. to the terms of the Employment
Agreement, Mr. Bhatnagar will serve as Chief Executive Officer of
the Company and a member of the Companys Board of Directors (the
Board) for a term which shall expire on December 31, 2021;
provided, however, that the Employment Agreement may be
renewed thereafter upon written notice by the Company and Mr.
Bhatnagar. to the Employment Agreement, the Company shall pay Mr.
Bhatnagar (i) an annual base salary of $175,000, (ii) an annual
discretionary bonus, as determined by the Board and (iii)
warrants (the Warrants) to purchase 37,500 shares of the Companys
common stock, par value $0.001 per share (the Common Stock) at an
exercise price equal to $1.20 per share (post reverse stock split
of the Companys issued and outstanding Common Stock on a
1-for-200 basis). Mr. Bhatnagar may exercise the Warrants until
such time as he owns 20% of the Companys then issued and
outstanding shares of Common Stock. In addition to the foregoing,
after January 1, 2018, Mr. Bhatnagar shall receive warrants to
acquire up to 3% of the Companys issued and outstanding Common
Stock at the beginning of each calendar year thereafter.

If the Company terminates the Employment Agreement for death or
for Cause (as defined in the Employment Agreement) or Mr.
Bhatnagar terminates the Employment Agreement for other than Good
Reason (as defined in the Employment Agreement), Mr. Bhatnagar
shall receive (i) any earned but unpaid base salary, (ii) any
accrued but unpaid annual bonus, (iii) any earned but unpaid
incentive compensation, (iv) unpaid business expense
reimbursements, (v) accrued but unused vacation, (vi) accrued but
unused sick leave and (vii) any vested benefits Mr. Bhatnagar may
be eligible to receive to the Companys employee benefit plans
(collectively, the Accrued Benefits). If the Company terminates
the Employment Agreement due to disability or without Cause (as
defined in the Employment Agreement) or Mr. Bhatnagar terminates
the Employment Agreement for Good Reason (as defined in the
Employment Agreement), the Company shall continue to pay Mr.
Bhatnagar (i) his then base salary and Plans (as defined in the
Employment Agreement) for the balance of the Employment Period
(as defined in the Employment Agreement), (ii) the Accrued
Benefits and (ii) any pro-rata share of the annual bonus that Mr.
Bhatnagar would have or could have been earned prior to the Date
of Termination (as defined in the Employment Agreement). In
addition to the foregoing, if Mr. Bhatnagar executes a general
release of claims in favor of the Company within 21 days from the
Date of Termination (as defined in the Employment Agreement), Mr.
Bhatnagar shall receive an additional 24 months of his then base
salary.

The foregoing description is a summary only, does not purport to
set forth the complete terms of the Employment Agreement and is
qualified in its entirety by reference to the Employment
Agreement filed as Exhibit 10.1 to this Current Report on Form
8-K and is hereby incorporated by reference.

Item 9.01 Financial Statementsand
Exhibits.

(d) Exhibits.

The exhibits listed in the following Exhibit Index are filed as
part of this Current Report on Form 8-K.

About REALBIZ MEDIA GROUP, INC. (OTCMKTS:RBIZ)

RealBiz Media Group, Inc. is a real estate digital media and technology company. The Company is engaged in the business of providing digital media and marketing services for the real estate industry. It operates in real estate, primarily through Web-assisted services segment. The Company, through its HomeTourNetwork operation provides a television video-on-demand network, a MicroVideo App network and an existing Virtual Tour network. It provides video search, storage and marketing capabilities on multiple platform dynamics for Web, mobile and television. It offers products and services, including enterprise video production, Nestbuilder Agent 2.0, The Virtual Tour (VT) and Microvideo App (MVA), ReachFactor, NestBuilder Website Portal, Nestbuilder Agent and Ezflix Mobile App. It offers services to franchisor accounts in the North America real estate market for compiling listings into a video format and distributing to franchisor’s Websites, brokers and agents, and platforms.

REALBIZ MEDIA GROUP, INC. (OTCMKTS:RBIZ) Recent Trading Information

REALBIZ MEDIA GROUP, INC. (OTCMKTS:RBIZ) closed its last trading session 00.0000 at 0.0260 with 11,300 shares trading hands.