Company: RIVF
Filing Date: 2025-06-09
Form Type: 10-KT/A
Source: 0001376474-25-000520
Chunk: 20

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-06-09
Form: 10-KT/A
Chunk 20
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ions Bancorporation, N. A. dba California Bank and Trust. The amount of the loan is $3,500,000, the term is one year, and the interest rate is 6.785% per annum. The funds will be used for operations and to reduce debt. The note is Guaranteed by two related parties who have requested that their identity not be disclosed. The loan Agreement and Note are attached hereto, incorporated by reference and marked Exhibits 10.9 . On October 22, 2024, The issuer entered into a Security Agreement and Secured Promissory Note with Genius Equity, LLC.The amount of the Note is $2,500,000 and will be used to partially finance the film “The Dink”. The term of the Note is one year, and the interest is 20% and the lender will be entitled to 10% of the net profit from the revenues generated from the film. The note is payable within 45 days or when permanent financing is secured. The Promissory Note and Security Agreement are attached hereto, incorporated by refence and marked Exhibits. 10.10. 16 Item 9A. Controls and Procedures. Evaluation of Disclosure Controls and Procedures Our management, with the participation of our chief executive officer evaluated the effectiveness of our disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) and pursuant to Rules 13a-15(b) and 15d-15(b) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") as of June 30, 2024. Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act, such as this Form 10-K, is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms, and that such information is accumulated and is communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative