Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 231

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 3
Chunk 231
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 upon the payment
    of dividends or the making of other distributions on, and the purchase, redemption or other acquisition by the Corporation or any
    subsidiary of, any outstanding shares of the Corporation; and

    ●
    May
    have such other relative, participating, optional or other special rights, qualifications, limitations or restrictions thereof, in
    each case as shall be stated in said resolution or resolutions providing for the issue of such shares of Preferred Stock.

NOTE
11 – SUBSEQUENT EVENTS

In
accordance with ASC 855, Subsequent Events, the Company has evaluated events and transactions subsequent to June 30, 2025 through
the date these consolidated financial statements were issued. Other than the below, there are no subsequent events identified
that would require disclosure in these consolidated financial statements.

Film
Rights Sale

Subsequent
to June 30, 2025, the Company collected the remaining $2.0 million of accounts receivable related to film sale that occurred during the
twelve months ended June 30, 2025.

Debt
Payments

Payments
on various notes payable of approximately $2.0 million were repaid subsequent to June 30, 2025.

Debt
Issuance

Subsequent
to June 30, 2025, the Company issued approximately $0.7 million of notes payable bearing interest at rates of 10% to 15%.

F-19

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

Not
applicable.

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, 2025. 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