Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 24

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 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.

Series
C Preferred Stock: (2,500,000 shares authorized; $0.001 par value; face value of $0.60 per share):

The
Series C Preferred stock had the following rights and privileges:

●Shall
                                            be entitled to vote on any matter presented to the common stockholders of the Company for
                                            their action or consideration. Each share of Series C Preferred shall have one (1) vote.
                                            Series C stockholders are also entitled to vote on matters relating to modifications, adjustments,
                                            waivers, or other changes or matters relating to Series C stock. Each Series B stock share
                                            shall have one (1) vote on matters related to Series C stock.

●May
                                            be subject to redemption at such time or times and at such prices as determined by the Board
                                            of Directors;

●Are
                                            entitled to receive dividends of 10% per annum;

●May
                                            have such rights upon the dissolution of, or upon any distribution of the assets of, the
                                            Corporation;

●Shall
                                            have the right to convert any or all of the holders’ Series C stock into one (1) fully
                                            paid and non-assessable share of common stock for each share of Series C Preferred stock
                                            and Series C Preferred shares shall automatically convert on the one for one basis after
                                            five (5) years from the date of purchase.

●May
                                            be entitled to the benefit of a sinking fund to be applied to the purchase or redemption
                                            of shares of such series in such amount or amounts;

●May
                                            be entitled to the benefit of conditions and restrictions upon the creation of indebtedness
                                            of the Corporation or any subsidiary, upon the issue of any additional shares (including
                                            additional shares of such series or of any other series) and 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