Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 274

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 4
Chunk 274
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 any shares
outstanding as of the merger date, the Company established an exchange ratio based on the number of shares issued by Rivulet Entertainment,
Inc. to effectuate the merger divided by the number of shares outstanding of Rivulet Media, Inc. consolidated immediately prior to the
merger as follows:

 SCHEDULE OF MERGER

    Number
    of shares issued to effectuate the merger 
    A 
     96,722,950 
  
    Rivulet
    Media inc. consolidated shares outstanding-pre merger 
    B 
     144,045,171 
  
    Exchange
    ratio 
    A/B 
     0.67 

    F-17

Further,
for the recapitalization shares issued amount, the Company determined the implicit number of shares that Rivulet Media, Inc. would have
had to issue in order to provide Rivulet Entertainment, Inc. with an approximate 12% interest in the combined company and multiplied
that amount times the established exchange ratio as follows:

    Gross
    implicit shares issued by Rivulet Media, inc. 
    A 
     19,320,000 
  
    Exchange
    ratio 
    B 
     0.67 
  
    Net
    implicit shares issued 
    A*B 
     12,972,926 

NOTE
10 – SHAREHOLDERS’ DEFICIT

As
of June 30, 2025, the Company was authorized to issue multiple series of preferred stock, as outlined below. There were no preferred shares
issued or outstanding as of June 30, 2025.

Series
A Preferred Stock: (10,000,000 shares authorized; $0.001 par value):

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

    ●
    Are
    without voting powers on any matter presented to the common stockholders of the Company for their action or consideration. Series
    A stockholders are entitled to vote on matters relating to modifications, adjustments, waivers, or other changes or matters relating
    to Series A stock. Each Series A stock share shall have one (1) vote on matters relating to Series A stock.

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

    ●
    Are
    entitled to receive dividends (which may be cumulative or non-cumulative) at 10% per annum payable in preference to, or in such relation