Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 22

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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ulet 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 

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
9 – SHAREHOLDERS’ EQUITY

As
of December 31, 2024 the Company was authorized to issue multiple series of preferred stock, as outlined below. There were no preferred
shares issued or outstanding as of December 31, 2024.

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 to, the dividends payable on any other class
                                            or classes or series of stock;

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