Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 54

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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 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 for the issue of such shares of Preferred Stock.

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

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

●Are
                                            entitled to vote on any matter presented to the common stockholders of the Company for their
                                            action or consideration. Each share of Series B Preferred shall have twenty-five (25) votes.
                                            Series B stockholders are also entitled to vote on matters relating to modifications, adjustments,
                                            waivers, or other changes or matters relating to Series B stock. Each Series B stock share
                                            shall have one (1) vote on matters relating to Series B stock.

    14

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

●Are
                                            not entitled to receive dividends;

●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 B stock into 25 fully paid
                                            and non-assessable shares of common stock for each share of Series B Preferred stock

●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