Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 410

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7
Chunk 410
---
 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
    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;

    ●
    Are
    not convertible;

    ●
    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 for the issue of