Document:

Exhibit
10.1

 

 

Geneva
Roth Remark Holdings, Inc.

 

February 8, 2022

 

	Email:	rick@rivuletfilms.com

mw@rivuletfilms.com

 

RIVULET MEDIA INC.

1206 East Warner Road, Suite 101-I

Gilbert, Arizona 85296

	Attn:	Rick Gean, Interim Chief Financial Officer

                                            Michael Witherill, President

 

RE: GENEVA ROTH REMARK HOLDINGS, INC. – Convertible
Promissory Note

 

Ladies and Gentlemen:

 

With respect to the three (3)
Convertible Promissory Notes made by RIVULET MEDIA INC. (the “Company”) payable to Geneva Roth Remark Holdings Inc. (“Geneva”)
dated July 8, 2021, August 2, 2021, and September 7, 2021, respectively (collectively, the "Notes"), Geneva and the Company
hereby agree to settle all claims and amounts due under the Notes and any other claims or disputes each may have against the other party
in full pursuant to the following terms (such terms being the “Settlement Agreement”):

		1)	Geneva agrees
                                            to accept $386,533.43 in full payment of the Notes, which shall be paid to Geneva in thirteen
                                            (13) weekly payments (each an “Installment Payment”). The first twelve (12) payments
                                            shall be in the amount of $30,000.00 each; and the final payment shall be in the amount of
                                            $26,533.43. The first payment shall be due February 11, 2022, with each subsequent payment
                                            due on each Friday thereafter until paid in full. The Company shall have the right to prepay
                                            the balance due hereunder in full or in part, at any time, with no prepayment penalty. All
                                            payments shall be made by bank wire transfer as set forth below.

		2)	Provided that
                                            each Installment Payment is timely received by Geneva, no further interest or fees shall
                                            accrue on the balance of the Notes.

		3)	If any Installment
                                            Payment shall not be timely made, this Settlement Agreement shall terminate and Geneva may
                                            pursue any remedies available to it pursuant to the terms of the Notes including conversion
                                            into common stock, provided, however, that all amounts paid by the Company hereunder shall
                                            be credited toward the outstanding amounts due under the Notes, in equal proportion between
                                            each of the Notes.

     

     

    

		4)	Upon payment in
                                            full under this Settlement Agreement, each of Geneva and the Company, each on behalf of itself
                                            and its predecessors, successors, owners, subsidiaries, affiliates, directors, officers,
                                            employees, representatives, agents, and assigns (together, with respect to each party, that
                                            parties’ “Releasors”), hereby absolutely, unconditionally, and irrevocably (i) releases and discharges, fully
and finally, the other party and that parties’ predecessors, successors, owners, subsidiaries, affiliates, directors, officers,
employees, representatives, agents, and assigns (together, such parties’ “Released Parties”) from any and all manner
of actions, suits, complaints, claims, judgments, liens, agreements, obligations, charges, and liabilities of whatsoever kind or character,
whether known or unknown, absolute or contingent, at law or in equity, that the Releasors ever had, now have, or may in the future have
against any of the Released Parties relating to or arising out of the Notes, the management and operation of the Released Parties, and
any other facts or circumstances occurring prior to the date of this Settlement Agreement, and (ii) covenants not to institute any claim,
suit, action, or proceeding against any of the Released Parties, whether at law or in equity, in any forum, relating to or arising out
of the foregoing. Each party expressly acknowledges that this release is intended to include in its effect all claims within its scope
that the Releasors does not know or suspect to exist in its favor at the time of execution of this Settlement Agreement, and that this
Settlement Agreement contemplates the extinguishment of those claims. Each party is entering into this Settlement Agreement to buy its
peace with each other party with respect to the above matters.

		5)	The parties have entered into this Settlement
                                            Agreement for the purpose of settlement and compromise, and this Settlement Agreement, and
                                            all communications related thereto, constitute compromise offers and negotiations. This Settlement
                                            Agreement and its execution and performance do not constitute an admission by the parties
                                            as to liability or fault for any claims or defenses related to any matter. Neither the fact
                                            of this Settlement Agreement nor any of its provisions or communications related hereto shall
                                            be used (i) by any third party for any purpose nor, (ii) by any party to this Settlement
                                            Agreement against any other party, except to prove and enforce the terms of this Settlement
                                            Agreement.

		6)	Each party represents and warrants (i)
                                            that it has the power and authority to enter into this Settlement Agreement and that this
                                            Settlement Agreement represents the binding obligations against each party, (ii) that it
                                            has consulted with counsel of such party’s own choosing prior to entering into this
                                            Settlement Agreement, (iii) that it has entered into this Settlement Agreement voluntarily,
                                            and (iv) that it has read this Settlement Agreement fully and carefully, has discussed it
                                            or has had reasonable opportunity to discuss it with such party’s counsel, and fully
                                            understands its terms.

		7)	Notwithstanding Section 4.6 of the Notes, this Settlement Agreement shall be governed by, and
                                                               construed in accordance with, the laws of the State of Arizona, without regard to principles of conflicts of law, and the proper
                                                               venue for any disputes arising hereunder shall be Maricopa County, Arizona.

		8)	This Settlement Agreement constitutes
                                            the entire agreement of the parties with respect to the subject matter hereof and supersedes
                                            and replaces all oral and written statements, conversations, and correspondence, and is intended
                                            by the parties to be the final expression of their agreement on all terms and conditions
                                            herein.

 

Payments to Geneva pursuant to this Settlement Agreement shall be made
by wire transfer (or ACH) as follows:

 

Please include legal name or DBA in memo section identifying
the merchant.

     

     

    

	Bank Name:	***
	Bank Address:	***
	Routing Number:	***
	Beneficiary Account Number: 	***
	Beneficiary:	***
	Mailing Address:	***

  

Kindly confirm your agreement to the foregoing settlement
terms by countersigning below and returning a countersigned copy of this Settlement Agreement. Thanks.

 

	 	Geneva Roth Remark Holdings Inc.

	 	 
	 	/s/ Curt Kramer

	 	Curt Kramer
	 	President

 

	Acknowledged and Agreed

                    RIVULET MEDIA INC.

	 
	By: 	/s/ Rick Gean
	 

                    Rick Gean

                    Interim Chief Financial OfficerExhibit 10.2

 

Geneva
Roth Remark Holdings, Inc.

April 19, 2022

 

Email: rick@rivuletfilms.com

mw@rivuletfilms.com

 

RIVULET MEDIA INC.

1206 East Warner Road, Suite 101-I

Gilbert, Arizona 85296

		Attn:	Rick Gean, Interim Chief Financial Officer

                                            Michael Witherill, President

 

 

RE:       GENEVA
ROTH REMARK HOLDINGS, INC. – Convertible Promissory 

 

Ladies and Gentlemen:

 

As we discussed with respect to the settlement
agreement (the “Agreement”) with respect to three (3) Convertible Promissory Notes of RIVULET MEDIA INC. (the “Company”)
in favor of Geneva Roth Remark Holdings Inc. (“Geneva”) dated July 8, 2021, August 2, 2021 and September 7, 2021, respectively
(collectively, the "Notes"), Geneva hereby agrees to amend the terms of the Agreement and settle the balance of the Notes in
full pursuant to the following terms:

 

A)       Geneva agrees to accept $80,000.00
(“Prepayment”) in full payment of the Notes; provided that, the Prepayment is received by Geneva by wire transfer prior to
4pm EST, Friday, April 22, 2022 (the “Deadline”).

 

B)       If
the Prepayment is not received prior to the Deadline, Geneva agrees to accept $100,000.00 in full payment of the Notes which shall
be paid to Geneva four (4) weekly payments (each an “Installment Payment”); the initial three (3) payments in the amount
of $30,000.00 each; and the final payment in the amount of $10,000.00. The first payment shall be due April 22, 2022 with the next
weekly payment to Geneva on the following Friday and another payment each Friday thereafter until paid in full. The Company shall
have the right to prepay the balance of the Notes in full, at any time, with no prepayment penalty. All payments shall be made
timely and by bank wire transfer. Provided that each Installment Payment is timely received by Geneva, no further interest or fees
shall accrue on the balance of the Notes.

 

If any payment shall not be timely made, this settlement
offer shall terminate ab initio; and Geneva may pursue any of its remedies available to it pursuant to the terms of the Notes
including conversion into common stock.

 

Wire (or ACH) instructions are as follows:

Please include legal name or DBA in memo section identifying
the merchant.

 

	Bank Name:	***
	Bank Address:	***
	Routing Number:	***
	Beneficiary Account Number: 	***
	Beneficiary:	***
	Mailing Address:	***

 

     

     

    

 

Kindly confirm your agreement to the foregoing settlement terms by countersigning
below and returning a countersigned copy of this letter. Thanks.

 

Geneva Roth Remark Holdings Inc.

 

/s/ Curt Kramer                           

 

Curt Kramer

President

 

 

Acknowledged and Agreed:

RIVULET MEDIA INC.

 

By: /s/ Rick Gean                           

Rick Gean

Interim Chief Financial Officer

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