UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
CURRENT
REPORT PURSUANT TO
SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
| Date
of report (Date of earliest event reported): |
(Exact Name of Registrant as Specified in Charter) |
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of Principal Executive Offices) (Zip Code)
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| None | None | None |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01 Entry into a Material Definitive Agreement
The disclosures set forth in Item 2.03 are incorporated into this Item 1.01 by reference.
Section 2 - Financial Information
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On May 26, 2022, Rivulet Media, Inc., a Delaware corporation (the “Registrant”), issued a promissory note in favor of Aaron Klusman, its Chief Executive Officer, in the principal sum of $50,000.00. The note carries a 0% interest rate, matures on November 30, 2022, and is subject to default interest of 10% per annum.
On June 1, 2022, the Registrant, issued a promissory note in favor of Aaron Klusman, its Chief Executive Officer in the principal sum of $50,000.00. The note carries a 0% interest rate, matures on November 30, 2022, and is subject to default interest of 10% per annum.
On June 1, 2022, the Registrant, issued a promissory note in favor of David Crosser in the principal amount of $20,000.00. The note carries a 10% interest rate, matures on November 30, 2022, and is subject to default interest of 15% per annum.
On June 8, 2022, the Registrant, issued a promissory note in favor of David Crosser in the principal amount of $60,000.00. The note carries a 10% interest rate, matures on November 30, 2022, and is subject to default interest of 15% per annum.
On June 8, 2022, the Registrant entered into a three-year lease agreement wherein it renewed the lease on its principal executive offices located at 1206 East Warner Road, Suite 101-I, Gilbert, Arizona 85296. The rental payments start at $1,945.00 monthly for the first year and $2,063 monthly for the last year. The landlord is Restart Western Skies, L.P. and the lease expires on June 30, 2025.
On June 15, 2022, the Registrant, issued a promissory note in favor of Ralph Davis in the principal amount of $50,000.00. The note carries a 10% interest rate, matures on November 30, 2022, and is subject to default interest of 15% per annum.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 23, 2022
Rivulet Media, Inc., a Delaware corporation
| By: | /s/ Mike Witherill | |
| President and CFO |