Item 1.01 Entry into a Material Definitive Agreement
Mistress Movie LLC ("Mistress Movie"), a wholly owned subsidiary of Rivulet
Films, Inc., a wholly owned subsidiary of Rivulet Media, Inc. (the "Company"),
executed a Promissory Note dated December 15, 2020, payable Cross Entertainment,
L.L.C. ("Cross Entertainment"), as lender, pursuant to which Mistress Movie
borrowed $60,000. Mistress Movie executed a Promissory Note dated December 17,
2020, payable Cross Entertainment, as lender, pursuant to which Mistress Movie
borrowed $25,000. Mistress Movie executed a Promissory Note dated December 21,
2020, payable Cross Entertainment, as lender, pursuant to which Mistress Movie
borrowed $50,000. Mistress Movie executed a Promissory Note dated December 23,
2020, payable Cross Entertainment, as lender, pursuant to which Mistress Movie
borrowed $25,000. Mistress Movie executed a Promissory Note dated December 24,
2020, payable Cross Entertainment, as lender, pursuant to which Mistress Movie
borrowed $5,000. Mistress Movie executed a Promissory Note dated December 26,
2020, payable Cross Entertainment, as lender, pursuant to which Mistress Movie
borrowed $5,000. Each of the foregoing notes matures on February 28, 2021, bears
no interest, is unsecured, and the unpaid principal may be accelerated upon an
event of default as defined thereunder.
Michael Witherill is the Manager of Mistress Movie and is the Company's
President and CFO and a director of the Company. Mr. Witherill is also the
member and manager of Cross Entertainment.
The descriptions of the promissory notes are only summaries of the material
terms of the notes, do not purport to be a complete description of the notes,
and are qualified in their entirety by reference to the form of note, a copy of
which is filed as Exhibit 10.1 and incorporated herein by reference.
The information set forth under Item 5.02 of this Current Report on Form 8-K is
incorporated into this Item 1.01 by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
The information set forth in Item 1.01 with respect to the Promissory Note
executed by Mistress Movie is incorporated by reference into this Item 2.03.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On January 26, 2021, the Company and Michael Witherill entered into an Amendment
(the "Amendment") to his Employment Agreement dated August 12, 2020. The
Amendment modifies Mr. Witherill's Employment Agreement to permit him, during
his employment under the Employment Agreement, to serve as an officer and
director of Chee Corp., a Nevada corporation. The Amendment is effective as of
September 18, 2020.
The description of the Amendment is only a summary of the material terms of the
Amendment, does not purport to be a complete description of the Amendment, and
is qualified in its entirety by reference to the Amendment, a copy of which is
filed as Exhibit 10.2 to this Current Report on Form 8-K, and the description of
the Amendment is qualified in its entirety by reference to such exhibit.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 Form of Promissory Note .
10.2 Amendment to Employment Agreement .
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RIVULET MEDIA, INC. 
