RIVULET MEDIA, INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

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.

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



  10.42       A promissory note executed on May 26, 2022 in favor of Aaron Klugman
            in the amount of $50,000.00
  10.43       A promissory note executed on June 1, 2022 in favor of Aaron Klugman
            in the amount of $50,000.00
  10.44       A promissory note executed on June 1, 2022 in favor of David Crosser
            in the amount of $20,000.00
  10.45       A promissory note executed on June 8, 2022 in favor of David Crosser
            in the amount of $60,000.00
  10.46       A lease agreement between the registrant and the landlord Restart
            Western Skies, L.P. expiring on June 30 2025.
  10.47       A promissory note executed on June 15, 2022 in favor of Ralph Davis
            in the amount of $50,000.00
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