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EX-10.1 - PROMISSORY NOTE DATED DECEMBER 10, 2020 - Rivulet Media, Inc. | exhibit_10-1.htm |
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
8-K
CURRENT
REPORT PURSUANT TO
SECTION
13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): December 10,
2020
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Rivulet Media,
Inc.
(Exact Name of Registrant as Specified in Charter)
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Delaware
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000-32201
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33-0824714
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(State or Other
Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(IRS Employer
Identification No.)
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1206 East Warner Road,
Suite 101-I, Gilbert, Arizona 85296
(Address
of Principal Executive Offices) (Zip Code)
(480) 225-4052
(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:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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None.
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None.
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None.
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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. ☐
1
Item
2.03
Creation
of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
On
December 10, 2020, Rivulet Media, Inc. (the “Company”)
executed a Promissory Note (the “Note”) payable to
Daniel D. Crosser, as lender, pursuant to which the Company
borrowed $160,000. The Note is unsecured, bears interest at a rate
of 5% per annum, and matures on March 10, 2021. The unpaid
principal and interest may be accelerated upon an event of default
as defined thereunder.
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:
December 10, 2020
Rivulet
Media, Inc., a Delaware corporation
By: /s/ Michael
Witherill
Michael Witherill, President
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