Rivulet Media, Inc. announced that it has entered into an agreement for a private placement of convertible promissory note for gross proceeds of $43,750 on September 7, 2021. The transaction included participation from returning investor Geneva Roth Remark Holdings, Inc.. The note will mature on September 7, 2022.

The note is unsecured, bears 10% interest rate per annum. Each of the notes may be converted into shares of common stock of the Company beginning on the date that is 180 days from the date of the note and ending on the later of the maturity date or the date of payment of the default amount. the note will have a conversion price per share equal to 65% of the lowest trading price during the 10-day period prior to conversion.