Addendum to the
Exhibit 10.6
ADDENDUM TO ASSET PURCHASE AGREEMENT
The following provisions (the “Addendum”) are hereby incorporated into, and are hereby made a part of, that certain Asset Purchase Agreement dated March 1, 2024 (the “Agreement”) between Advanced Voice Recognition Systems, Inc. a Nevada corporation, n/k/a Rivulet Entertainment, Inc. a Nevada corporation ("Buyer"), and Rivulet Media, Inc., a Delaware corporation ("Seller” or “Company") (individually, a “Party”; collectively, the “Parties”) and such provisions are effective retroactively to the date of the Agreement (the “Effective Date”).
1.Assets.
Acquired Assets. Buyer shall acquire, accept and purchase, the assets listed on Schedule 1.1(a) (the "Acquired Assets") which shall be amended to include The Dink Productions, LLC an Arizona limited Liability company.
2.Purchase Price. PURSUANT TO SCHEDULE 1.4(c) (the "Purchase Price") shall be amended by increasing the common stock portion by 5,239,941 shares for a total of 95,024741 shares.
3. All other terms and conditions of the Agreement shall remain in full force and effect and said Agreement is hereby confirmed and ratified accordingly.
IN WITNESS WHEREOF, the Parties have caused this Addendum to the Asset Purchase Agreement to be duly executed and delivered as of September 6, 2024.
SELLERBUYER
RIVULET MEDIA, INC. Rivulet Entertainment, Inc.
a Delaware corporation a Nevada corporation
By/s/ Michael Witherill By:/s/ Walter Geldenhuys
Michael Witherill Walter Geldenhuys
President and Director President, Chief Executive Officer
SCHEDULE 1.1(a) (amended)
ACQUIRED ASSETS
(Films in Caps)
Nutcracker Productions, LLC
NUTCRACKERS
Good News Productions, LLC
TAURUS
PBP Productions, LLC
PLEASE BABY PLEASE
Mistress Movie, LLC
THE MISTRESS
LAC2 Productions, LLC
LAW ABIDING CITIZEN
Acolyte Productions, LLC
ACOLYTE
Storyland Productions, LLC
Da Vinci Productions, LLC
DA VINCI’S MOTHER
Garden Production, LLC
THE GARDEN
The Dink Productions, LLC
Maughan Music, Inc.
Rivulet Media Ventures, LLC
Rivulet Media (name)
Rivulet Films (name)
SCHEDULE 1.4(c) (amended)
PURCHASE PRICE
The purchase price (hereinafter (“Purchase Price”) will be as follows:
Nutcracker Productions, LLC
NUTCRACKERS:
Cash $5,440,281
Stock 54,500,000
Good News Productions, LLC
TAURUS:
Cash $288,990
Stock 2,892,000
PBP Productions, LLC
PLEASE BABY PLEASE
Cash $140,966
Stock 1,409,370
Mistress Movie, LLC
THE MISTRESS:
Cash $87,600
Stock 870,445
LAC2 Productions, LLC
Cash $1,497,260
Stock 15,000,000
Acolyte Productions, LLC
ACOLYTE
Cash $1,497,260
Stock 15,000,000
Storyland Productions, LLC
Cash $50,345
Stock 500,000
Da Vinci Productions, LLC
DA VINCI’S MOTHER
Garden Production, LLC
THE GARDEN
Maughan Music, Inc.
Cash $50,345
Stock 500,000
Rivulet Media Ventures, LLC
Cash $997,838
Stock 10,000,000
Rivulet Media (NAME):
Cash $10,069
Stock 100,000
Rivulet Films (NAME):
Cash $10,069
Stock 100,000
The Dink Productions, LLC
Stock 5,239,941
Total shares 105,583,045 @ .90
95,024,741
Total cash $10,069,000