Replies to post #116525 on Rivulet Media Inc (fka RIVU)

[Calgary2]

Free shr=ares in BMSN

[jeffshir]

First divide 500,000 by 147 to get 3401

[AVALANCHE06]

You got the 2900 without adding any more risk. Just riding the risk to stay with BMSN and to benefit from both. Only risk is whether or not they pay out and do the IPO or with draw the IPO. Then all you have is BMSN and what ever BMSN shares PPS is at that point in time.

GL

[Long-vestor]

Are you missing the due Date for $20,000,000 Bucks, with 91% toxic discount?

The Purchase Agreement shall terminate (i) on the date on which Southridge shall have purchased Shares pursuant to this Agreement for an aggregate Purchase Price of $20,000,000, or (ii) on the date occurring 24 months from the date on which the Agreement was executed and delivered by the Company and Southridge.

On April 26, 2012 the Company executed an Equity Purchase Agreement (the "Purchase Agreement") and Registration Rights Agreement (the "Rights Agreement") with Southridge Partners II, LP, a Delaware limited partnership ("Southridge").



Under the terms of the Purchase Agreement, Southridge will purchase, at the Company's election, up to $20,000,000 of the Company's registered common stock (the "Shares"). During the term of the Purchase Agreement, the Company may at any time deliver a "put notice" to Southridge thereby requiring Southridge to purchase a certain dollar amount of the Shares. Simultaneous with the delivery of such Shares, Southridge shall deliver payment for the Shares. Subject to certain restrictions, the purchase price for the Shares shall be equal to 91% of the Market Price, as such capitalized term is defined in the Purchase Agreement, on such date on which the Purchase Price is calculated in accordance with the terms and conditions of this Agreement. Market Price, as such term is defined in the Purchase Agreement, means the lowest Closing Price, as such term is defined in the Purchase Agreement, during the Valuation Period, as such term is defined in the Purchase Agreement. Less