Dec 4 (Reuters) - Kabuni Ltd KBU.AX :
* PROVIDES AN UPDATE ON TRANSACTION WITH PRINT FUTURE INC
* PTF HAS FAILED TO PAY $3.7 MILLION ADDITIONAL CONVERTIBLE PROMISSORY NOTE WHEN DUE
* CO PROVIDED PTF WITH FORMAL NOTICE THAT EVENT OF DEFAULT HAS OCCURRED; CO TO CONSIDER AVAILABLE RIGHTS & RECOURSES TO RECOVER AMOUNTS DUE