Mix your oats, cereal, cake mix and 2 tablespoons sprinkles together in a large bowl.
In a small saucepan melt butter, brown sugar and honey on medium high heat until melted. Once it begins to bubble change heat to low and stir for 2 minutes.
Remove saucepan from burner and stir in your vanilla.
Pour your hot mixture over your oats mixture. Stir well. You want to make sure every single piece of oats and cereal is coated.
Pour your mixture into your greased pan and push down with spatula to flatten it.
Sprinkle chocolate chips and 2 tablespoons sprinkles over top evenly. Gently use a spatula to press down.
Cover with plastic wrap and put in the refrigerator to set for 1 hour.
Take out and cut into bar sizes. Store in airtight container in refrigerator to keep them fresh.