Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 63

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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 interest on any unconverted
principal amount at a rate of 4% per annum and a repayment date on or before August 15, 2022. Additional terms include a voluntary conversion
option, pursuant to which Pure Energy 714 LLC may convert any outstanding balance at $0.05 per share into shares of common stock. On
January 3, 2020, specific terms were reached on the remaining $170,046 of the advances pursuant to an unsecured demand note. See Note
5. Accrued interest on this note totaled $20,875 including default interest of $7,353 at December 31, 2024. On February 26, 2025, the
lender converted 100% of the debt and all of the accrued interest into 11,325,837 shares of the Company’s common stock. See Note
6.

On
December 2, 2020, we issued a promissory note to an accredited investor in consideration for $50,000 with interest at the rate of 10%
per annum from the issue date, and also issued to the accredited investor a common stock purchase warrant (the “Warrant”)
to acquire 400,000 shares of common stock. The Warrant is exercisable for a period of five years at an exercise price of $0.01. This
note will mature on the earlier of (i) closing of the next equity financing of at least $1,000,000 or (ii) September 2, 2021 (maturity
date). The holder, at its sole election, may convert the interest accrued on this note into shares of stock of the company at $0.20 per
share. On November 29, 2021, the Company repaid principal totaling $27,500, reducing the Note balance to $22,500. Accrued interest for
this note as of December 31, 2024 totaled $6,999. During December 2023, the investor exercised all of the warrants for $4,000. During
the first quarter of 2025, the lender converted 100% of the debt and all of the accrued interest into 1,032,465 shares of the Company’s
common stock. The common shares were issued April 3, 2025. See Note 8.

On
December 3, 2020, the Company issued a convertible debenture to an accredited investor in consideration for $50,000 with