Company: SNBH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001731122-25-000760
Chunk: 19

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 products.
The Furlan Agreement has a term of three years from the effective date. Pursuant to the Furlan Agreement, the Company and Mr. Furlan also
entered into a into a Restricted Stock Agreement to purchase 718,403 shares of the Company’s Common Stock.

On January 8, 2020, the Company entered into an Executive
Consulting Agreement (the “Mansour Agreement”) with James Mansour pursuant to which Mr. Mansour was appointed as an Executive
Consultant. The Mansour Agreement provides for a base salary of $60,000 per year. The Mansour Agreement had a term of three years from
the effective date. Pursuant to the Mansour Agreement, the Company and Mr. Mansour also entered into a Restricted Stock Agreement to purchase
718,403 shares of the Company’s Common Stock. At December 31, 2024, the Company maintained an amount due Mr. Mansour totaling $85,000
included in accounts payable. On February 11, 2025, the Company issued 1,700,000 in full settlement of all amounts due Mr. Mansour. See
Note 6.

The Company is currently involved in a wage dispute
with a former contractor dating back to the third quarter of 2020. The contractor claims to be due approximately $184,000 in wages and
other expenses. The Company disputes the claim in its entirety but has maintained an accrual of $54,000 related to the dispute. Neither
party has initiated legal action at this time. Should any legal action occur against the Company, the Company would defend itself vigorously
and would assert claims of misconduct against the former contractor.

In the first quarter of 2024, the Company engaged
a consultant pursuant to which the consultant was to receive as consideration for services in accordance with a payment schedule three
cash payments of $10,000 for a total of $30,000 and three issuances of 1,000,000 shares of the Company’s common stock for a total
of 3,000,000 shares. During the first quarter of 2024, the consultant received two separate cash payments of $10,000 for a total of $20,000
and two separate issuances of 1,000,000 shares of the Company’s common stock. As of March 31, 2025, the consultant had not yet received
the third cash payment and stock issuance. The Company has not recorded any charge for the third