Company: SNBH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001731122-25-001154
Chunk: 52

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 52
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 the advances pursuant to an unsecured convertible promissory note entered into between the Company and Pure
Energy 714 LLC, the terms call for repayment of the advances including 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,