Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 28

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 the Company issued 500,000 shares of its common stock to a vendor in settlement of a trade payable of $12,000.

On
December 17, 2024, the Company issued a total of 250,000 shares of its common stock to a consultant for services rendered.

On
December 17, 2024, the Company issued 1,333,333 shares of its common stock to an investor for $40,000.

On
December 17, 2024, the Company issued 833,333 shares of its common stock to an investor for $35,000 received during May 2024.

On
December 17, 2024, the Company issued 1,000,000 shares of its common stock to an investor for $30,000.

On
December 17, 2024, the Company issued 333,333 shares of its common stock to an investor for $10,000.

On
December 17, 2024, the Company issued 333,333 shares of its common stock to an investor for $10,000.

On
December 17, 2024, the Company issued a total of 1,000,000 shares of its common stock to a consultant for services rendered.

On
December 17, 2024, the Company issued 666,667 shares of its common stock to an investor for $20,000 received during May 2024.

On
December 17, 2024, the Company issued 300,000 shares of its common stock to a vendor in settlement of a trade payable of $9,000.

There
were no other issuances of common stock during the year ended December 31, 2024.

NOTE
8. COMMITMENTS AND CONTINGENCIES

On
December 26, 2019, the Company entered into an Employment Agreement (the
“Furlan Agreement”) with George Furlan pursuant to which Mr. Furlan was appointed as the Company’s Chief Executive Officer.
The Furlan Agreement provides for a base salary of $60,000 per year with such base salary being increased to $120,000 per year beginning
on the one (1) year anniversary of the completion of a financing by the Company of no less than $3,000,000. The Furlan Agreement also
contains an annual bonus based on the amount of revenue generated by the Company from the sale of certain products. The Furlan Agreement
has a term of