Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 23

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 principal amount at a rate of 12% per annum and a repayment
date on or before June 3, 2021, at the rate of 12% per annum. If the demand note is unpaid by June 3, 2021, default interest of 3% monthly
will apply. On January 17, 2020, the Company repaid $20,000 of the principal outstanding reducing the note balance to $150,046. An additional
$10,000 was received on March 16, 2021, but subsequently returned in April 20, 2021. Accrued interest on this note totaled $90,521 at
December 31, 2024. On February 26, 2025, the lender converted 100% of the debt and all of the accrued interest into 4,181,284 shares
of the Company’s common stock. See Note 6.

During
2022 and 2023, the Company received proceeds from various loans from Adriatic Advisors LLC. At December 31, 2023 and 2022, the Company
had $383,146 and $332,825 due to Adriatic Advisors LLC, respectively. The notes mature on the earlier of (i) the closing of the Company’s
next equity financing, or (ii) six months after the date of issue. At the note holder’s sole election on the maturity date, the
note holder may convert the interest accrued on the note into shares of common stock of the Company at $0.05 per share. Accrued
interest on these notes totaled $129,427 at December 31, 2024. On March 11, 2025, the lender converted 100% of the debt and all of the
accrued interest into 10,467,460 shares of the Company’s common stock. See Note 6.

    14

During
May 2024, the Company received proceeds of $11,500 from an investor. The note matures on the earlier of (i) the closing of the Company’s
next equity financing, or (ii) six months after the date of issue. At the note holder’s sole election on the maturity date, the
note holder may convert the interest accrued on the note into shares of common stock of the Company at $0.05 per share. Accrued
interest on this note totaled $1,357 at December 31, 2024. During