Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 52

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 52
---
 additional product categories aligned with health, safety, and sustainability.

Strategic
Developments

On
April 10, 2025, the Company, through AIG-F&B, Inc., closed a share exchange agreement with American Industrial Group (“AIG”),
pursuant to which AIG transferred select rights, assets, and business lines to AIG F&B in exchange for Acquisition Credits convertible
into shares of SNBH common stock under a performance-based earnout structure. These assets include proprietary beverage and first-aid
product formulations, manufacturing infrastructure, distribution relationships, and brand rights relevant to the Company’s future
business plan.

On
July 5, 2025, the Company, through Aqua Emergency, Inc. (NV) (“AE NV”), closed a share exchange agreement with Aqua Emergency,
Inc. (FL) (“AE FL”), pursuant to which AE FL transferred select rights, assets, and business lines to AE NV in exchange for
Acquisition Credits convertible into shares of SNBH common stock under a performance-based earnout structure. These assets include accounts
receivable, inventory, a perpetual license for intellectual property, manufacturing infrastructure, distribution relationships, and brand
rights supporting the Company’s future roadmap.

    6

On
September 30, 2025, effective October 1, 2025, the Company, through Wyoming
Bears, Inc. (“WYB”), closed a share exchange agreement with the Founders, pursuant to which Founders transferred select rights,
assets, and business lines to WYB in exchange for Acquisition Credits convertible into shares of SNBH common stock under a performance-based
earnout structure. These assets include proprietary distribution relationships and brand distribution rights relevant to the Company’s
enterprise. As a result of the effective date of the transaction, no results for WYB were in included in the financial statements presented
herein.

The
consideration structure for each acquired company is performance-contingent and subject to regulatory holding periods, lock-up agreements,
and earnout milestones tied to revenue, EBITDA, and appraised asset value. The Acquisition Credits may be converted to equity upon the
achievement of defined benchmarks over a multi-year horizon.

This
transaction significantly enhances the Company’s balance sheet and operating capacity, supporting its ability to develop new revenue-generating
products and pursue future acquisitions aligned with its mission.

The
Company’s leadership team brings experience from global consumer brands and retailers, including Original New York Seltzer, Disney,
Hugo Boss, Victoria’s Secret