Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 22

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 Promissory Note in the principal amount of $400,000 (the “November 2021 Note”, and, the “Financing”),
to be paid by the November 2021 Investor to the Company in two tranches (each, a “Tranche”). The first Tranche consists of
a payment by the November 2021 Investor to the Company on the Issue Date of $200,000, from which the November 2021 Investor retained
$5,000 to cover its legal fees. A second Tranche consisting of $200,000 was paid in December 2021, resulting in $395,000 in
total proceeds to be received by the Company in the Financing. In addition to the November 2021 Note, the November 2021 Investor also
received a common share purchase warrant (the “November 2021 Warrant”, and together with the November 2021 Note, the “Securities”)
to acquire 666,667 shares of common stock of the Company. The November 2021 Warrant is exercisable for five years at an
exercise price of $0.45. The lender agreed to not exercise any of the warrant and conversion feature from their inception through April
15, 2025. The lender has retained its right to exercise the warrants and conversion feature from April 16, 2025 through their expiration.
The closing of the Financing in the amount of $400,000 occurred on December 16, 2021. The maturity date (“Maturity Date”)
for each Tranche is at the end of the period that begins from the date each Tranche is paid and ends 12 months thereafter, and interest
associated with the November 2021 Note is 10% per annum. Accrued interest for this note as of September 30, 2025 was $280,953 including
default interest of $186,066. Accrued interest for this note as of December 31, 2024 and was $214,954 including default interest of $120,066.

NOTE
5. NOTES PAYABLE

On
January 3, 2020, specific terms were reached between the Company and Pure Energy 714 LLC on the remaining $170,046 of prior advances
made to the Company (See Note 5) pursuant to an unsecured demand note entered into between the Company and Pure Energy 714 LLC. The terms
call for repayment of the advances including interest on any unconverted