Company: SNBH
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001731122-25-000581
Chunk: 994

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 15
Chunk 994
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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.

On January 5, 2023, the Company issued 771,242 restricted
shares of its common stock George Furlan, the Company’s Chief Operating Officer, in full and final settlement of an amount due of
$59,000 under Mr. Furlan’s previous employment agreement.

On January 5, 2023, the Company issued 888,889 restricted
shares of its common stock in full settlement of an amount due of $68,000 to an independent contractor.

On January 5, 2023, the Company issued 500,000 restricted
shares of its common stock to Dante Jones, the Company’s interim Chief Executive Officer. The Company took a charge of $13,900 for
this stock issuance in the first quarter of 2023 which is included in general and administrative expenses.

On August 9, 2023, the Company agreed to issue 160,000
restricted shares of its common stock to a qualified investor for proceeds of $8,000. The underlying shares were not issued prior to the
end of the quarter but are listed as outstanding by the Company as of September 30, 2023.

On September 28, 2023, the Company agreed to issue
600,000 restricted shares of its common stock to a qualified investor for proceeds of $30,000. The underlying shares were not issued prior
to the end year but are listed as outstanding by the Company as of December 31, 2023.

    F-13

On December 3, 2023, a noteholder exercised 400,000
warrants to purchase common stock at $0.01 per share for a total of $4,000.

On December 27, 2023, a noteholder exercised 400,000
warrants to purchase common stock at $0.01 per share for a total of $4,000.

There were no other issuances of common stock during
the year ended December 31, 2023.

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.