Company: SNBH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001731122-25-001154
Chunk: 61

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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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 three years from the effective date. Pursuant to the Furlan Agreement, the Company and Mr. Furlan also
entered into a into a Restricted Stock Agreement to purchase 718,403 shares of the Company’s Common Stock.

    14 

On January 8, 2020, the Company entered into an Executive
Consulting Agreement (the “Mansour Agreement”) with James Mansour pursuant to which Mr. Mansour was appointed as an Executive
Consultant. The Mansour Agreement provides for a base salary of $60,000 per year. The Mansour Agreement had a term of three years from
the effective date. Pursuant to the Mansour Agreement, the Company and Mr. Mansour also entered into a Restricted Stock Agreement to purchase
718,403 shares of the Company’s Common Stock. At December 31, 2024, the Company maintained an amount due Mr. Mansour totaling $85,000
included in accounts payable. On February 11, 2025, the Company issued 1,700,000 in full settlement of all amounts due Mr. Mansour. See
Note 7.

The Company is currently involved in a wage dispute
with a former contractor dating back to the third quarter of 2020. On May 30, 2025, the Company received a demand letter from an attorney
representing the contractor in the amount of $286,010 including wages, expenses and interest. The Company disputes the claim in its entirety
but has maintained an accrual of $54,000 related to the dispute. The Company has begun settlement discussions with the contractor’s
representative. The Company has not made any change to its accrual as of this time. Neither party has initiated legal action at this time.
Should any legal action occur against the Company, the Company would defend itself vigorously and would assert claims of misconduct against
the former contractor.

In the first quarter of 2024, the
Company engaged a consultant pursuant to which the consultant was to receive as consideration for services in accordance with a
payment schedule three cash payments of $10,000 for a total of $30,000 and three issuances