Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 66

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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 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 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