Company: SNBH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001731122-25-001154
Chunk: 55

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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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 June 30, 2025 was $258,954 including default interest of $144,066. 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