Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 29

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 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. At this time, there is no written Employment
Agreement in effect with Mr. Furlan.

    17

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.

As
per terms of the share exchange agreement with AIG F&B, Inc. all legacy contracts were canceled and void as of March 31st,
2025. New contracts and arrangements with the vendors, contractors and the service providers are to be negotiated by the Company in good
faith on as needed bases.

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 executed a tolling agreement and 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