Company: SNBH
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001731122-25-000581
Chunk: 658

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 9
Chunk 658
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 controlled by Louis Sorrentino.

    (9)
     On March 2, 2021, the Company effected a 7:1 forward stock split of its issued and outstanding shares of common stock. All shares of common stock reflected in the above table are accounted for on a post-forward split basis.

No Director, executive officer, affiliate or any owner
of record or beneficial owner of more than 5% of any class of voting securities of the Company is a party adverse to the Company or has
a material interest adverse to the Company.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,
AND DIRECTOR INDEPENDENCE

The following includes a summary of transactions since
the beginning of the 2024 fiscal year, or any currently proposed transaction, in which the Company was or is to be a participant and the
amount involved exceeded or exceeds the lesser of $120,000 or one percent of the average of their total assets at year-end for the last
two completed fiscal years, and in which any related person had or will have a direct or indirect material interest (other than compensation
described under “Executive Compensation”). We believe the terms obtained or consideration that we paid or received, as applicable,
in connection with the transactions described below were comparable to terms available or the amounts that would be paid or received,
as applicable, in arm’s-length transactions.

Related party transactions of the Company

Transactions with Related Persons

At no time during the last two fiscal years has any
executive officer, director or any member of these individuals’ immediate families, any corporation or organization with whom any
of these individuals is an affiliate or any trust or estate in which any of these individuals serves as a trustee or in a similar capacity
or has a substantial beneficial interest been indebted to the Company or was involved in any transaction in which the amount exceeded
$120,000 and such person had a direct or indirect material interest.

34

Procedures for Approval of Related Party Transactions

Our Board of Directors is charged with reviewing and
approving all potential related party transactions. All such related party transactions must then be reported under applicable SEC rules.
We have not adopted other procedures for review, or standards for approval, of such transactions, but instead review them on a case-by-case
basis.

Director Independence

Our Board of Directors has undertaken a review of
its composition and the independence of each director. Based on the review of each director’s background, employment and affiliations,
including family relationships, the Board of