Company: SNBH
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001731122-25-000581
Chunk: 816

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 10
Chunk 816
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 31, 2024. During the first quarter of 2025, the lender converted 100% of the debt and all of the accrued interest into 247,250
shares of the Company’s common stock.

NOTE 7. STOCKHOLDERS’ (DEFICIT)

Preferred stock

The Company is authorized to issue 25,000,000 shares
of Preferred Stock, par value $.001 per share. As of December 31, 2024 and 2023, 1,000,000 shares of Series B Preferred Stock were issued
and outstanding.

 For five years from the date of issuance, the Series
B Preferred Stock shall have the number of votes equal to fifty-one percent (51%) of the cumulative total vote of all classes of stock
of the Corporation, common or preferred, whether such other class of stock is voting as a single class or the other classes of stock are
voting together as a single group, and with respect to such vote, such holder shall have full voting rights and powers equal to the voting
rights and powers of the holders of Common Stock, or any other class of preferred stock, and shall be entitled to notice of any stockholders’
meeting in accordance with the bylaws of the Corporation, and shall be entitled to vote, together with holders of Common Stock and any
class of preferred stock entitled to vote, with respect to any question upon which holders of Common Stock or any class of preferred stock
have the right to vote. After five years, the Series B Preferred Stock shall automatically, and without further action by the Corporation,
be cancelled and void, and may not be reissued.

Common stock

On January 29, 2021, the Company, merged with and
into its wholly owned subsidiary, Sentient Brands Holdings Inc., a Nevada corporation, pursuant to an Agreement and Plan of Merger between
Sentient Brands Holdings Inc., a California corporation, and Sentient Brands Holdings Inc., a Nevada corporation. Sentient Brands Holdings
Inc., a Nevada corporation, continued as the surviving entity of the migratory merger. Pursuant to the migratory merger, the Company changed
its state of incorporation from California to Nevada and each share of its common stock converted into one share of common stock of the
surviving entity in the migratory merger. No dissenters’ rights were exercised by any of the Company’s stockholders in connection
with the migratory merger.

    F-12

On January 23, 2024,