Company: SNBH
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001731122-25-000581
Chunk: 1048

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1C
Chunk 1048
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,000 was paid in December 2021, resulting in $395,000 in total proceeds to be received by the Company in
the Financing. In addition to the November 2021 Note, the November 2021 Investor also received a common share purchase warrant (the “November
2021 Warrant”, and together with the November 2021 Note, the “Securities”) to acquire 666,667 shares of common
stock of the Company. The November 2021 Warrant is exercisable for five years at an exercise price of $0.45. The lender agreed to
not exercise any of the warrant and conversion feature from their inception through March 31, 2024. The lender has retained its right
to exercise the warrants and conversion feature from April 1, 2024 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 December 31, 2024 and 2023 were $214,954 including default interest of $120,066
and $126,954 including default interest of $31,825, respectively.

    F-11

NOTE 6. 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