Company: SNBH
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001731122-25-000581
Chunk: 959

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 14
Chunk 959
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26, 2025, the lender converted 100% of the debt and all of the accrued interest into 11,325,837 shares of the Company’s
common stock.

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 and $332,825 due to Adriatic Advisors
LLC, respectively. The notes mature on the earlier of (i) the closing of the Company’s next equity financing, or (ii) six months
after the date of issue. At the note holder’s sole election on the maturity date, the note holder may convert the interest accrued
on the note into shares of common stock of the Company at $0.05 per share. Accrued interest on these notes totaled $129,427 and $110,440
at December 31, 2024 and December 31, 2023, respectively. On March 11, 2025, the lender converted 100% of the debt and all of the accrued
interest into 10,467,460 shares of the Company’s common stock.

During May 2024, the Company received proceeds of
$11,500 from an investor. The note matures on the earlier of (i) the closing of the Company’s next equity financing, or (ii) six
months after the date of issue. At the note holder’s sole election on the maturity date, the note holder may convert the interest
accrued on the note into shares of common stock of the Company at $0.05 per share. Accrued interest on this note totaled $1,357 at
December 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