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

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 11
---
 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.

    7

Following
the consummation of the migratory merger, the articles of incorporation and bylaws of the Nevada corporation that was newly-created as
a wholly owned subsidiary of the Company became the articles of incorporation and bylaws for the surviving entity in the migratory merger.

On May 12, 2025, the Company, through its wholly owned
subsidiary AIG-F&B, Inc. (“AIG F&B”), acquired Assets totaling $595,440 from American Industrial Group, Inc. (“AIG”).
In consideration for the assets received, AIG F&B issued $595,440 of Acquisition Credits as defined in the Share Exchange Agreement
between the Company and AIG which was signed in April. The Company acquired machinery and equipment of $77,044, Inventory for sale of
$283,452 and accounts receivable and other assets of $234,944.

On July 5, 2025, Aqua Emergency,
Inc. (Nevada), a 51%-owned subsidiary, in a combination of the business from Aqua Emergency, Inc. (Florida) valued at $1,905,272 via a
Bill of Sale. In consideration for the assets received, Sentient Brands issued $1,905,272 of Acquisition Credits as defined in the Share
Exchange Agreement between the Company and Aqua Emergency, Inc. (FL) which was signed in June. Assets include inventory $106,517, accounts
receivable $301,360, perpetual license for intellectual property $1,150,000.00, prepaid assets $33,617 and Goodwill of $334,520. Consideration
was Acquisition Credits (deferred contingent liability).

On
September 10, 2025, Board of Directors and the Majority Stockholder, respectively, approved the reverse recapitalization of thirty-to-one
of the existing common stock (the “Reverse”) and the filing of a Certificate of