Company: SNBH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001731122-25-000760
Chunk: 52

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 52
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333,333 shares
of its common stock to an investor for $10,000.

On December 17, 2024, the Company issued a total of
1,000,000 shares of its common stock to a consultant for services rendered.

On December 17, 2024, the Company issued 666,667 shares
of its common stock to an investor for $20,000 received during May 2024.

On December 17, 2024, the Company issued 300,000 shares
of its common stock to a vendor in settlement of a trade payable of $9,000.

There were no other issuances of common stock during
the year ended December 31, 2024.

    13

NOTE 7. COMMITMENTS AND CONTINGENCIES

On December 26, 2019, the Company entered into an
Employment Agreement (the “Furlan Agreement”) with George Furlan pursuant to which Mr. Furlan was appointed as the Company’s
Chief Executive Officer. The Furlan Agreement provides for a base salary of $60,000 per year with such base salary being increased to
$120,000 per year beginning on the one (1) year anniversary of the completion of a financing by the Company of no less than $3,000,000.
The Furlan Agreement also contains an annual bonus based on the amount of revenue generated by the Company from the sale of certain products.
The Furlan Agreement has a term of three years from the effective date. Pursuant to the Furlan Agreement, the Company and Mr. Furlan also
entered into a into a Restricted Stock Agreement to purchase 718,403 shares of the Company’s Common Stock.

On January 8, 2020, the Company entered into an Executive
Consulting Agreement (the “Mansour Agreement”) with James Mansour pursuant to which Mr. Mansour was appointed as an Executive
Consultant. The Mansour Agreement provides for a base salary of $60,000 per year. The Mansour Agreement had a term of three years from
the effective date. Pursuant to the Mansour Agreement, the Company and Mr. Mansour also entered into a Restricted Stock Agreement to purchase
718,403 shares of the Company’s Common Stock. At December 31, 2024, the Company maintained an amount due Mr. Mansour totaling $85,000
included in accounts payable. On February 11, 2025, the