Company: SNBH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001731122-25-001154
Chunk: 56

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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 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 at December
31, 2024. 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. See Note 6.

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. The common shares were issued April 3, 2025. See Note 8.

    11 

NOTE 6. ACQUISITION
CREDITS

On May 12, 2025, the Company, through its wholly owned
subsidiary AIG F&B, acquired Assets totaling $595,441 from American Industrial Group, Inc. In consideration for the assets received,
AIG F&B issued $595,441 of Acquisition Credits. Acquisition Credits are issued subject to investment representations of the original
recipient and may be transferred or exchanged only in compliance with the Securities Act of 1933. The Holder of an Acquisition Credit
is entitled, at its option, at any time more than six months after the issuance date, which will be the Maturity Date, to convert any
or all of the principal amounts of the Acquisition Credits or any portion of the principal amount into shares of Common Stock of the Company
with the number of shares issuable upon such conversion