Company: SNBH
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001731122-25-000581
Chunk: 319

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 3
Chunk 319
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rued interest on this note
totaled $20,875 including default interest of $7,353 at December 31, 2024 and $16,630 including default interest of $3,108 at December
31, 2023. On February 26, 2025, the lender converted 100% of the debt and all of the accrued interest into 4,181,284 shares of the Company’s
common stock.

    F-10

On December 2, 2020, we issued a promissory note to
an accredited investor in consideration for $50,000 with interest at the rate of 10% per annum from the issue date, and also issued to
the accredited investor a common stock purchase warrant (the “Warrant”) to acquire 400,000 shares of common stock. The Warrant
is exercisable for a period of five years at an exercise price of $0.01. This note will mature on the earlier of (i) closing of the next
equity financing of at least $1,000,000 or (ii) September 2, 2021 (maturity date). The holder, at its sole election, may convert the interest
accrued on this note into shares of stock of the company at $0.20 per share. On November 29, 2021, the Company repaid principal totaling
$27,500, reducing the Note balance to $22,500. Accrued interest for this note as of December 31, 2024 and 2023 were $7,562 and $5,312
respectively. During December 2023, the investor exercised all of the warrants for $4,000. During the first quarter of 2025, the lender
converted 100% of the debt and all of the accrued interest into 1,032,465 shares of the Company’s common stock.

On December 3, 2020, we issued a convertible debenture
to an accredited investor in consideration for $50,000 with interest at the rate of 10% per annum from the issue date, and also issued
to the accredited investor a common stock purchase warrant (the “Warrant”) to acquire 400,000 shares of common stock. The
Warrant is exercisable for a period of five years at an exercise price of $0.01. This debenture is convertible at the election of the
holder into shares of common stock at the