Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 64

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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 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 was exercisable for a period of five years at an exercise price of $0.01. This
debenture was convertible at the election of the holder into shares of common stock at the price per share equal to 120% of the market
price of the Company’s listed common stock on the date of such conversion. During December 2023, the investor exercised all of
the warrants for $4,000.

On
June 25, 2024, the investor submitted paperwork that was approved by the Company to convert the entire Note and all of the related accrued
interest totaling $68,054 into 3,272,031 shares of the Company’s Common Stock. While the transaction was approved, the Common Stock
had not yet been issued at December 31, 2024 and were recorded as “Common Stock to be issued” in the Equity Section of the
accompanying Balance Sheet. The common shares were issued February 20, 2025. See Note 6.

    13

On
April 27, 2021 (the “Issuance Date”), the Company entered into a Securities Purchase Agreement with an accredited investor
(the “April 2021 Investor”) providing for the sale by the Company to the April 2021 Investor of a 10% Senior Secured
Convertible Promissory Note in the principal amount of $315,789 (the “April 2021 Note”, and the “Financing”).
The principal amount of the April 2021 Note includes an Original Issue Discount of $15,789, resulting in $300,000 in total proceeds
received by the Company in the Financing. The April 2021 Note is convertible at the option of the April 2021 Investor into shares of
common stock of the Company at $0.40 per share. In addition to the April 2021 Note, the April 2021 Investor also received 250,000 shares
of common stock of the Company (the “Commitment Shares”), and a common share purchase warrant (the “April 2021 Warrant”,
and together with the April 2021 Note and the Commitment Shares, the “Securities”) to acquire 500,000 shares of
common stock of