Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 20

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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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 totaled $6,999. 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. The common shares were issued April 3, 2025. See Note 8.

On
December 3, 2020, the Company 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 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