Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 68

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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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 being
equal to the dollar amount converted. The conversion price will be determined by the volume-weighted average of the closing price of
the Company’s common stock for the 30-day period preceding the requested conversion date.

NOTE
7. STOCKHOLDERS’ (DEFICIT)

Preferred
stock

The
Company is authorized to issue 25,000,000 shares of Preferred Stock, par value $.001 per share. During the first quarter of 2020, the
Company issued 1,000,000 shares of its newly designated Series B Preferred Stock to one investor. During the first quarter of 2025, the
Company accepted return and cancelled 1,000,000 shares of the old Series B preferred Stock from the investor and issued 1,000,000 shares
of its newly designated Series B Preferred Stock to one investor.

For
five years from the date of issuance, the Series B Preferred Stock shall have the number of votes equal to fifty-one percent (51%) of
the cumulative total vote of all classes of stock of the Corporation, common or preferred, whether such other class of stock is voting
as a single class or the other classes of stock are voting together as a single group, and with respect to such vote, such holder shall
have full voting rights and powers equal to the voting rights and powers of the holders of Common Stock, or any other class of preferred
stock, and shall be entitled to notice of any stockholders’ meeting in accordance with the bylaws of the Corporation, and shall
be entitled to vote, together with holders of Common Stock and any class of preferred stock entitled to vote, with respect to any question
upon which holders of Common Stock or any class of preferred stock have the right to vote. After five years, the Series B Preferred Stock
shall automatically, and without further action by the Corporation, be cancelled and void, and may not be reissued.

As
of September 30, 2025 and December