Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 24

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 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.

For the three and nine month periods ended September
30, 2025, certain parties made payments on behalf of the Company to vendors totaling $14,375.

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, Sentient Brands Holdings, Inc. issued $595,440 of Acquisition Credits.

On September 30, 2025, the Company, through its 51%-owned subsidiary Aqua Emergency, Inc.(NV), acquired Assets totaling $1,905,272.28.
from Aqua Emergency, Inc.(FL). In consideration for the assets received, Aqua Emergency, Inc.(FL) Sentient Brands Holdings, Inc. issued
$1,905,272.28 of Acquisition Credits.

On
September 30th, 2025, the Company issued $140,000.00 of Acquisition Credits to a service provider for legal services provided.

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