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Sentient Brands Holdings Inc. – ‘10-Q’ for 6/30/22 – ‘EX-4.19’

On:  Monday, 8/22/22, at 5:15pm ET   ·   For:  6/30/22   ·   Accession #:  1731122-22-1472   ·   File #:  1-34861

Previous ‘10-Q’:  ‘10-Q’ on 5/23/22 for 3/31/22   ·   Next:  ‘10-Q’ on 11/21/22 for 9/30/22   ·   Latest:  ‘10-Q’ on 11/20/23 for 9/30/23   ·   14 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/22/22  Sentient Brands Holdings Inc.     10-Q        6/30/22   43:2.3M                                   Electro Filings LLC/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    479K 
 2: EX-4.17     Instrument Defining the Rights of Security Holders  HTML     24K 
 3: EX-4.19     Instrument Defining the Rights of Security Holders  HTML     24K 
 4: EX-4.20     Instrument Defining the Rights of Security Holders  HTML     64K 
 5: EX-4.21     Instrument Defining the Rights of Security Holders  HTML     36K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     19K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     19K 
 8: EX-32       Certification -- §906 - SOA'02                      HTML     15K 
14: R1          Cover                                               HTML     62K 
15: R2          Condensed Consolidated Balance Sheets (Unaudited)   HTML     77K 
16: R3          Condensed Consolidated Balance Sheets (Unaudited)   HTML     31K 
                (Parenthetical)                                                  
17: R4          Condensed Statements of Operations (Unaudited)      HTML     78K 
18: R5          Condensed Statements of Stockholders' Equity        HTML     46K 
                (Deficiency) (Unaudited)                                         
19: R6          Condensed Statements of Cash Flows (Unaudited)      HTML     61K 
20: R7          Organization and Nature of Operations               HTML     22K 
21: R8          Basis of Presentation and Going Concern             HTML     21K 
22: R9          Significant Accounting Policies                     HTML     26K 
23: R10         Inventories                                         HTML     17K 
24: R11         Convertible Notes Payable                           HTML     50K 
25: R12         Notes Payable                                       HTML     20K 
26: R13         Stockholders? (Deficiency)                          HTML     29K 
27: R14         Commitments and Contingencies                       HTML     24K 
28: R15         Subsequent Events                                   HTML     28K 
29: R16         Significant Accounting Policies (Policies)          HTML     44K 
30: R17         Organization and Nature of Operations (Details      HTML     18K 
                Narrative)                                                       
31: R18         Basis of Presentation and Going Concern (Details    HTML     26K 
                Narrative)                                                       
32: R19         Significant Accounting Policies (Details            HTML     18K 
                Narrative)                                                       
33: R20         Inventories (Details Narrative)                     HTML     16K 
34: R21         Convertible Notes Payable (Details Narrative)       HTML     84K 
35: R22         Notes Payable (Details Narrative)                   HTML     33K 
36: R23         Stockholders? (Deficiency) (Details Narrative)      HTML     36K 
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38: R25         Subsequent Events (Details Narrative)               HTML     50K 
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11: EX-101.DEF  XBRL Definitions -- snbh-20220630_def                XML    170K 
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42: JSON        XBRL Instance as JSON Data -- MetaLinks              184±   251K 
43: ZIP         XBRL Zipped Folder -- 0001731122-22-001472-xbrl      Zip    162K 


‘EX-4.19’   —   Instrument Defining the Rights of Security Holders


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 

 

EXHIBIT 4.19

 

EXTENSION AGREEMENT

 

THIS EXTENSION AGREEMENT (the “Agreement”) is entered into as of August 19, 2022 (“Effective Date”), by and between SENTIENT BRANDS HOLDINGS INC., a corporation organized under the laws of the state of Nevada (the “Borrower”), and LEONITE FUND I, LP (the “Investor”).

 

WHEREAS, the Borrower and the Investor entered into a SENIOR SECURED CONVERTIBLE PROMISSORY NOTE dated April 27, 2021 (the “Note”), issued pursuant to the terms of that certain SECURITIES PURCHASE AGREEMENT dated April 27, 2021 (the “SPA”), and secured pursuant to that certain SECURITY AND PLEDGE AGREEMENT dated April 27, 2021 (the “Security Agreement” and collectively with the Note and the SPA, the “Loan Documents”);

 

WHEREAS, pursuant to the terms of the Loan Documents, the Borrower was required to pay balance in full due under the Note by April 27, 2022, and the Borrower has failed to make such payment;

 

WHEREAS, the Borrower requested that Investor provide Borrower with an extension with regards to the payments due under the Note;

 

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Investor and the Company hereby agree as follows:

 

1.                   The representations, covenants, and recitations set forth in the foregoing recitals are hereby incorporated into and made a part of this Agreement, including all defined terms referenced therein.

 

2.                    Except as specifically modified by this Agreement, the terms and conditions of the Loan Documents, shall remain in full force and effect. In the event of any inconsistency between the terms of this Agreement and the terms of the Loan Documents, the terms of this Agreement shall control. All capitalized terms used herein shall have the meaning ascribed to them in the Note, unless defined otherwise herein.

 

3.                   For a period beginning on the Effective Date and ending on January 2, 2023 (the “Extension Period”), and so long as no other Events of Default occur under the Transaction Documents (in addition to the non-payment by Maturity Date), Investor will not demand repayment of the amounts due under the Note and will not initiate collection actions against the collateral in which the Investor was granted a security interest pursuant to the terms of the Security Agreement, provided however, that Investor expressly reserves all rights and remedies granted to it under the Note, including but not limited to, assessing penalties, default interest, and fees on the balance due thereunder.

 

4.                   Borrower shall incur a legal fee of $1,500 in connection with this Agreement, which shall be added to the balance due under the Note.

 

 C: 

Page  C: 1 of 3

 

 

5.                  This Agreement may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

6.                   This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the state and/or federal courts located in Delaware. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. THE BORROWER HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS NOTE OR ANY TRANSACTIONS CONTEMPLATED HEREBY. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this Agreement or any other related documents by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

[Signature page follows]

 

 C: 

Page 2 of 3

 

 

IN WITNESS WHEREOF the parties have signed this Agreement in one or more counterparts as of the date first hereinabove set forth.

  

The Borrower  
   
SENTIENT BRANDS HOLDINGS INC.  
     
By:    
Name: Dante Jones  
Title: Interim Chief Executive Officer  

 

The Investor

 

LEONITE FUND I, LP  
By its Manager, Leonite Advisors LLC  
     
By:    
Name: Avi Geller  
Title: Manager  

  

[Signature page to Extension Agreement]

 

Page 3 of 3

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
1/2/23
Filed on:8/22/22
8/19/22S-8
For Period end:6/30/22NT 10-Q
4/27/22
4/27/218-K
 List all Filings 


3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/16/24  Sentient Brands Holdings Inc.     10-K       12/31/23   42:2.7M                                   Electro Filings LLC/FA
 4/17/23  Sentient Brands Holdings Inc.     10-K       12/31/22   45:2.7M                                   Electro Filings LLC/FA
11/21/22  Sentient Brands Holdings Inc.     10-Q        9/30/22   39:2.2M                                   Electro Filings LLC/FA


11 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/19/22  Sentient Brands Holdings Inc.     S-8         8/19/22    5:382K                                   Electro Filings LLC/FA
11/22/21  Sentient Brands Holdings Inc.     10-Q        9/30/21   45:2.7M                                   Electro Filings LLC/FA
 5/03/21  Sentient Brands Holdings Inc.     8-K:1,2,3,9 4/27/21    5:534K                                   Electro Filings LLC/FA
 4/15/21  Sentient Brands Holdings Inc.     10-K       12/31/20   49:2.3M                                   Electro Filings LLC/FA
 3/03/21  Sentient Brands Holdings Inc.     8-K:5,9     3/02/21    4:24M                                    Electro Filings LLC/FA
 5/29/20  Sentient Brands Holdings Inc.     10-K       12/31/19   41:1.8M                                   Electro Filings LLC/FA
 2/14/20  Sentient Brands Holdings Inc.     8-K:1,2,3,4 2/12/20   23:28M                                    Edgar Filing LLC/FA
 1/08/20  Sentient Brands Holdings Inc.     8-K:1,8,9   1/02/20    2:69K                                    Edgar Filing LLC/FA
 5/06/19  Sentient Brands Holdings Inc.     8-K:1,9     4/27/19    3:85K                                    Edgar Filing LLC/FA
 3/19/19  Sentient Brands Holdings Inc.     8-K:1,5,9   3/13/19    4:153K                                   Edgar Filing LLC/FA
 4/17/06  Sentient Brands Holdings Inc.     SB-2                   7:389K                                   Securitas Edgar … Inc/FA
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Filing Submission 0001731122-22-001472   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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