Sentient Brands Holdings Inc. (OTCPK:SNBH) announced that it has entered into a securities purchase agreement for a private placement of a 10% Senior Secured Convertible Promissory Note in the principal amount of $315,789 for gross proceeds of $300,000, 250,000 common shares and a warrant to purchase 500,000 shares on April 27, 2021. The transaction included participation from Leonite Fund I LLC, a fund managed by Leonite Capital LLC. The note is convertible into shares of common stock of the Company at $0.40 per share. The note will mature in 12 months from the issuance date, and will bear an interest which is higher of 10% per annum or WSJ Prime plus 7%, which is payable monthly by the company. The note may be prepaid by the company in whole or in part at any time, at 110% of the outstanding principal and accrued interest. The April 2021 warrant is exercisable for five years at an exercise price of $0.60. The note has attached guarantees.