Company: SUND
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022380
Chunk: 13

Company: Sundance Strategies, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 of these warrants was $0.41. The value of the warrants on the date of grant,
as calculated by the Black-Scholes-Merton valuation model was $388,511. The inputs used in this calculation included a fair value of
the underlying common stock of $0.409 per share, a risk-free of 3.81%, volatility of 82.79%, and a dividend rate of 0%.

Between
June 18, 2024, and July 10, 2024, the Company issued 1,610,000 warrants to equity investors, which
vested immediately and expire 5 years from the date of issuance, in conjunction with a purchase of 805,000 shares of the Company’s
common stock. The exercise price of these warrants was $0.35.

    11

During
the six months ended September 30, 2025, 431,000 warrants expired. These warrants were issued in 2020 in association with monies loaned
to the Company by the Chairman of the Board of Directors. These warrants had an exercise price of $0.05. See Note 8 for information on
expiring warrants subsequent to quarter end.

During
the year ended March 31, 2025, 2,702,000 warrants that had been previously issued expired. Of these warrants, 1,000,000 had an exercise
price of $1.00 and were issued in 2021 in association with the unsecured promissory note agreement that the Company has in place with
Satco International, 450,000 had an exercise price of $0.05 and were issued in 2019 in association with the extension of notes payable
to Mr. Dickman, 702,000 had an exercise price of $0.05 and were issued in 2020 in association with monies loaned to the Company by Mr.
Dickman, and 500,000 had an exercise price of $0.05 and were issued in 2020 in association with the extension of notes payable to the
Chairman of the Board of Directors.

 SCHEDULE OF WARRANT OUTSTANDING

    Number
    of Warrants

    Weighted
    Average Exercise Price ($)

    Outstanding at March 31, 2024

    14,043,573

    0.75

    Granted

    3,154,550

    0.38

    Reductions

    (2,