Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 121

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 121
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 beginning on January 1, 2017; 0.01 (1%) of our outstanding
securities during each of the next four successive quarterly periods, all on a non-cumulative basis, meaning that if no common stock
was sold during any quarterly period while common stock was qualified to be sold, such shares of common stock cannot be sold in the next
successive quarterly period (the “Leak-Out Period”). Notwithstanding the foregoing, any stockholder subject to a lock-up/leak-out
agreement that owns less than 100,000 shares of common stock that are covered thereby, is allowed to sell such stockholder’s common
stock. Our remaining outstanding shares are mostly freely tradable under Rule 144 and certain limitations on the number of shares that
can be sold quarterly by “affiliates” of the Company as defined under the Securities Act. Any sales of substantial amounts
of our common stock in the public market, or the perception that those sales might occur, could harm the market price of our common stock.
See the captions “Market Price of Common Stock and Related Matters” and “Security Ownership of Certain Beneficial Owners
and Management” of Part II, Item 5, below for further information. Further, certain stockholders have “piggy-back”
registration rights afforded to them if we file a registration statement with the SEC; these shares or any registered securities we may
register can also have an adverse effect on any market for our common stock.

We
will not solicit the approval of our stockholders for the issuance of authorized but unissued shares of our common stock unless this
approval is deemed advisable by our Board of Directors or is required by applicable law, regulation or any applicable stock exchange
listing requirements. The issuance of additional shares would dilute the value of our outstanding shares of common stock.

Item
1B. Unresolved Staff Comments

None.

Item
1C. Cybersecurity

Risk
Management and Strategy

Management
is to perform a corporate risk assessment annually, which includes specific consideration and assessment of cybersecurity risk, proportional
to the size of the Company. Service providers must meet certain security requirements such as security incident or data breach notification
and response protocols, data encryption requirements, and data disposal commitments.

23

In
managing cybersecurity risk, we employ a defense-in-depth strategy and regularly monitor our cyber environment for potential new threats.
Our strategy includes employee training and awareness on cybersecurity risks and related best practices, required password complexity,
the use of multi-factor authentication,