Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 146

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 146
---
000
warrants exercisable at $0.35
per share, vested immediately upon issuance, with a 5
five year expiration. Proceeds to the Company totaled $850,000.
From June 18, 2024, to July 10, 2024, the Company received subscription agreements from investors, for 805,000
common shares  at a purchase price of $1
per share, including 1,610,000
warrants exercisable at $0.35
per share, vested immediately upon issuance, with a 5
five year expiration. Proceeds to the company totaled $805,000.

Effective
December 6, 2018, three existing stockholders have contributed to the Company a portion of their common shares held at a repurchase price
to the Company of $0.05 per share. The Company has cancelled the acquired shares, which decreased the outstanding common shares on the
books of the Company. The total number of common shares canceled/retired was 8,000,000. The total liability related to the repurchase
of these shares is $400,000, with repayment contingent on a major financing event.

Warrants
to Purchase Common Stock

The
following table summarizes the changes in warrants outstanding of the Company during years ended March 31, 2025, and 2024:

 SCHEDULE OF WARRANT OUTSTANDING

    Number of Warrants  
    Weighted Average Exercise Price ($) 
  
    Outstanding at March 31, 2023 
     9,403,644  
     0.54 
  
    Granted 
     4,639,929  
     0.51 
  
    Outstanding at March 31, 2024 
     14,043,573  
     0.75 
  
    Granted 
     3,154,550  
     0.38 
  
    Expirations 
     (2,702,000) 
     0.40 
  
    Outstanding at March 31, 2025 
     14,496,123  
     0.73 

The
Company’s related party lenders consist of: the Chairman of the Board of Directors and a stockholder, Radiant Life, LLC and Mr.
Dickman, a board member and stockholder. These holders of the related party unsecured promissory notes hold agreements that provide each
related party with common stock warrants upon the lender