Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 309

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 2
Chunk 309
---
rounded to the nearest whole warrant). Upon the loaning of additional monies,
the lenders will also require 2 warrants for each dollar loaned. All warrants issued under these terms vested immediately upon issuance,
have an exercise price approximately equivalent to the fair value of the Company’s common stock on the date of grant, and expire
5 years from the date of issuance.

During
the year ended March 31, 2025, the Company issued no new warrants in conjunction with monies borrowed during the period

    F-10

During
the year ended March 31, 2025, the Company issued 1,544,550
warrants to the Chairman of the Board of Directors in conjunction with an extension of the maturity dates during the period per the
terms outlined above (see Note 11 to the financial statements included in this report for information on warrants issued subsequent
to fiscal year end). The exercise price 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 $435,199.
The inputs used in this calculation included a fair value of the underlying common stock of $0.409
per share, a risk-free of 4.43%,
volatility of 83.74%, and a dividend rate of 0%.

During
the year ended March 31, 2024 the Company issued 264,600 warrants to the Chairman of the Board of Directors and 120,000 warrants to Radiant
Life, LLC in conjunction with monies borrowed during the period (see Note 6) per the terms outlined above. The exercise price of these
warrants was $1.05. The value of the warrants on the date of grant, as calculated by the Black-Scholes-Merton valuation model was $365,502.
The inputs used in this calculation included a fair value of the underlying common stock of $1.049 per share, a risk-free between 3.62%
and 4.31%, volatility between 142.23% and 148.56% and a dividend rate of 0%.

The
following table summarizes the warrants issued and outstanding as of March 31, 2025:

 SCHEDULE OF WARRANTS ISSUED AND OUTSTANDING

    Exercise Price ($)  
    Warrants Outstanding  
    Warrants Exercisable  
    Weighted Average Remaining Contractual
    Life (Years)  
    Proceeds to Company