Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 414

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 4
Chunk 414
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 or other proceeds are received. This extension
has no bearing on the warrants that were issued in conjunction with the original promissory note.

    F-9

As
of March 31, 2025 and March 31, 2024, the Company owed $0 under the agreement, excluding accrued interest. The associated interest of
$124,225 is recorded on the balance sheet as an Accrued Expense obligation at March 31, 2025, and 2024.

(8)
STOCKHOLDERS’ EQUITY

Common
Stock

On
August 15, 2023, the Company issued a private placement memorandum offering to raise up to $1,500,000
through the issuance of restricted shares of the Company’s common stock (par value $0.001)
to qualified investors. From September 20, 2023, to October 4, 2023, the Company received subscription agreements from investors,
for 850,000
common shares at a purchase price of $1
per share, including 1,700,000
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