Company: SUND
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006815
Chunk: 40

Company: Sundance Strategies, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 40
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 the date of grant, and expire 5 years from the date of issuance.

During
the nine months ended December 31, 2024, the Company issued no new warrants to the Chairman of the Board of Directors, Radiant Life,
LLC or Mr. Dickman in conjunction with an extension of the maturity dates during the period per the terms outlined above (see note 8).

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 nine months ended December 31, 2024, 1,450,000 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, and 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.

 SCHEDULE OF WARRANT OUTSTANDING

    Number of Warrants  
    Weighted Average Exercise Price ($) 
  
    Outstanding at March 31, 2024 
     14,043,573  
     0.75 
  
    Granted to investors for cash 
     1,610,000  
     0.35 
  
    Expired 
     (1,450,000) 
     0.71 
  
    Outstanding at December 31, 2024 
     14,203,573  
     0.71 
  
    Exercisable at December 31, 2024 
     14,203,573  
     0.71 

The
following table summarizes the warrants issued and outstanding as of December 31, 2024:

 SCHEDULE OF WARRANTS ISSUED AND OUTSTANDING

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

     0.05