Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 675

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 9A
Chunk 675
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, Dickman and Quesenberry would qualify as independent
directors as that term is defined in the listing standards of The NASDAQ Capital Market if we were listed on The NASDAQ Capital Market.
Such independence definition includes a series of objective tests, including that the director is not an employee of the Company and
has not engaged in various types of business dealings with the Company. As Mr. Pearson is also employed by the Company, the Board has
determined that Mr. Pearson is not currently independent. Although the Company’s common stock is not listed on The NASDAQ Capital
Market, the Company has applied The NASDAQ Capital Market independence rules to make its independence determinations.

Committees
of the Board of Directors

The
Board has not established an Audit Committee, a Compensation Committee or a Nominating Committee. Therefore, the Board has not adopted
written charters for any of these committees. Because we have only four directors and one executive officer, we believe that we are able
to effectively manage the issues normally considered by such committees. The Board also does not have an audit committee financial expert.
We believe we are currently able to manage our audit and financial reporting obligations without an audit committee financial expert.
However, as we grow, we will consider adding an audit committee financial expert.

33

In
evaluating a director candidate, our Board of Directors will review his or her qualifications including capability, availability to serve,
conflicts of interest, general understanding of business, understanding of the Company’s business and technology, educational and
professional background, personal accomplishment and other relevant factors. Our Board of Directors has not established any specific
qualification standards for director nominees and we do not have a formal diversity policy relating to the identification and evaluation
of nominees for director, although from time to time the Board of Directors may identify certain skills or attributes as being particularly
desirable to help meet specific needs that have arisen. Our Board of Directors may also interview prospective nominees in person or by
telephone. After completing this evaluation, the Board of Directors will determine the nominees.

The
Board has not adopted a formal process for considering director candidates who may be recommended by stockholders. However, our policy
is to give due consideration to any and all such candidates. A stockholder may submit a recommendation for director candidates to us
at our corporate offices, to the attention of Randall F. Pearson. We do not pay fees to any third parties to assist us in identifying
potential nominees.

Number
of Meetings

The
Board held a total of