Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 720

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 9C
Chunk 720
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31, 2025, Mr. Higginson’s beneficial ownership totaled 14,802,775 shares, including 7,000,000 shares owned by Higginson Family
Inv, LLC; 750,000 shares owned by Eclipse Fund LLC; 320,000 shares owned by Radion Energy LLC; 370,000 shares owned by Ecosystems Resources
LLC; and 900,000 shares owned by KGPR, LLC. Also included are 5,462,775 warrants held by Mr. Higginson.

34

Executive
Compensation Objectives and Principles

The
overall objective of our executive compensation program is to help create long-term value for our stockholders by attracting and retaining
talented executives, rewarding superior operating and financial performance, and aligning the long-term interests of our executives with
those of our stockholders. Accordingly, our executive compensation program incorporates the following principles:

    ●
    Compensation
    should be based upon individual job responsibility, demonstrated leadership ability, management experience, individual performance,
    and Company performance.

    ●
    Compensation
    should reflect the fair market value of the services received. We believe that a fair and competitive pay package is essential to
    attract and retain talented executives in key positions.

    ●
    Compensation
    should reward executives for long-term strategic management and enhancement of stockholder value.

    ●
    Compensation
    should reward performance and promote a performance-oriented environment.

Executive
Compensation Procedures

We
believe that compensation paid to our executive officers should be closely aligned with our performance and the performance of each individual
executive officer on both a short-term and a long-term basis, should be based upon the value each executive officer provides to us, and
should be designed to assist us in attracting and retaining the best possible executive talent, which we believe is critical to our long-term
success. To attain our executive compensation objectives and implement the underlying compensation principles, we follow the procedures
described below.

Role
of the Board. The Board has responsibility for establishing and monitoring our executive compensation programs and for making decisions
regarding the compensation of Randall F. Pearson, our Named Executive Officer. The Board sets the compensation package of the Named Executive
Officers.

The
Board relies on its judgment in making compensation decisions after reviewing our performance and evaluating our executives’ leadership
abilities and responsibilities with our Company and their current compensation arrangements. The Board’s assessment process is
designed to be flexible to better respond to the