Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 61

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 61
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 with Satco International, Ltd. was amended to extend the due date from
August 31, 2025, to August 31, 2026, or at the immediate time when alternative financing 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