Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 749

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 10
Chunk 749
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%, volatility of 83.74%, and a dividend rate of 0%.

During
the year ended March 31, 2024, the Company issued 281,900 warrants to the Chairman of the Board of Directors and 80,000 warrants to Radiant
Life, LLC in conjunction with monies borrowed during the period (see Note 8 to the financial statements included in this report). The
exercise price of these warrants was $1.05. The value of the warrants on the date of grant, as calculated by the Black-Scholes-Merton
valuation model was $316,756. The inputs used in this calculation included a fair value of the underlying common stock of $1.049 per
share, a risk-free between 3.36% and 4.29%, volatility between 86.52% and 89.11% and a dividend rate of 0%.

During
the year ended March 31, 2024, the Company issued 1,106,000 warrants to Mr. Dickman, 772,275 warrants to the Chairman of the Board of
Directors, and 699,754 warrants to Radiant Life, LLC in conjunction with an extension of the maturity dates during the period (see Note
8 to the financial statements included in this report) per the terms outlined above. The exercise price of these warrants was either
$0.41 or $1.05. The value of the warrants on the date of grant, as calculated by the Black-Scholes-Merton valuation model was $964,277.
The inputs used in this calculation included a fair value of the underlying common stock between $0.409 and $1.049 per share, a risk-free
between 3.80% and 4.01%, volatility between 84.00% and 89.07% and a dividend rate of 0%.

As
of March 31, 2025, and 2024, the Company held outstanding warrants to related parties totaling 10,686,123 and 10,843,573, respectively.
As of March 31, 2025, 2,006,754 of these warrants have an exercise price of $0.05, 3,579,579 of these warrants have an exercise price
of $0.41, 5,049,790 have an exercise price of $1.05, and 50,000 of these warrants have an exercise price of $2.00 per share.