Extension Agreement to Glenn S. Dickman Promissory Notes with Sundance Strategies, Inc.
This agreement extends the due dates of several promissory notes between Glenn S. Dickman and Sundance Strategies, Inc. to the earlier of November 30, 2021, or when additional funds are received from a bond or other proceeds. In exchange, Sundance Strategies will issue 450,000 warrants to Glenn S. Dickman, allowing him to purchase company shares at $0.05 per share within five years. All other terms of the original notes remain unchanged, and the company is not required to register the shares.
Exhibit 10.27
Extension to Glenn S. Dickman promissory notes
Reference is made to the Promissory note by and between the undersigned parties Glenn S. Dickman and Sundance Strategies, Inc. dated December 4, 2018, October 9, 2018 and July 25, 2018 and August 4, 2019.
Be it known, that for good consideration the parties made the following additions or changes to the promissory notes as if contained therein:
| 1. | Due date for these notes will be extended to the earlier of November 30, 2021 or at the immediate time when the anticipated additional funds from the first bond or other proceeds are received. | |
| 2. | Sundance Strategies agrees to provide the lender 450,000 warrants for Sundance Strategies, Inc., shares at an exercise price of $.05 per share. These warrants will have a 5 year available exercise window from the date of this extension. All other terms and conditions shall remain in full force and effect. The Company will have no obligation to register these shares. |
| /s/ Glenn S. Dickman | ||
| By: | Glenn S. Dickman |
Date: November 5, 2019
Sundance Strategies, Inc.
| /s/ Randall F. Pearson | ||
| By: | Randall F. Pearson, It’s President | |
| Date: November 5, 2019 | ||
