Sundance Strategies, Inc.

Sundance Strategies, Inc. focuses on acquiring financial products related to life insurance policies. The company's business model historically involved purchasing life insurance policies and residual interests in or financial products tied to them. These products include notes, drafts, acceptances, open accounts receivable, and other obligations representing part or all of the sales price of insurance, life settlements, and related insurance contracts traded in the secondary marketplace, known as the "life settlements market." While Sundance Strategies, Inc. currently does not hold life settlement or life insurance policies directly, it previously held a contractual right to receive net insurance benefits, or "NIBs," from a portfolio of life insurance policies held by a third party. These NIBs represented an indirect, residual ownership interest in a portfolio of individual life insurance policies. This arrangement allowed the company to receive a portion of the settlement proceeds from these policies, after expenses related to the acquisition, financing, insuring, and servicing of the underlying policies were paid. The company had no material business operations from 2006 until March 2013. On March 29, 2013, the company merged with ANEW LIFE, INC., which became a wholly-owned subsidiary. On April 17, 2013, the company changed its name from "Java Express, Inc." to "Sundance Strategies, Inc."