Company: KNRX
Filing Date: 2025-01-15
Form Type: F-1/A
Source: 0001493152-25-002249
Chunk: 153

Company: KNOREX LTD.
Filing Date: 2025-01-15
Form: F-1/A
Chunk 153
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 amount of
US$7,073,397.74 to extend the expiration dates to a period range from March 2026 to December 2027. The exercise price for the
warrants described in (ii) above with an aggregate amount of US$836,597 shall be determined by reference to the issue price of the
types of securities and shall be equal to the issue price of the securities being offered in the next immediate equity funding round
(or equal to 70% of the issue price of Class A Ordinary Shares if the next immediate equity funding round is the Company’s
initial public offering), subject to adjustment for certain dilutive events such as, among other things, subdivision,
reclassification, redenomination, conversion or consolidation of securities, capitalization, capital distribution, and rights issue.
The maximum number of shares that each of these warrant holders may subscribe for shall be determined by dividing the sum of the
maximum subscription sum of the relevant warrant holder by the exercise price, as adjusted for dilutive event(s) where applicable,
corrected up to the nearest whole number.

Differences in Corporate Law

We were incorporated under, and are governed by, the laws of the Cayman Islands. The corporate statutes of the State of Delaware and the Cayman Islands are similar, and the flexibility available under Cayman Islands law has enabled us to adopt a memorandum and articles of association that will provide shareholders with rights that do not vary in any material respect from those they would enjoy if we were incorporated under Delaware law. Set forth below is a summary of some of the differences between provisions of the Companies Act applicable to us and the laws applicable to companies incorporated in Delaware and their shareholders.

In addition, we are exempt from certain corporate governance requirements of the NYSE American by virtue of being a foreign private issuer. We intend to follow Cayman Islands corporate governance practices in lieu of the corporate governance requirements of the NYSE American that listed companies must have for as long as we qualify as a foreign private issuer including: (i) provide an annual certification by our chief executive officer that he or she is not aware of any non-compliance with any corporate governance rules of the NYSE American; (ii) have regularly scheduled executive sessions with only independent directors; or (iii) seek shareholder approval for (a) the implementation and material revisions of the terms of share incentive plans; (b) the issuance of more than 1% of our outstanding ordinary shares or more than 1% of our outstanding voting power to a related party; (c)