Company: KNRX
Filing Date: 2025-08-21
Form Type: F-1/A
Source: 0001641172-25-025066
Chunk: 232

Company: KNOREX LTD.
Filing Date: 2025-08-21
Form: F-1/A
Chunk 232
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 A Ordinary Shares for a total consideration of approximately US$0.2 million.

Amendment to the convertible note agreements

In February 2025, the Company signed the Amendment to the convertible note agreements for the aforementioned nine convertible notes (Note 7) to extend the maturity date to be due in June 2026. The interest rate increased from 8% per annum to 12% per annum beginning in February 2025. The conversion price of the D-2 Nots also amended to be 50% (amended from 70%) of the IPO price or next round of financing.

Between January and June 2025, the Company
secured approximately US$1.9 million in short-term debt financing from various third parties, with maturity dates ranging between
two to six months from the debt issuance dates with interest rates between 24% and 65% per annum, or a one-time interest charge of
10% for certain debt instrument.

In February 2025 and May 2025, the Company secured
approximately US$0.2 million in short-term debt financing from three related parties. Two of these loans initially matured on March 31,
2025, but were subsequently extended to June 30, 2025. The third loan matured on June 30, 2025. Interest rates for these loans
ranged from 30% to 65% per annum.

In April 2025, the Company entered into convertible note agreements with two investors and received approximately US$0.1 million aggregate principal amount convertible promissory notes with a conversion term of 6 months after the completion of the Company’s initial public offerings. Those two convertible notes have a maturity date of April 24, 2026 (the “D-2 Notes”). The D-2 Notes shall bear interest at 8% per annum until such balance to be converted into the Company’s Class A Ordinary Shares. The conversion of the D-2 Notes will be at 60% of the proposed initial public offering (“IPO”) price or next round of financing.

In May 2025, the Company’s subsidiary, Knorex
US secured approximately US$0.2 million in short-term debt financing from a US financial institution with a maturity date of twenty-six
weeks from the debt issuance date with a total interest of US$41,999.94.

| F-30 |

<div align='center'>3,000,000

Ordinary Shares

PROSPECTUS

Craft Capital