Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 176

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 19
Chunk 176
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 exist as of the date the consolidated financial
statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur
or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment.

The following table sets forth
the Company’s contractual obligations as of December 31, 2024. The amounts are gross and undiscounted and include contractual interest
payments.

SCHEDULE
OF CONTRACTUAL OBLIGATIONS

                                                 Total                                     Less than 1 year                     1-3 years                     3-5 years  
                                                 Payment Due by Period                                                                                                   
                                                 Total                                     Less than 1 year                     1-3 years                     3-5 years  
  Bank borrowing                                 $                          5,586,360                            2,771,498                     2,814,862                 
  Payments of leaseback                                                     1,512,566                            1,242,154                     270,412                   
  Operating and financing lease commitments                                    61,147                               61,147                     -                         
  Related party loans                                                       2,162,876                            2,162,876                     -                         
  Loans from third parties                                                    121,375                              121,375                                               
  Total                                          $                          9,444,324                            6,359,050                     3,085,274                 

The Company is currently involved
in a litigation matter with the previous U. S. legal advisor of Cetus Capital, which is a subsidiary of the Company, and may be required
to pay related reasonable attorneys’ fees. The amount was not able to be quantified at this stage, and hence no related liability was
accrued in the financial statements. Other than those shown above, the Company did not have any significant capital and other commitments,
long-term obligations and guarantees as of December 31, 2024.

22. SUBSEQUENT EVENTS

Entry
into Standstill Agreement with Streeterville Capital, LLC

On
March 3, 2025, the Company entered into a Standstill Agreement (the “ Agreement”) with Streeterville Capital, LLC
(“ Streeterville”). Pursuant to the Agreement, Streeterville will not redeem any portion of its outstanding convertible
note with the Company, dated November 26, 2024, during the earlier of (a)
60 days from March 3, 2025, or (b) the date on which