Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 47

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 3
Chunk 47
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 to enforce the forum provisions
(an “enforcement action”), and (y) having service of process made upon such warrant holder in any such enforcement action
by service upon such warrant holder’s counsel in the foreign action as agent for such warrant holder.

This
choice-of-forum provision may limit a warrant holder’s ability to bring a claim in a judicial forum that it finds favorable for
disputes with the Company, which may discourage such lawsuits. Alternatively, if a court were to find this provision of the Company’s
warrant agreement inapplicable or unenforceable with respect to one or more of the specified types of actions or proceedings, the Company
may incur additional costs associated with resolving such matters in other jurisdictions, which could materially and adversely affect
the Company’s business, financial condition and results of operations and result in a diversion of the time and resources of the
Company’s management and board of directors.

The
Company is not subject to the supervision of the Financial Services Commission of the British Virgin Islands and so our shareholders
are not protected by any regulatory inspections in the British Virgin Islands.

The
Company is not an entity subject to any regulatory supervision in the British Virgin Islands by the Financial Services Commission. As
a result, shareholders are not protected by any regulatory supervision or inspections by any regulatory agency in the British Virgin
Islands and the Company is not required to observe any restrictions in respect of its conduct save as specified in its memorandum and
articles of association.

  27  

Stockholder
litigation and regulatory inquiries and investigations are expensive and could harm the Company’s and Cetus Capital’s business,
financial condition and results of operations and could divert management attention.

In
the past, securities class action litigation and/or stockholder derivative litigation and inquiries or investigations by regulatory authorities
have often followed certain significant business transactions, such as the sale of a company or announcement of any other strategic transaction,
such as the business combination of the Company with Cetus Capital. Any stockholder litigation and/or regulatory investigations against
the Company or Cetus Capital, whether or not resolved in the Company’s or Cetus Capital’s favor, could result in substantial
costs and divert the Company’s management’s attention from other business concerns, which could adversely affect the Company’s
business, financial condition and results of operations and the ultimate value the Cetus Capital stockholders receive as a result of
the consummation of the Business Combination.

The
obligations associated with being a public company will involve significant expenses and will require significant