Company: MKDWW
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001641172-25-002607
Chunk: 105

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: 20-F
Item: Item 7
Chunk 105
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On
June 3, 2024, an additional deposit in the amount of $50,000 was made into the Trust Account to extend the business combination period
from June 3, 2024 until July 3, 2024. On or about July 3, 2024, a deposit in the amount of $50,000 was made into the Trust Account to
extend the business combination period for an additional one month, until August 3, 2024.

As
of July 31, 2024 (“the Closing Date”), the Extension Loan provided by the Sponsor amounted to $825,000.

Cetus
Capital has entered into agreements with its officers and directors to provide contractual indemnification in addition to the indemnification
provided for in the existing Charter of Cetus Capital. The bylaws of Cetus Capital also permit it to secure insurance on behalf of any
officer, director or employee for any liability arising out of his or her actions, regardless of whether Delaware law would permit such
indemnification. Cetus Capital has purchased a policy of directors’ and officers’ liability insurance that insures its officers
and directors against the cost of defense, settlement or payment of a judgment in some circumstances and insures Cetus Capital against
its obligations to indemnify its officers and directors.

  62  

C.
Interests of Experts and Counsel

Not
applicable.

ITEM
8. FINANCIAL INFORMATION