Company: MKDWW
Filing Date: 2025-02-21
Form Type: F-1/A
Source: 0001493152-25-007784
Chunk: 286

Company: MKDWELL Tech Inc.
Filing Date: 2025-02-21
Form: F-1/A
Chunk 286
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 Company will be converted into an equivalent amount of Pubco’s securities, as follows:

| ● | Each                                                                                                                              
 share of the Class A common stock of the Company will be converted automatically into one ordinary share of Pubco;                |
| ● | Each                                                                                                                              
 right to acquire one-sixth of one share of Class A common stock of the Company will be converted automatically into one right to  
 acquire one-sixth of one ordinary share of Pubco, except that any fractional share that would otherwise be issued will be rounded 
 down to the nearest whole share; and                                                                                              |
| ● | Each                                                                                                                              
 warrant entitled to purchase one (1)                                                                                              
 share of Class A Common stock of the Company at a price of $11.50                                                                 
 per whole share will be converted automatically                                                                                   
 into one warrant to purchase one (1)                                                                                              
 ordinary share of Pubco at a price of $11.50                                                                                      
 per whole share, subject to adjustment                                                                                            
 in accordance with the Warrant terms.                                                                                             |

The Business Combination Agreement contemplates that Pubco will, immediately after the Closing, have a board of directors composed of seven (7) persons, with MKD Taiwan having the right to designate five (5) directors and with Cetus Sponsor LLC having the right to designate two (2) directors.

| F-79 |

CETUS CAPITAL ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS

Note 6 - Business Combination Agreement (Continued)

On July 31, 2023, the parties to the Business Combination Agreement entered into a First Addendum to the Business Combination Agreement, pursuant to which (A) MKDWELL Tech Inc. agreed to become a party to the Business Combination Agreement and to comply with the terms applicable to Pubco thereunder and (B) the parties agreed to extend the date by which Pubco, Merger Sub 1 and Merger Sub 2 must execute an addendum to become parties to the Business Combination Agreement from July 31, 2023 to August 20, 2023.

On August 10, 2023, MKDMerger1 Inc. and MKDMerger2 Inc. each executed and delivered a Second Addendum to the Business Combination Agreement, pursuant to which (A) MKDMerger1 Inc. agreed to become a party to the Business Combination Agreement and to comply with the terms applicable to Merger Sub 1 thereunder and (B) MKDMerger2 Inc. agreed