Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 249

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 249
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 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.                         |

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-59 |

CETUS CAPITAL ACQUISITION CORP.

NOTES TO UNAUDITED 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 to become a party to the Business Combination Agreement and to comply with the terms applicable to Merger Sub 2 thereunder.

On October 31, 2023, the Sponsor deposited $ 575,000into the Trust Account in connection with the extension of the Business Combination Period from November 3,