Company: KNRX
Filing Date: 2025-09-22
Form Type: F-1/A
Source: 0001493152-25-014499
Chunk: 148

Company: KNOREX LTD.
Filing Date: 2025-09-22
Form: F-1/A
Chunk 148
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 may only exercise the rights and powers granted to them under our post-offering memorandum and articles of association for a proper purpose and for what they believe in good faith to be in the best interests of our company.

Exempted Company.We are an exempted company with limited liability under the Companies Act. The Companies Act distinguishes between ordinary resident companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands may apply to be registered as an exempted company. The requirements for an exempted company are essentially the same as for an ordinary company except that an exempted company:

| ● | does                                                                                       
 not have to file an annual return of its shareholders with the Registrar of Companies of   
 the Cayman Islands;                                                                        |
| ● | is                                                                                         
 not required to open its register of members for inspection;                               |
| ● | does                                                                                       
 not have to hold an annual general meeting;                                                |
| ● | may                                                                                        
 obtain an undertaking against the imposition of any future taxation (such undertakings are 
 usually given for 20 years in the first instance);                                         |
| ● | may                                                                                        
 register by way of continuation in another jurisdiction and be deregistered in the Cayman  
 Islands;                                                                                   |
| ● | may                                                                                        
 register as a limited duration company; and                                                |
| ● | may                                                                                        
 register as a segregated portfolio company.                                                |

| 78 |

Warrants

Pursuant to the Restructuring
Agreement, the Company issued warrants on September 30, 2024 to shareholders of the Company, who were previously shareholders of Knorex
SG, and certain other persons in exchange for warrants previously issued to them by Knorex SG. The warrants issued by the Company included:
(i) a total of 4,692,100 warrants with an aggregate amount of US$7,722,941 and (ii) a set of warrants with an aggregate amount of US$836,597,
both exercisable for the same type of securities the Company issues in its next immediate equity financing round that involves the issuance
of preference shares or preferred securities in the Company to raise funds for the Company (or Class A Ordinary Shares if such immediate
equity financing round is our Company’s initial public offering). The expiration dates of the warrants described in (i) and
(ii) ranged from December 2024 to December 2026. In January 2025, a total of 164,713 warrants described in (