Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 158

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 158
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 the Amended Satisfaction and Discharge Agreement.

Amended Satisfaction and Discharge Agreement with D. Boral Capital LLC

On July 24, 2024,
Cetus Capital, MKD Taiwan, MKD BVI, the Company, and D. Boral Capital LLC (formerly known as EF Hutton LLC) entered into an Amended Satisfaction
and Discharge Agreement, pursuant to which the Company and its subsidiaries agreed, among others, that (i) Cetus Capital and/or the
MKD Parties (as defined in the Amended Satisfaction and Discharge Agreement) shall wire $862,500 to D. Boral Capital LLC; and Cetus
Capital and/or the MKD Parties shall cause to be transferred or issued to D. Boral Capital LLC (or its designees) 115,000 Ordinary
Shares (which was agreed to have an agreed value of $10 per share, or $1,150,000 in the aggregate (the “Original Aggregate Share
Value”)) to satisfy the deferred underwriting commission owed to D. Boral Capital LLC pursuant to Cetus Capital’s initial
public offering, and (ii) the Company agreed to file a registration statement to register the Ordinary Shares issued to D. Boral Capital
LLC, and that if the aggregate VWAP value of the 115,000 Ordinary Shares that D. Boral Capital LLC holds as of the effectiveness date
of the registration statement for the Ordinary Shares, is lower than the Original Aggregate Share Value (the difference between the VWAP
value on such date and the Original Aggregate Share Value, the “Difference in Amount”), then Cetus Capital and/or the
MKD Parties shall compensate D. Boral Capital LLC either in cash or issuing additional Ordinary Shares at a new value of Ordinary
Shares, the (“New Share Price”) in an amount equal to the Difference in Amount on the effectiveness date of the registration
statement. If Cetus Capital and/or the MKD Parties decide to compensate D. Boral Capital LLC for the Difference in Amount in issuing
additional Ordinary Shares, then the New Share Price shall equal an amount that is the lowest of the VWAP for a period of five (5) trading
days immediately prior to the registration statement effectiveness date, but the parties agree that Cetus Capital and/or the MKD
Parties shall also be treated as having discharged all liability relating to the Difference in Amount by issuing an additional
200,000 Ordinary Shares to D. Boral Capital LLC (for a total of