Company: MKDWW
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001641172-25-002610
Chunk: 208

Company: MKDWELL Tech Inc.
Filing Date: 2025-04-03
Form: F-1
Chunk 208
---
           | - |
| Operating and financing lease commitments |     |                       |    61,147 |     |                  |    61,147 |     |           |         - |     |           | - |
| Related party loans                       |     |                       | 2,162,876 |     |                  | 2,162,876 |     |           |         - |     |           | - |
| Loans from third parties                  |     |                       |   121,375 |     |                  |   121,375 |     |           |           |     |           |   |
| Total                                     |     | $                     | 9,444,324 |     |                  | 6,359,050 |     |           | 3,085,274 |     |           | - |

The
Company is currently involved in a litigation matter with the previous U.S. legal advisor of Cetus Capital, which is a subsidiary of
the Company, and may be required to pay related reasonable attorneys’ fees. The amount was not able to be quantified at this stage,
and hence no related liability was accrued in the financial statements. Other than those shown above, the Company did not have any significant
capital and other commitments, long-term obligations and guarantees as of December 31, 2024.

22. SUBSEQUENT EVENTS

Entry into Standstill Agreement with Streeterville Capital, LLC

On March 3, 2025, the Company entered into a Standstill Agreement (the “Agreement”) with Streeterville Capital, LLC (“Streeterville”). Pursuant to the Agreement, Streeterville will not redeem any portion of its outstanding convertible note with the Company, dated November 26, 2024, during the earlier of (a) 60 days from March 3, 2025, or (b) the date on which any registration statement filed by the Company with the SEC in connection with any future fundraising transaction is declared effective (the “Standstill Period”). In consideration for the standstill, the Company will pay Streeterville a standstill fee equal to 2% of the outstanding balance of the convertible note(the “Standstill Fee”). As of March 3, 2025, the outstanding balance of the convertible note, inclusive of the Standstill Fee, is US$1,916,288. The Company estimates that the increase in the outstanding balance resulting from the standstill fee will increase the payable amount of Convertible Note and thus increases the Company’s current liabilities.