Company: MKDWW
Filing Date: 2025-01-23
Form Type: F-1
Source: 0001493152-25-003296
Chunk: 153

Company: MKDWELL Tech Inc.
Filing Date: 2025-01-23
Form: F-1
Chunk 153
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 on account of such Ordinary Shares (or other shares into which the Warrants are convertible), other
than (a) as described in the paragraph above, (b) Ordinary Cash Dividends (as defined below), (c) to satisfy the redemption
rights of the holders of the Common Stock of Cetus Capital in connection with a proposed initial Business Combination,
(d) to satisfy the redemption rights of the holders of the Common Stock of Cetus Capital in connection with a stockholder vote
to amend Cetus Capital’s amended and restated certificate of incorporation (i) to affect the substance or timing
of Cetus Capital’s obligation to provide for the redemption of Common Stock in connection with an initial
Business Combination or to redeem 100% of Cetus Capital’s public shares if Cetus Capital does not consummate its initial
Business Combination within the time period set forth in Cetus Capital’s amended and restated certificate of incorporation
or (ii) with respect to any other provisions relating to stockholders’ rights or pre-initial business combination activity
or (e) in connection with the redemption of public shares upon the failure of Cetus Capital to complete its initial
Business Combination and any subsequent distribution of its assets upon its liquidation (any such non-excluded event being referred
to herein as an “Extraordinary Dividend”), then the Warrant Price shall be decreased, effective immediately after
the effective date of such Extraordinary Dividend, by the amount of cash and/or the fair market value (as determined by the
Company’s board of directors (the “Board”), in good faith) of any securities or other assets paid on each
share in respect of such Extraordinary Dividend. For these purposes, “Ordinary Cash Dividends” means
any cash dividend or cash distribution which, when combined on a per share basis, with the per share amounts of all other cash dividends
and cash distributions paid on the Ordinary Shares during the 365-day period ending on the date of declaration of such dividend or distribution
to the extent it does not exceed $0.50 (which amount shall be adjusted to appropriately reflect any of the events referred to herein and
excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of Ordinary Shares
issuable on exercise of each Warrant).

If the number of outstanding Ordinary Shares is decreased by a consolidation, combination, reverse stock split or reclassification of Ordinary Shares or other similar event, then, on the effective date of such consolidation, combination