Company: KNRX
Filing Date: 2025-01-15
Form Type: F-1/A
Source: 0001493152-25-002249
Chunk: 152

Company: KNOREX LTD.
Filing Date: 2025-01-15
Form: F-1/A
Chunk 152
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empted 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.                                                |

| 80 |

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 range from December 2024 to December 2026. In January 2025, a total
of 164,713 warrants described in (i) above were exercised to subscribe for 164,713 Class A Ordinary Shares with the remaining
4,527,387 warrants been cancelled in exchange for the issuance of a total of 4,527,387 warrants with an aggregate