Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 814

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 814
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 [or other similar person] without their release after a period of more than 30 days; (c) the termination or suspension of all or substantially all of the Company’s business activities at that time, for a period that exceeds 30 days; (d) a material violation of a condition, representation, or warranty made by the Company as part of the convertible loan agreement that is not rectified for up to 30 days from the date of receipt of a written notice of the said violation; (e) non -paymentof the Loan on the due date in accordance with the convertible loan agreement (hereinafter, “Causes for Immediate Repayment”). Insofar as a Cause for Immediate Repayment has occurred and the Company does not make the Loan repayment within three business days from the date of receipt of said demand, the investors will be entitled to demand the repayment of the Loan through conversion according to the lower of (a) a Company valuation of USD $7 million (pre -money) on the basis of issued and paid -upcapital; or (b) a 20% discount on the average price of the Company’s Shares in the 30 trading days preceding the date of the conversion notice (hereinafter, the “Conversion of the Loan upon an Immediate Repayment Cause”). Annex G-27

KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS NOTE 15: — CONVERTIBLE LOAN AND CONVERSION COMPONENT OF CONVERTIBLE LOAN AND WARRANTS (cont.) 7.The completion of the convertible loan agreement depends on the fulfillment of the conditions precedent, the main ones of which are detailed below: A.Obtaining the Stock Exchange’s approval for the issuance of all the Offered Securities; B.Obtaining the approval of the general meeting of the Company’s shareholders; C.Amending the Company’s Articles of Association in such a way that the maximum number of directors that serve on the Company’s Board of Directors will be reduced to only 6 directors and receiving letters of resignation from 2 directors; D.The Stock Exchange’s approval. On December 13, 2023, all the conditions precedent for the completion of the investment transaction in the convertible loan with the Company’s shareholders were met. Until December 21, 2023, the investors transferred a total of USD $1,250 thousand (NIS 4,540 thousand), gross, and the issuance expenses totaled USD $55 thousand. By April 4, 2024 (the “completion date”), the