Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 494

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 494
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 expenses. Michel Revel Employment Agreement On January30, 2025, Kadimastem entered into a Service Agreement with Dr. Michel Revel, to serve as the Chief Scientist of the company. The Service Agreement did not involve any salary. In accordance with the Services Agreement, the Company directly bears the flight expenses and expenses for Prof. Revel’s stay abroad in the framework 265 of providing services to Kadimastem. Once a year, the Compensation Committee will discuss the reasonableness of the business expenses incurred by the Company as stated, with no ceiling set for these expenses. In addition, Prof. Revel is entitled to full reimbursement of reasonable business expenses (including transportation, accommodation, food, etc.), which will be made in accordance with the Company’s accepted procedures and in a maximum amount of NIS 150,000 ($41,666) per year plus VAT and indexed to the CPI. Kfir Molakandov Employment Agreement On January30, 2025, Kadimastem entered into an employment agreement with Mr.Molakandov, to serve as the VP of Research and Development. Kadimastem agreed to pay Mr.Molakandov an annual salary for his services in a NIS amount equivalent to $173,333, including social benefits. The employment agreement may be terminated by either party upon 60 days’ written notice or immediately by us in the event of a material breach by Mr.Molakandov that cannot be cured. The agreement contains standard confidentiality terms. Ariel Revel Employment Agreement On January30, 2025, Kadimastem entered into an employment agreement with Mr.Ariel Revel M.D., for serving as the Director of Medical Affairs of Kadimastem at 50% capacity, pursuant to which we agreed to pay Dr. Revel for his services an annual salary in a NIS amount equivalent to $86,667, including social benefits. The consulting agreement may be terminated by either party upon 30 days’ written notice or immediately by us in the event of a material breach by Mr.Revel that cannot be cured. The agreement contains standard confidentiality terms. Uri Ben Or Consulting Agreement On May1, 2024, Kadimastem entered into a consulting agreement with Mr.Uri Ben Or, for chief financial officer services, pursuant to which Kadimastem agreed to pay Mr.Ben Or a monthly salary of 15,000 NIS for his services. The consulting agreement may be terminated by either party upon 30 days’ written notice or immediately by us in the