Company: NCEL
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026428
Chunk: 860

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: F-4/A
Chunk 860
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 of the transaction), and the shareholders of IMC, as applicable before the Merger transaction is completed, will be entitled to receive a consideration for IMC’s operations, as Noted above, after its sale or commercialization, in a contingent value rights arrangement (hereinafter, “CVR”). To clarify, under the CVR arrangement, the Merger Company’s current activity will be conducted separately from the business operations of the Merger Company post -Merger(i.e., the Company’s activities), and neither the Merger Company nor the management of the Merger Company will have any involvement in the current operations of the Merger Company as mentioned. In addition, prior to the Merger completion date, the current shareholders of IMC will be allocated options to buy shares at a rate of 2% of IMC’s issued and paid -upcapital, post -Merger(fully diluted), which will dilute both parties’ Holding Ratio, at an exercise price that equals the weighted average of the IMC share in the 10 trading days ending 2 trading days before the Merger transaction is completed. The exercise period of the options will be for 24 months. The parties will be entitled to agree on a similar capital structure in terms of economic value which will be awarded to IMC’s shareholders in the context of the Merger agreement. Annex G-44 KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS Note 23: — Events after the reporting date (cont.) According to the terms of the Memorandum of Understanding, the Company will provide the subsidiary of the Merger Company with a secured loan of up to USD $650 thousand, subject to signing a binding loan agreement between the parties, which will be signed shortly after a memorandum of understanding is signed. The loan will be used for the purpose of restructuring, to sell the current operations of the Merger Company, in accordance with its requirements and needs and under the conditions detailed below: The main conditions precedent for signing a binding merger agreement A.Due diligence — performing mutual due diligence to the complete satisfaction of both parties. B.Obtaining approvals — obtaining the relevant approvals from each party’s respective bodies, with the exception of general meeting approvals which are a condition for completing the transaction. C.Support of the parties’ shareholders — signing support agreements by the material shareholders of the Company and the Merger Company, to commit to support the merger agreement. The main conditions precedent for the completion of the merger agreement A.Obtaining approvals from third parties