Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 349

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 349
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 Pursuant to the Merger Agreement, there is no minimum price regarding proceeds from the sale of the Legacy Assets, and the Legacy Sub -Committeewill oversee, market, manage, direct, negotiate, and take all other actions reasonably necessary to conduct the Legacy Sale. Pursuant to the CVR Agreement, NLS is also entitled to abandon the planned sale of the Legacy Assets in accordance with the terms and conditions of the Merger Agreement, after which the Holders will not be entitled to any kind payment under the CVR Agreement. If NLS decides to abandon the planned sale of the Legacy Assets, NLS will deliver to the Rights Agent a certificate stating that no CVR payment amount is due, and the Rights Agent will deliver such certificate to each Holder within 3 business days of the Rights Agent’s receipt of such certificate. In such a case, the Holders will have no right to receive a CVR payment, and NLS and the Rights Agent will have no further obligations with respect to any CVR payment. Pursuant to the CVR Agreement, the CVRs shall not have any voting or dividend rights, and interest shall not accrue on any amounts payable on the CVRs to any Holder, except as specifically provided in the CVR Agreement. The CVRs shall not represent any equity or ownership interest in NLS or in any constituent company to the Merger. The rights of the Holders and the obligations of NLS are contract rights limited to those expressly set forth in the Merger Agreement and the CVR Agreement, and such Holders’ sole right to receive property thereunder is the right to receive cash received from the sale of the Legacy Assets, if any, through the Rights Agent in accordance with the terms of the Merger Agreement and the CVR Agreement. A CVR shall not constitute a security of NLS. The CVR Agreement contains a number of covenants and the covenants made by NLS are customary for transactions similar to the CVR Transaction. Pursuant to the CVR Agreement, if an event of default occurs and is continuing or uncured, then the Rights Agent, or either party upon the written request of the majority of the Holders, may bring legal action to protect the rights of the Holders, including action for payment of amounts due, for damages or for injunctive relief. In any such action, the Rights Agent shall be deemed to represent all Holders. Amounts collected by the Rights Agent in any such suit shall be paid first to reimburse the legal