Company: NCEL
Filing Date: 2025-06-09
Form Type: F-4/A
Source: 0001213900-25-052354
Chunk: 303

Company: NewcelX Ltd.
Filing Date: 2025-06-09
Form: F-4/A
Chunk 303
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 and Chairman of the Board of NLS; 12.Appointment, approval, and ratification of agreements with senior executives — Ariel Revel and Kfir Molakandov — for the period following the completion of the Merger; and 13.To approve the conversion of the outstanding loans extended by Prof. Michel Revel as part of the Merger. In addition, Kadimastem has also agreed to take all actions necessary or requested by NLS in order to delist Kadimastem Ordinary Shares from the TASE effective as of the Effective Time. Governance of the Combined Company after the Merger Articles of Association The Articles of NLS will only be amended as set out in the matters proposed to the shareholders’ meeting to vote on. Subject to the provisions of Swiss law, the combined company may generally amend the Articles by a Simple Majority at a shareholders’ meeting. 148

Management; Board of Directors Mr.Ronen Twito shall serve as the combined company’s CEO and Executive Chairman of the board of directors of the combined company. The CEO shall be entitled to appoint managers, clerks, employees and agents for the company, for permanent, temporary or special positions, as the CEO shall deem fit from time to time, and likewise the CEO shall be entitled to terminate the services of one or more of such persons from time to time and at any time, at his discretion. The CEO may determine the powers and duties of the such persons, as well as their compensation. The current members of the Kadimastem Board will continue to serve as the members of the board of directors of Kadimastem post -Merger. Subject to the approval of Proposal 8 of the NLS Meeting, the board of directors of the combined company shall consist of Mr.Ronen Twito, who is also the nominated Executive Chairman of the board of directors of the combined company, Prof. Michel Revel, Mr.Olivier Samuel, Mr.Eran Iohan, Ms. Liora Oren, Ms. Tammy Galili and Mr.Alexander Zwyer. At each annual ordinary shareholders’ meeting of the combined company, the term of office of all directors serving at that time shall end and new directors shall be elected, by a resolution adopted by a Simple Majority. Directors whose term of office has ended as aforesaid may be re -electedfor an additional term. The board of directors may, by a resolution adopted by the board of directors, appoint an additional director or directors to the company, either to fill a position