Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 820

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 820
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 Company to pay severance to employees upon their dismissal or retirement, or to make regular contributions into defined contribution plans according to Section 14 of the Severance Pay Law, as described below. The Company’s liability accounted for is a post -employmentbenefit.

Annex G-23

KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS Note 14: — EMPLOYEE BENEFIT ASSETS AND LIABILITIES (cont.) The calculation of the Company’s liability with respect to employee benefits is determined according to the effective employment agreement and the employee’s salary and employment terms, which establish the right to receive compensation. The post -employmentemployee benefits are generally funded by contributions that are classified as a defined benefit plan or a defined contribution plan, as detailed below. 1. Defined contribution plans Section 14 of the Severance Pay Law (1963) applies to part of the compensation payments, pursuant to which the fixed contributions paid by the Company into pension funds or policies of insurance companies release the Company from any additional liability to employees for whom said contributions were made. These contributions and contributions for benefits represent defined contribution plans.

|                                         |     | Year ended December 31, 
                    2024 |     | 2023 |     | 2022 |
|:----------------------------------------|:----|------------------------:|:----|-----:|:----|-----:|
|                                         |     |        USD in thousands |     |      |     |      |
| Expenses for defined contribution plans |     |                      48 |     |   91 |     |  142 |

2. Defined benefit plans : The Company accounts for that part of the payment of compensation that is not covered by contributions in defined contribution plans, as above, as a defined benefit plan for which an employee benefit liability is recognized and for which the Company deposits amounts in central severance pay funds and in qualifying insurance policies. A) Changes in the defined benefit liability and the fair value of the plan’s assets 2024

|                                             |     | Expenses charged to profit or loss 
                            Balance 
                              as of 
                         January 1, 
                               2024 |   |     | Cost of 
 current 
 service |   |     |  Interest 
 expenses, 
       net |   |     |      Total 
   expenses 
   credited 
  to profit 
 or loss in 
 the period |   |     | Payments 
 from the 
     plan |   |     | Gain (loss) due to reme