Company: NCEL
Filing Date: 2025-10-24
Form Type: POS AM
Source: 0001213900-25-102149
Chunk: 14

Company: NewcelX Ltd.
Filing Date: 2025-10-24
Form: POS AM
Chunk 14
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not take any action that would or would reasonably be expected to prevent, materially impair or materially delay the ability of NLS, Kadimastem
or Merger Sub to consummate the transactions contemplated by the Merger Agreement, (ii) conduct its operations in all material respects
in the ordinary and usual course of business consistent with past practice, and (iii) use its reasonable best efforts to preserve intact
its corporate existence. Each of NLS and Kadimastem also agreed that it will not, without a prior written consent of the other party,
(i) amend or authorize any amendments to the terms of any of its outstanding securities or its governing or organizational documents,
or to the governing or organizational documents of any of its subsidiaries, (ii) issue, sell, deliver, pledge, dispose of, encumber or
transfer or agree or commit to do or authorize any of the foregoing with respect to any stock of any class or any other equity securities
or equity equivalents, (iii) split, combine or reclassify any shares of its capital stock, (iv) enter into any contract with respect to
the voting of its equity interests, (v) adopt a plan of complete or partial liquidation, dissolution, merger, consolidation, restructuring,
recapitalization, or other reorganization (other than the Merger), (vi) alter through merger, liquidation, reorganization, restructuring
or any other fashion the corporate structure, (vii) incur or assume any indebtedness or issue any debt securities, individually or in
the aggregate, or modify or agree to any amendment of the terms of any existing indebtedness, (viii) acquire or agree to acquire by merging
or consolidating with, or by purchasing a substantial equity interest in or portion of the assets of, or by any other manner, any business
or any corporation, partnership, joint venture, association or other business organization or division thereof, (ix) change any of the
accounting methods, principles, or practices used by such party, (x) make or change any material tax election, (xi) amend the terms of
any equity plan and/or adopt any new plans and/or schemes with similar results, (xii) institute any legal proceeding, (xiii) fail to keep
in force the insurance policies or replacement or revised policies providing insurance coverage with respect to the assets, operations
and activities of the parties, or (xiv) make any material changes in policies, procedures, or practices with respect to credit, collection,