Company: NCEL
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026428
Chunk: 857

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: F-4/A
Chunk 857
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 Committee and Board of Directors evaluated the conditions of Mr. Twito’s employment and determined that the employment conditions align with the proposed compensation policy. Below are the main conditions: 1.Monthly remuneration — NIS 33,000 (USD $10,200) per month plus vat (until May 31, 2021, the monthly remuneration was NIS 30,000 plus vat (USD $8,700). 2.An annual grant of up to the equivalent remuneration for three months of employment, subject to meeting measurable goals that will be determined in advance. 3.Reimbursement of business expenses in accordance with Company policy and as is the custom for the active chairman. 4.A 90 -dayperiod for an advance notice of termination of employment. 5.Equity compensation — for details regarding the awards to the chairman of the Board of Directors (see Note 19). On August 16, 2021, the shareholders’ meeting approved the terms of Mr. Twito’s employment for the period from June 1, 2021, onwards.

Annex G-42 KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS Note 22: — BALANCES AND TRANSACTIONS WITH INTERESTED AND RELATED PARTIES (cont.) On March 21, 2024, the general meeting of the Company’s shareholders approved the entry into an updated service agreement with Mr. Twito, effective from February 4, 2024, under which, in addition to his services of active chairman of the board, Mr. Twito will serve as President of the Company. The terms of employment are as follows: Scope of employment — 70%. If the Company’s shares are traded in the US on the Nasdaq Capital Market and/or the Company merges with a Nasdaq listed Company, the scope of employment will automatically increase (without requiring additional approvals) to 100%, and the consideration will be revised accordingly. 1.A monthly salary of NIS 50,000, (USD $13,800) starting from the date of approval by the Company’s Board of Directors, i.e., February 4, 2024. To the extent that the employment scope will be updated, as detailed in section 1 above, the consideration will be updated automatically with no need for additional approvals, to a total of NIS 71,450 (USD $19,720). 2.Annual grants — up to 6monthly salaries per year,