Company: NCEL
Filing Date: 2025-06-23
Form Type: F-4/A
Source: 0001213900-25-056787
Chunk: 509

Company: NewcelX Ltd.
Filing Date: 2025-06-23
Form: F-4/A
Chunk 509
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 terms. The disclosure concerning compensation, loans and other forms of indebtedness must include the aggregate amount for the NLS Board and the executive management as well as the particular amount for each member of NLS Board and executive management, specifying the name and function of each respective person. Certain forms of compensation are prohibited for members of our NLS Board and executive management, such as: •severance payments provided for either contractually or in the articles of association (compensation due until the termination of a contractual relationship does not qualify as severance payment); •advance compensation; •compensation paid on conditions other than the customary market conditions connected with a previous activity as a corporate body of NLS; •compensation related to a ban on competition that exceeds the average remuneration for the last three financial years, or compensation related to a ban on competition that is not justified on business grounds; •joining bonuses that do not compensate for a verifiable financial disadvantage; •incentive fees for the acquisition or transfer of companies or parts thereof by NLS or by companies being, directly or indirectly, controlled by us; •loans, other forms of indebtedness, pension benefits not based on occupational pension schemes and performance -basedcompensation not provided for in the articles of association; and •equity securities and conversion and option rights awards not provided for in the articles of association. Compensation to members of the NLS Board and executive management for activities in entities that are, directly or indirectly, controlled by us is prohibited if the compensation (i) would have been prohibited if it was paid directly by NLS, (ii) is not provided for in the articles of association or (iii) has not been approved by the shareholders’ meeting. The shareholders’ meeting votes on the compensation received directly or indirectly by the NLS Board, the executive management and the advisory board. The shareholders’ meeting must vote annually on the compensation of its NLS Board, executive management and the advisory board, and accordingly, at such a meeting, the vote of the shareholders’ meeting shall have a binding effect. In the event that the shareholders’ meeting votes prospectively on the compensation of the executive management, the articles of association may provide for an additional amount for the compensation of the members of the executive management appointed after the vote. The additional amount may only be used if the total amount of the compensation of the executive management decided by the shareholders’ meeting is not sufficient for the compensation of the new members until the next vote of the shareholders’ meeting. The shareholders’ meeting shall not