Company: NCEL
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065783
Chunk: 812

Company: NewcelX Ltd.
Filing Date: 2025-07-18
Form: F-4/A
Chunk 812
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 pledged deposits amounted to USD $170 thousand. In October 2024, the deposit was released, and as of December 31, 2024, its balance is zero. Note 14: — EMPLOYEE BENEFIT ASSETS AND LIABILITIES Employee benefits include short -termbenefits, post -employmentbenefits, other long -termbenefits, and termination benefits. Post-employment benefits The applicable labor laws and the Severance Pay Law in Israel require the 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

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