Company: NCEL
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065783
Chunk: 815

Company: NewcelX Ltd.
Filing Date: 2025-07-18
Form: F-4/A
Chunk 815
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15: — CONVERTIBLE LOAN AND CONVERSION COMPONENT OF CONVERTIBLE LOAN AND WARRANTS (cont.) 4.To the extent that the investors choose to convert the Loan into Shares, and subject to obtaining the Stock Exchange’s approval (as required), the Company will also issue non -marketablewarrants to the investors that can be exercised for Shares, which will reflect a rate equal to 125% of the total conversion shares that will be received as a result of the loan’s conversion (hereinafter, the “Warrants,” and with the conversion shares, the “Offered Securities”). The exercise price of the Warrants will be equal to a rate of 110% of the conversion share price, and the Warrants’ exercise period will be 42 months from the date of their issuance. To the extent that the Company extends the payment date by the Extension Period, the Company will issue warrants to the investors, which will reflect an amount of 50% of the shares that resulted from and/or that the investors would be entitled to if they chose to convert the loan amount payable at the time of the notice of the Extension Period, under the same conditions as the Warrants (hereinafter, the “Additional Warrants”). Notwithstanding the above regarding the issuance of the Additional Warrants, if the Company’s securities are listed on the Nasdaq Capital Market on or before the due date, or if the Company has a pending application for listing on the Nasdaq Capital Market, the investors will not be entitled to the Additional Warrants. 5.Until the full repayment date of the Loan, the investors will be entitled to an anti -dilutionmechanism when the Loan is converted, to the extent that it is converted, upon the occurrence of a dilutive event (as defined in the convertible loan agreement), and: (a) if the price per share (or the effective price per unit, as the case may be) in the dilutive event (hereinafter, the “Effective Price”) reflects a discount of less than 10% of the last conversion price for the investors, and if there is no such price, then the conversion price that would have been obtained if the investors had converted immediately before the dilutive event, and the total Shares that had been issued up to that time under all the dilutive events would be lower than 20% of the Company’s issued and paid -upcapital after the issuance of the Shares in the last dilutive event, the protection mechanism will be based on