Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 42

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 42
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 for employee and advisory options (including RSUs) needs to be amended. Proposal:Subject to the condition and as of the date immediately following the implementation of Proposal2, the Board of Directors proposes that the Company’s conditional capital for employee and advisory options (including RSUs) shall be amended and that Article 3b para. 1 ( Conditional Share Capital for Employee and Advisory Options) of the Articles shall be amended as follows:

| “Art. 3b — Bedingtes Aktienkapital für Mitarbeiter- und Berateroptionen                                                                                                                                                                                                                                                                                                                                                        |     | Art. 3b — Conditional Share Capital for Employee and Advisory Options                                                                                                                                                                                                                                                                                                              |
| Das Aktienkapital erhöht sich mittels bedingter Kapitalerhöhung um höchstens CHF 27‘000.00 durch Ausgabe von höchstens 450‘000 voll zu liberierenden Namenaktien mit einem Nennwert von je CHF 0.06, durch Ausübung von Optionsrechten, welche zwecks Beteiligung von Mitarbeitern (einschliesslich Geschäftsleitung und Verwaltungsrat) und Beratern der Gesellschaft und/oder deren Tochtergesellschaften eingeräumt werden. |     | The Company‘s share capital will be increased by the issuance of a maximum of 450,000 fully paid in registered shares at a par value of CHF 0.06 each which amounts to a maximum increase of CHF 27,000.00, by exercising option rights granted to employees (including members of the management and the board of directors) and advisors of the Company and/or its subsidiaries. |
| […]                                                                                                                                                                                                                                                                                                                                                                                                                            |     | […]”                                                                                                                                                                                                                                                                                                                                                                               |

The details of the proposal regarding the amount of shares is provisional. The Board of Directors will determine the final details no later than the morning of the NLS Meeting and will finalize this proposal accordingly, which does not constitute an amendment to the proposal. The maximum amount will be set to allow for coverage of options (including RSUs) currently outstanding and options (including RSUs) to be issued in connection with the Merger Agreement in lieu of current Kadimastem options (including RSUs). 6.Amendment of the Articles regarding Conditional Capital for Shareholders’ Options Explanation:Due to the transactions contemplated by the Merger and the changes to the capital structure as contemplated by Proposal2, the current conditional capital for shareholders’ options requires amendment