Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 116

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 116
---
 further subsequently approved the Merger under sections 350 and 351 of the Companies Law. Governance of the Company after the Merger (Page 152) NLS will amend its articles of association as set out in the proposals to the shareholders meeting. The articles of association of the Company will otherwise remain unchanged. The current members of the Kadimastem Board will continue to serve as the members of the board of directors of Kadimastem post -Merger. Subject to the approval of Proposal 9 of the NLS Meeting, the board of directors of the Company shall consist of Mr.Ronen Twito, who is also nominated to be Executive Chairman of the board of directors of the combined company, Prof. Michel Revel, Mr.Olivier Samuel, Mr.Eran Iohan, Ms. Liora Oren, Ms. Tammy Galili and Mr.Alexander Zwyer. At each annual ordinary shareholders’ meeting of the combined company, the term of office of all directors serving at that time shall end and new directors shall be elected, by a resolution adopted by a Simple Majority. Directors whose term of office has ended as aforesaid may be re -electedfor an additional term. The board of directors may, by a resolution adopted by the board of directors, appoint an additional director or directors to the company, either to fill a position that has become vacant for any reason or as an additional director or directors, provided that the number of directors does not exceed six. Any vacancy, however created (whether by resignation, departure or otherwise, and/or otherwise with respect to any available position of office in case that the number of directors then in office is less than six (6)), shall continue until the next annual ordinary shareholders’ meeting. Subject to the provisions of Swiss law, the board of directors may delegate its powers to the committees of the board of directors, to its CEO, to an officer in the combined company, or to another person. The delegation of authority may be for a specific matter or for a specific period of time, all at the discretion of the board of directors. 16 Further, NLS is a foreign private issuer and, as such, is eligible for an exemption from certain Nasdaq corporate governance requirements that apply to issuers that are not foreign private issuers. A discussion of any material differences in the corporate laws of Israel and Switzerland please see the section entitled “ The Merger Agreement — Governance of the Combined Company after the Merger.” Share Ownership of NLS Directors and Executive Officers As