Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 266

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 4
Chunk 266
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 we have agreed to pay Mr. Zwyer a base annual salary of CHF 410,400, and
a bonus payment, subject to the discretion of the board of directors. The employment agreement also provides that either party may terminate
the employment agreement with 12 months’ prior notice, and that Mr. Zwyer will be subject to a 12-month non-competition and non-solicitation
clauses. The employment agreement also provides for standard confidentiality provisions as well as reimbursement for certain expenses.
Upon the Closing of the Merger, Mr. Zwyer’s employment shall be terminated.

Eric Konofal
Consulting Agreement

In
February 2021, we entered into a consulting agreement with Mr. Eric Konofal, our current Chief Scientific Officer, pursuant to which
we agreed to pay Mr. Konofal a daily rate of CHF 2,000 for his services. The consulting agreement may be terminated by either party upon
30 days’ written notice or immediately by us in the event of a material breach by Mr. Konofal that cannot be cured. The consulting
agreement contains customary confidentiality provisions and provides for an 18-month non-solicitation clause as well as reimbursement
for certain expenses. We entered into a new consulting agreement starting July 1, 2021 for the continuation of Mr. Konofal’s engagement
with the Company in his current role. Upon the Closing of the Merger, Mr. Konofal’s consulting agreement shall be terminated

Nicole Fernandez-McGovern
Services Agreement

On
October 15, 2024, we entered into a consulting agreement with RCM Financial Consulting, Inc., to have Nicole Fernandez-McGovern provide
interim part-time Chief Financial Officer services for $18,000 per month. The consulting agreement may be terminated by either
party upon 30 days’ written notice or immediately by us in the event of a material breach by Ms. Fernandez-McGovern that cannot
be cured. The consulting agreement contains customary confidentiality provisions and provides for an 18-month non-solicitation clause
as well as reimbursement for certain expenses.

Shareholders
and Officer and Director Loans

Short Term Loan
Agreement

On September 28, 2023 and November 15, 2023, we entered into the Short
Term Loan Agreements with Ronald Hafner, the Company’s Chairman of the Board of Directors, or the Short Term Lender, providing for
unsecured loans to the Company