Company: NCEL
Filing Date: 2025-09-03
Form Type: F-4/A
Source: 0001213900-25-084157
Chunk: 669

Company: NewcelX Ltd.
Filing Date: 2025-09-03
Form: F-4/A
Chunk 669
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 with U.S. GAAP or other applicable accounting principles; 8.10.10 “ Code ” means the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder; 8.10.11 “ Company Audited Financial Statements ” means the audited balance sheet of the Company, as of December 31, 2022 and December 31, 2023 and the related audited statements of operations, cash flows and stockholders’ equity for the twelve (12)-month periods then ended; 8.10.12 “ Company Closing Cash ” means, as of the Reference Time, the aggregate amount of all cash and cash equivalents (including marketable securities and short-term investments) held by the Company; provided that Company Closing Cash shall not include any: (a) issued but uncleared checks and drafts, outstanding wires and other outstanding transfers, written or issued by the Company, (b) the amount of any declared and unpaid dividends, distributions or other commitments to make payments of the Transaction Expenses, (c) cash held in third party escrow accounts, and (d) cash, the use of which by the Company is subject to any restrictions on its availability or use; 8.10.13 “ Company Equity Award ” means any outstanding option, restricted share unit, restricted shares, warrant or other right to purchase Shares; 8.10.14 “ Company Financial Statements ” means all of the financial statements of the Company and its Subsidiaries included in the Company Securities Filings, including the Company Audited Financial Statements; 8.10.15 “ Company Operating Expenses ” means, a monthly amount equal to the documented operating costs of the Company beginning on July 28, 2024, up to a maximum of $250,000 per month, and pro-rated for any partial month; Annex A-54 8.10.16 “ Company’s Permitted Liens ” means any (i) statutory liens for Taxes (a) that are not yet due and payable, or (b) which individually and in the aggregate are not material and are being contested in good faith; (ii) Liens of mechanics, materialmen, warehousemen or other like Liens securing obligations incurred in the ordinary course of business; (iii) those Liens listed on Schedule 8.10.12 hereto and/or as otherwise incurred in the ordinary course of business; 8.10.17 “ Company Property ” means any real property and improvements owned, leased