Company: NCEL
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026428
Chunk: 861

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: F-4/A
Chunk 861
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 — obtaining all required approvals from third parties in order to complete the Merger; B.Obtaining approvals — obtaining the relevant approvals from each party’s respective bodies; C.Compliance with representations and warranties — compliance with the parties’ representations and warranties under the merger agreement at the time of completion; D.Cash balances at the time of completion — the cash balance of the Company at the time of completion, including funds that will be raised simultaneously with the completion of the transaction from existing shareholders and other investors, will not be less than a total of USD $5 million (hereinafter, the “Required Cash Balance”); the amount of the loan that will be disbursed in favor of the subsidiary will be offset against the Required Cash Balance. E.A valid registration document — at the time of completion, there will be a valid registration document for the purpose of listing the shares that will be allocated to the Company’s shareholders as part of the Merger; F.A run -offinsurance policy — at the time of completion, the Merger Company will enter into a run -offinsurance policy to cover its directors’ and officers’ liability, and the Company shall participate in that policy’s cost at an amount not exceeding USD $360 thousand. As part of the Memorandum of Understanding, mutual exclusivity conditions were stipulated for 45 days from the date of signing the amendment to the Memorandum of Understanding and the signing of the loan agreement. By March 27, 2023, the Company transferred a total of USD $300 thousand to IMC as part of the aforementioned loan agreement. B. Providing a loan to the IMC subsidiary In accordance with the Memorandum of Understanding that the Company has signed with IMC, as stated in Section A above, on February 28, 2024, a loan agreement was signed between the Company and the subsidiary of IMC (hereinafter, the “Loan Agreement”), whose main terms are as follows: Loan amount: A.A total of up to USD $300,000 would be provided within 5 days from the date of signing the Loan Agreement; the aforementioned amount was transferred to IMC on March 4, 2024. B.A total of up to USD $350,000, to be provided at the time of signing a binding merger agreement between the parties. Annex G-45 KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS Note 23: — Events after the reporting date (cont.) Interest on the loan:The loan will bear interest at a