Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 818

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 818
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| Offices   |     |     3 |
| Vehicles  |     |     3 |
| Equipment |     |     3 |

Where there are indications of impairment, the Company assesses the impairment of the right -of-useasset in accordance with the provisions of IAS 36. 2. Index-linked lease payments At the commencement date of the lease, the Company uses the applicable index rate on the commencement date for the purpose of calculating future lease payments. In transactions in which the Company is a lessee, changes in the total future lease payments as a result of a change in the index are discounted (with no change in the discount rate applicable to the lease liability) and recorded as an adjustment of the lease liability and the right -of-useasset only when there is a change in the cash flows that results from a change in the index (that is, at the time in which the adjustment to the lease payments comes into effect). 3. Lease extension and termination options A non -cancellablelease term includes both the periods that are covered by an option to extend the lease, when it is reasonably certain that the option will be exercised, and the periods that are covered by an option to terminate the lease, when it is reasonably certain that the termination option will not be exercised. In the event that there is a change in the likelihood of exercising an extension option or the expected non -exerciseof the lease termination option, the Company remeasures the outstanding lease liability in accordance with the updated lease period, according to the updated discount rate on the day of the change in the likelihood, and the total change is credited to the balance of the right -of-useasset until it is zeroed and then, to profit or loss. In each reporting period, the Company’s management examines the likelihood of exercising an extension option and updates the aforementioned leases’ amortization schedules accordingly. According to the Company’s assessment, no extension option will be exercised. 4. Subleases In transactions where the Company leases an underlying asset (the “primary lease”) and subsequently subleases such underlying asset to a third party (the “sublease”), the Company assesses whether all the risks and rewards associated with ownership of the right -of-useasset have been transferred. This assessment includes, inter alia, an evaluation of the sublease term relative to the useful life of the right -of-useasset arising from the primary lease.

Annex G-10

KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS NOTE 2: