Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 697

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 697
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ed Cash Amount is equal to or greater than $0, that amount shall be referred to herein as the “ Parent Excess Cash Amount ” and if the Parent Adjusted Cash Amount is less than $0, the absolute value of that amount shall be referred to herein as the “ Parent Deficit Cash Amount ”; Annex A-72 “ Parent Adjusted Percentage ” means the result of (a) 15% (which reflects the Basic Ratio Share Split) plus (b) the Parent Cash Percentage, as applicable, or minus (c) the Parent Deficit Percentage, as applicable; “ Parent Cash Percentage ” means the quotient, expressed as a percentage, obtained by dividing (a) the Parent Excess Cash Amount, if any, by (b) the Combined Company Valuation; “ Parent Deficit Percentage ” means the quotient, expressed as a percentage, obtained by dividing (a) the Parent Deficit Cash Amount, if any, by (b) the Combined Company Valuation; “ Parent Shareholder Percentage ” means the quotient, expressed as a percentage, obtained by dividing (a) the Outstanding Shares by (b) the Fully Diluted Shares. “ Parent Valuation ” means the product of (a) the closing price per share of the Parent Common Stock on the principal market or exchange on which the Parent Common Stock is traded on the trading date immediately preceding the Closing Date multiplied by (b) the Fully Diluted Parent Common Stock outstanding as of immediately prior to the Closing; 8. Amendment to Section 8.10.32 . Section 8.10.32 of the Agreement shall be amended in its entirety to read as follows: “8.10.32 “ Exchange Ratio ” means a number calculated by dividing (a) the Merger Shares by (b) the Outstanding Shares. The Exchange Ratio represents the number of Merger Shares to be issued in exchange for each Share. For illustration purposes only, an example of the calculation of the Exchange Ratio is set forth on Exhibit C attached hereto. The example set forth on Exhibit C is provided solely for illustrative purposes and does not represent the actual number of Merger Shares to be issued, which will be determined in accordance with the terms of the Agreement.” 9. Amendment to Exhibit C . Exhibit C of the Agreement shall be deleted in its entirety and replaced with Exhibit A attached hereto. 10. Effectiveness; No Other Modifications . This Amendment shall be effective as of the day and year first written above. Except as amended hereby, and as so amended,