Company: NCEL
Filing Date: 2025-10-24
Form Type: POS AM
Source: 0001213900-25-102149
Chunk: 20

Company: NewcelX Ltd.
Filing Date: 2025-10-24
Form: POS AM
Chunk 20
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 on or prior to the Closing, and NLS shall take all necessary actions, and not fail to take any action, to prevent the cancellation of the D&O Run Off Policy during its term. The Merger Agreement requires the parties to consummate the Merger after all of the conditions to the transactions contemplated therein are satisfied or waived. Unless waived by Kadimastem, the obligations of Kadimastem and Merger Sub to consummate the Merger are subject to the satisfaction of the following additional conditions, in addition to customary certificates and other closing deliverables:

| ● | the                                                                                      
 representations and warranties of NLS and Merger Sub shall be true and correct as of the 
 Closing (subject to Material Adverse Effect);                                            |

| ● | NLS                                                                                        
 and Merger Sub shall have performed in all material respects their respective obligations  
 and complied in all material respects with their respective covenants and agreements under 
 the Merger Agreement required to be performed or complied with on or prior to the date of  
 the Closing;                                                                               |

| ● | the                                                                                          
 absence of any Material Adverse Effect with respect to NLS, taken as a whole, since the date 
 of the Merger Agreement which is continuing and uncured;                                     |

| ● | NLS                                                                                      
 shall have paid off, redeemed or satisfied all of its Vendor Indebtedness (as defined in 
 the Merger Agreement);                                                                   |

| ● | NLS shall have terminated the employment and engagement of all of its employees and consultants and paid                                    
 or otherwise satisfied all back pay, severance or termination pay, vacation pay and all other liabilities in respect of all such employment 
 and engagement;                                                                                                                             |

| ● | Nasdaq shall have rescinded its notice to NLS as to NLS’s failure to satisfy Nasdaq criteria for 
 listing and trade thereon;                                                                       |

| ● | NLS shall have at least $600,000 in gross funds (including cash in any of its bank accounts); |

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| ● | The (i) directors of NLS immediately prior to the Effective Time shall have resigned from their positions                                     
 (other than Mr. Zwyer), (ii) officers of NLS immediately prior to the Effective Time shall have resigned from their positions (other than     
 Mr. Konofal who shall remain in a part-time position with NLS), (iii) the executive officers of Kadimastem immediately prior to the Effective 
 Time shall be appointed as executive