Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 848

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 848
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 |     |         9 |     |       176 |     |        11 |     |       219 |
| Share-based payment  |     |                            1 |     |       166 |     |         1 |     |        55 |     |         1 |     |       202 |
|                      |     |                              |     |       491 |     |           |     |       231 |     |           |     |       421 |

____________ *Of this amount, benefits in respect of directors amount to approx. USD $48 thousand. 3.The Company’s Chief Scientist, who is also an interested party, provides services to the Company for no consideration (see section b above). 4.Regarding the issuance of shares and options to related parties and interested parties, see Notes 18 and 19. 5.Regarding loans from interested parties, see Note 9. 6.Regarding the loan that includes a share conversion component and an options component, see Note 15. 7.On December 12, 2022, Prof. Revel and Mr. Ruggieri informed the Company that their voting agreement was void. In accordance with discussions held at the Board of Directors meeting on March 27, 2023, the Company does not consider Prof. Revel as its controlling shareholder as of this date, and accordingly, from that date on, the Company does not have a controlling shareholder. 8.Agreement with Ronen Twito Executive Chairman and CEO. On March 21, 2024, the general meeting of the Company’s shareholders approved a revised service agreement with Mr. Twito, effective from February 4, 2024, under which, in addition to his services as Executive Chairman of the board, Mr. Twito will serve as President of the Company. The terms of employment are as follows: A.Scope of employment — 70% .If the Company’s shares are listed for trading in the US and/or the Company merges with a Nasdaq listed Company, the scope of employment will automatically increase to 100% and the compensation will be revised accordingly. Annual salary of NIS 600,000, (USD $165,600) which will increase to NIS 857,400 (USD $236,640) in the event that the Company`s shares are listed for trading in the United States, as described above, and an annual bonus of up to an amount equal to six months` salary, subject to the discretion of the Board