Company: NCEL
Filing Date: 2025-06-23
Form Type: F-4/A
Source: 0001213900-25-056787
Chunk: 653

Company: NewcelX Ltd.
Filing Date: 2025-06-23
Form: F-4/A
Chunk 653
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 Section 6.2.7 of the Agreement shall be amended in its entirety to read as follows: “At the Effective Time, Parent shall have at least USD $600,000 in gross funds (including cash in any of its bank accounts).” 6. Amendment to Section 6.2.8 . Section 6.2.8 of the Agreement shall be amended in its entirety to read as follows: “6.2.8 The (i) directors of Parent immediately prior to the Effective Time shall have resigned from their positions (other than Alex Zwyer), (ii) officers of Parent immediately prior to the Effective Time shall have resigned from their positions (other than Eric Konofal, who shall remain in a part-time position with Parent), (iii) officers of the Company immediately prior to the Effective Time shall have been appointed as officers of the Parent as of the Effective Time, and (iv) Parent shall have convened the Parent Shareholder Meeting and shall have elected the Company Board members as members of the board of directors of Parent, effective as of the Effective Time” 7. Amendment to Section 8.10 . Section 8.10 of Agreement shall be amended to include the following definitions in alphabetical order: “ Basic Ratio Share Split ” means the initial target post-Closing fully diluted Parent share split of 85% for shareholders of the Company and 15% for shareholders of Parent, subject to the adjustments as set forth herein. “ Company Adjusted Percentage ” means the result, expressed as a percentage, of (a) 100% minus (b) the Parent Adjusted Percentage; “ Combined Company Valuation ” means the quotient obtained by dividing (a) the Parent Valuation by (b) 0.15, which such valuation reflects the Basic Ratio Share Split; “ Fully Diluted Parent Common Stock ” means, as of any specified date, the total number of shares of Parent Common Stock outstanding, assuming (a) the conversion, exercise, or exchange of all outstanding options, warrants, convertible securities, or other rights to acquire shares of Parent Common Stock (whether vested or unvested, and including securities issuable under any equity incentive plans); and (b) the satisfaction of all conditions to such conversion, exercise, or exchange as of that date, but excluding any shares issuable solely as a result of future grants, awards, or other issuances after such date; “ Fully Diluted Shares ” means, as of any specified date, the total number of Shares outstanding, assuming (