Company: NCEL
Filing Date: 2025-03-03
Form Type: F-4/A
Source: 0001213900-25-018981
Chunk: 794

Company: NewcelX Ltd.
Filing Date: 2025-03-03
Form: F-4/A
Chunk 794
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, 2024. On March 18, 2024, the Company entered into an addendum to the Short Term Loan Agreement with the Short Term Lender, or the Short Term Loan Addendum, and a series of addendums to the Short Term Loan Agreements with the Short Term Lenders, or the Short Term Loan Addendums each providing for an extension of the maturity date under the Loan Agreements to December 31, 2024.

Note 6

Other Accrued Liabilities:

Other accrued liabilities consisted of the following as of December 31, 2023 and 2022:

|                                    |     | December 31, |      2023 |     |   |    2022 |
|:-----------------------------------|:----|:-------------|----------:|:----|:--|--------:|
| Professional consultants’ expenses |     | $            |   332,690 |     | $ | 285,398 |
| Vendor liabilities                 |     |              |   112,635 |     |   |  13,000 |
| Related party expenses             |     |              |         — |     |   |   4,107 |
| Interest short term loan           |     |              |    25,605 |     |   |       — |
| Accrued board fees                 |     |              |   184,672 |     |   | 149,496 |
| Accrued bonus                      |     |              |   960,025 |     |   | 510,678 |
| Other accrued expenses             |     |              |    36,643 |     |   |  23,758 |
| Total other accrued liabilities    |     | $            | 1,652,270 |     | $ | 986,437 |

Note 7 Note Payable In January 2022, the Company entered into a note payable of $ 704,160for payment of its directors’ and officers’ insurance policy. The note payable had a term of 10 monthsand has a 3.90% stated interest rate. As of December 31, 2022, the note payable was paid in full. Note 8 Short-term Convertible Notes On August 19, 2022, the Company entered into a short -termnote agreement providing for unsecured loans in the aggregate amount of $ 1,530,000to the Company from certain individual lenders. Ronald Hafner,