Company: NCEL
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091697
Chunk: 21

Company: NewcelX Ltd.
Filing Date: 2025-09-25
Form: F-1
Chunk 21
---
 Effective 
 Time shall be appointed as executive officers of NLS, and (iv) NLS shall have convened the shareholder meeting and shall have elected         
 members of the Board of Directors of Kadimastem as members of the NLS Board, effective as of the Effective Time; and                          |

| ● | Common Shares shall remain listed on the Nasdaq and shall not be subject to a delisting notice from Nasdaq.                                
 The notification form for the listing of Common Shares to be issued in connection with the Merger shall have been accepted and approved    
 (subject to official notice of issuance), and the Nasdaq listing application for initial listing of NLS following the Merger and of Common 
 Shares being issued pursuant to the Merger Agreement shall have been approved.                                                             |

The following mutual conditions of the parties unless waived:

| ● | the Merger Agreement and the Merger shall have been approved and adopted by the shareholders of NLS, Kadimastem 
 and Merger Sub;                                                                                                 |

| ● | receipt of requisite consents from governmental authorities to consummate the transactions contemplated                                   
 in the Merger Agreement, and receipt of specified requisite consents from other third parties to consummate the transactions contemplated 
 therein;                                                                                                                                  |

| ● | the absence of any law or order that would prohibit the consummation of the Merger or other transactions 
 contemplated by the Merger Agreement;                                                                    |

| ● | the effectiveness of the proxy statement, and, if applicable, the registration statement shall have been 
 declared effective by the SEC;                                                                           |

| ● | the Boards and the board of directors of each the Company and Kadimastem shall have received a fairness 
 opinion relating to the Merger in form reasonably satisfactory to such respective boards;               |

| ● | the parties shall have made all the Required Filings (as defined in the Merger Agreement); |

| ● | NLS shall have taken all necessary actions to effectuate a reverse stock split of Common Shares, in order                                  
 to satisfy the applicable Nasdaq initial listing requirements for the combined company following the Merger and Nasdaq shall have approved 
 such listing of Common Shares post such stock split;                                                                                       |

| ● | NLS shall have obtained the all the Israeli related exemptions and consents; |

| ● | except as agreed upon by the parties, all terms and conditions of the CVR Agreement shall remain in full 
 force and effect;                                                                                        |

| ● | applicable tax ruling shall have been approved by the Israeli Tax Authority; |

| ● |