Company: NCEL
Filing Date: 2025-10-24
Form Type: POS AM
Source: 0001213900-25-102149
Chunk: 15

Company: NewcelX Ltd.
Filing Date: 2025-10-24
Form: POS AM
Chunk 15
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payment, accounts receivable or accounts payable, except, in each case, to the extent required to conform with U.S. generally accepted
accounting principles.

Pursuant to the Merger Agreement,
NLS and its representatives are prohibited to authorize or permit any officers, directors, investment bankers, attorneys, accountants
and other advisors, agents and representatives to, directly or indirectly through another person, (i) initiate, seek, solicit or knowingly
encourage, or knowingly induce or take any other action which would reasonably be expected to lead to the making, submission or announcement
of any Parent Acquisition Proposal (as defined in the Merger Agreement), (ii) engage in negotiations or discussions with, or provide any
non-public information or non-public data to, any person relating to any Parent Acquisition Proposal or grant any waiver or release under
any standstill or other agreement (except that if the Board of Directors of NLS (the “NLS Board”) determines in good faith
that the failure to grant any waiver or release would be inconsistent with the NLS directors’ fiduciary duties under applicable
law, NLS may waive any such standstill provision in order to permit a third party to make a Parent Acquisition Proposal), (iii) enter
into any agreement, including any letter agreement, memorandum of understanding, agreement in principle merger agreement, or similar agreement
relating to any Parent Acquisition Proposal, or (iv) otherwise resolve to do any of the foregoing.

Pursuant to the terms of the
Merger Agreement, NLS was required, as of the date of the Merger Agreement, to immediately cease any existing discussions, negotiations
and communications with any person relating to any acquisition proposal or acquisition inquiry and not provide and terminate any existing
access of any third party to any data room (virtual or actual) containing any of NLS’s confidential information.

If NLS or any of its representatives,
receives an acquisition proposal or acquisition inquiry prior to the closing of the Merger, then such party will (within one business
day of such part becoming aware of such Parent Acquisition Proposal) advise Kadimastem orally and in writing of such Parent Acquisition
Proposal (including the identity of the person making such acquisition proposal or acquisition inquiry, and the material terms of the
Parent Acquisition Proposal).

Except as permitted by the
terms of the Merger Agreement, NLS shall not (i) withdraw, qualify or modify, or publicly propose to withdraw, qualify or modify, the
recommendation by the NLS