Company: NCEL
Filing Date: 2025-06-23
Form Type: F-4/A
Source: 0001213900-25-056787
Chunk: 14

Company: NewcelX Ltd.
Filing Date: 2025-06-23
Form: F-4/A
Chunk 14
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 in connection with financial instruments issued or guaranteed by the Company, in particular convertible bonds; or i)to finance a transaction through an exchange of shares; or j)for the expansion of the shareholder base in certain investor markets or in connection with the admission of the shares to trading on foreign stock exchanges; or k)for the grant of equity awards to members of the Board of Directors, employees or advisors of the Company, which are subject to conditions or the expiry of time periods; or l)to allow the buyback of participation certificates and preferred shares against the issuance of new common shares to the participation certificate holders or preferred shareholders that return their participation certificates or preferred shares; or m)for other important reasons within the meaning of Art. 652b para. 2 of the Swiss Code of Obligations.” 5.Amendment of the Articles regarding Conditional Capital for Employee and Advisory Options Explanation:Due to the transactions contemplated by the Merger and the changes to the capital structure as contemplated by the agenda items Nos. 1 through4, the current conditional capital for grants of equity awards to employees and grants of options to employees requires amendment. Proposal:The Board of Directors proposes that the Company’s conditional capital for employee and advisory options shall be amended and that Article 3b para. 1 (Conditional Share Capital for Employee and Advisory Options) shall be amended as follows: “Art. 3b — Conditional Share Capital for Employee and Advisory Options The Company’s share capital will be increased by the issuance of a maximum of [•] fully paid in registered shares at a par value of CHF 0.03 each which amounts to a maximum increase of CHF [•], by exercising option rights granted to employees (including members of the management and the board of directors) and advisors of the Company and/or its subsidiaries. 6.Amendment of the Articles regarding Conditional Capital for Shareholders’ Options Explanation:Due to the transactions contemplated by the Merger and the changes to the capital structure as contemplated by the agenda items Nos. 1 through5, the current conditional capital for shareholders’ options requires amendment. In addition, it requires an update as to situations where options may be issued. The Board of Directors further believes that an increase of such capital to the maximum amount permitted by law (i.e. in the amount of one -halfof the new share capital to be calculated following the ordinary capital increase as per the proposals of the Board of Directors herein, less the amount of the conditional share capital for employee and advisory options in accordance with