Company: NCEL
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065783
Chunk: 544

Company: NewcelX Ltd.
Filing Date: 2025-07-18
Form: F-4/A
Chunk 544
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, against liabilities arising in connection with the performance of their duties in such capacity, and permit us to advance the expenses of defending any act, suit or proceeding to members of our NLS Board and executive officers. In addition, under general principles of Swiss employment law, an employer may be required to indemnify an employee against losses and expenses incurred by such employee in the proper execution of their duties under the employment agreement with the employer. Conflict of Interest, Management Transactions Swiss law provides that the members of the NLS Board and the executive management shall inform the NLS Board immediately and comprehensively of any conflicts of interest affecting them. The NLS Board shall take the measures required to safeguard the company’s interests. Our directors and executive officers are personally liable to us for a breach of these provisions. In addition, Swiss law contains provisions under which directors and all persons engaged in NLS’s management are liable to us, each shareholder and our creditors for damages caused by an intentional or negligent violation of their duties. Furthermore, Swiss law contains a provision under which payments made to any of the NLS’s shareholders or directors or any person associated with any such shareholder or director, other than payments made at arm’s length, must be repaid to NLS if such shareholder or director acted in bad faith. 309 Principles of the Compensation of the Board of Directors and the Executive Management Pursuant to Swiss law, our shareholders must annually approve the compensation of the NLS Board and the persons whom the NLS Board has, fully or partially, entrusted with the management of NLS. The NLS Board must issue, on an annual basis, a written compensation report that must be reviewed together with a report on our business by our auditor. The compensation report must disclose all compensation, loans and other forms of indebtedness granted by NLS, directly or indirectly, to current or former members of the NLS Board and executive management to the extent related to their former role within NLS or not on customary market terms. The disclosure concerning compensation, loans and other forms of indebtedness must include the aggregate amount for the NLS Board and the executive management as well as the particular amount for each member of NLS Board and executive management, specifying the name and function of each respective person. Certain forms of compensation are prohibited for members of our NLS Board and executive management, such as: •severance payments provided for either contractually or in the articles of association (compensation due until the termination of a contractual relationship does not qualify as severance payment); •advance compensation; •