Company: NCEL
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026428
Chunk: 398

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: F-4/A
Chunk 398
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 and the executive management shall inform the Board immediately and comprehensively of any conflicts of interest affecting them. The 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. 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 Board and the persons whom the Board has, fully or partially, entrusted with the management of NLS. The 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 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 Board and the executive management as well as the particular amount for each member of Board and executive management, specifying the name and function of each respective person. Certain forms of compensation are prohibited for members of our 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); 234 •advance compensation; •compensation paid on conditions other than the customary market conditions connected with a previous activity as a corporate body of NLS; •compensation related to a ban on competition that exceeds the average remuneration for the last three financial years, or compensation related to a ban on competition that is not justified on business grounds; •joining bonuses that do not compensate for a verifiable financial disadvantage; •incentive fees for the acquisition or transfer of companies or parts thereof by NLS or by companies being, directly or indirectly, controlled by us; •loans, other forms of indebtedness, pension benefits not