Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 169

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 169
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 to prevent its competitors from benefiting from the expertise of some of its former employees. In addition, employees may be entitled to seek compensation for their inventions irrespective of their agreements with us. NLS generally enters into non -competitionagreements with its employees and certain key consultants. These agreements prohibit its employees and certain key consultants, if they cease working for us, from competing directly with it or working for its competitors or clients for a limited period of time. NLS may be unable to enforce these agreements under the laws of the jurisdictions in which its employees work and it may be difficult for it to restrict its competitors from benefitting from the expertise its former employees or consultants developed while working for us. Under Swiss law, a non -competeagreement could be invalidated if, for example, the geographic scope of the non -competeagreement is too broad, or, alternatively, such an agreement could be deemed by a Swiss court to be an occupation ban. Such actions would make enforcing its non -competitionagreements more challenging and could make it easier for its competitors to employee its previous employees. In addition, under Swiss law, if NLS wishes to obtain ownership over inventions developed by its employees, which inventions were developed while performing their employment activities, but outside the performance of their contractual duties, NLS is required to compensate the employee for the rights to their respective inventions. There can be no guarantee that NLS will be able to obtain any such inventions and the failure to obtain such ownership rights over employee inventions could have a material adverse effect on its operations and ability to effectively compete. Risks Related to its Business Operations NLS manages its business through a small number of key employees and consultants. As of July9, 2025, NLS’s key employees and consultants include its Chief Executive Officer, Mr. Alexander Zwyer, its Chief Financial Officer, Nicole Fernandez -McGovern, and its Chief Scientific Officer, Eric Konofal. Its future growth 49 and success depend on its ability to recruit, retain, manage and motivate its employees and key consultants. The loss of the services of its Chief Executive Officer or any of its senior management or the inability to hire or retain experienced management personnel could adversely affect its ability to execute its business plan and harm its operating results. In addition, laws and regulations on executive compensation, including legislation in its home country, Switzerland, may restrict its ability to attract, motivate and retain the required level of qualified personnel. In Switzerland, legislation affecting public companies has been passed that, among other things, (i)