Company: NCEL
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065783
Chunk: 331

Company: NewcelX Ltd.
Filing Date: 2025-07-18
Form: F-4/A
Chunk 331
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 herein. In the event the required vote by NLS shareholders is not obtained at the a meeting of NLS shareholders, NLS shall continue to call and hold special meetings of its shareholders at least once every 45 days thereafter, beginning with the quarter ending December31, 2024, to seek the required NLS shareholder vote until such vote is obtained. In connection with the Closing, NLS’s officers (other than Mr.Konofal who shall remain in a part -timeposition with NLS) and members of the NLS Board as of the Effective Time will resign and it is anticipated that Kadimastem’s executive officers and members of the Kadimastem Board as of the Effective Time will become NLS’s executive officers and members of the NLS Board, provided, however, that Mr.Alexander Zwyer shall not resign as a member of the NLS Board at the Effective Time and shall remain as a member of the NLS Board and, from the date of the Closing, until the date that is one year after the date of the Closing, the combined company shall not take any action to remove, or recommend the removal of Mr.Zwyer from the combined company’s board of directors without cause, 149 and shall nominate for election and continue to recommend to its shareholders that Mr.Zwyer be elected to serve as a director of the combined company. As a condition to his continued service and re -appointment, Mr.Zwyer shall tender an irrevocable resignation letter effective upon the lapse of one year from the date of the Closing, subject to acceptance of his resignation by the NLS Board. Subject to the preceding paragraph, it is expected that NLS’s officers (other than Mr. Konofal who shall remain in a part -timeposition with NLS) and members of the NLS Board will resign as of the Effective Time, and it is anticipated that Kadimastem’s executive officers and members of its board of directors as of the Effective Time will become NLS’s executive officers and members of the NLS Board. For more information regarding the directors and executive officers of NLS following the Merger, please see the section entitled “ Directors And Executive Officers Of NLS Following The Merger” in this proxy statement/prospectus. Pursuant to the Merger Agreement, no later than 90 days after the Closing, NLS shall make all necessary preparations for the sale of the Legacy Assets and appoint a Board sub -committee, or the Legacy Sub -Committee,