Company: NCEL
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065783
Chunk: 834

Company: NewcelX Ltd.
Filing Date: 2025-07-18
Form: F-4/A
Chunk 834
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 for standard confidentiality provisions, reimbursement for certain expenses, as well as indemnity, exemption, and insurance provisions. On October 22, 2024, Mr. Ronen Twito was appointed CEO of the Company concurrently with his role as Executive Chairman of the Board of Directors, which was subsequently approved on January 30, 2025 by the Company’s shareholders meeting. In addition, the shareholders meeting approved Mr. Ronen Twito’s revised compensation terms as Executive Chairman and CEO, effective upon closing of the Merger. In addition, the grant of 157,995 RSUs of the Company was approved with a vesting period of 24 months commencing on the date of approval by the Board of Directors.

Annex G-43 KADIMASTEM LTD.
NOTES TO FINANCIAL STATEMENTS Note 22: — BALANCES AND TRANSACTIONS WITH interested AND RELATED PARTIES (cont.) B.The revised terms of the agreement are: Annual salary of USD $370,188 (including social benefits) which will increase to USD $413,743 upon the combined company completing an equity raise greater than USD $10 million accumulated following the Merger (a “Trigger Financing”) and a bonus, subject to the discretion of the Board. The employment agreement also provides that either party may terminate the employment agreement with nine months’ prior notice, a 3-month adaptation period, and the requirement that Mr. Twito will be subject to a 12-month non-competition and non-solicitation clauses. The employment agreement also provides for standard confidentiality provisions, reimbursement for certain expenses as well as [standard] indemnity, exemption, and insurance provisions. 9.Employment agreement with the former CEO of the Company On February 1, 2021, Mr. Assaf Shiloni (hereinafter, “Mr. Shiloni”) began serving as CEO of the Company. Mr. Shiloni concluded his role on October 25, 2024. Below are the main terms of such employment: A.Annual salary of USD $231,891 (including social benefits) and a bonus of up to 6 months` salary, subject to the discretion of the Board. The employment agreement also provided that either party could terminate the employment agreement with six months’ prior notice, and that Mr. Shiloni would be subject to a 12-month non-competition and non-solicitation clauses. The employment agreement also provided for standard confidentiality provisions, reimbursement for certain expenses including leasing a car, as well