Company: NCEL
Filing Date: 2025-02-10
Form Type: F-3
Source: 0001213900-25-011823
Chunk: 129

Company: NewcelX Ltd.
Filing Date: 2025-02-10
Form: F-3
Chunk 129
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icated upon the federal and state securities laws of the United States. Original
actions against persons in Switzerland based solely upon the U.S. federal or state securities laws are governed, among other things, by
the principles set forth in the Swiss Federal Act on International Private Law. This statute provides that the application of provisions
of non-Swiss law by the courts in Switzerland shall be precluded if the result was incompatible with Swiss public policy. Also, mandatory
provisions of Swiss law may be applicable regardless of any other law that would otherwise apply.

Switzerland and the United
States do not have a treaty providing for reciprocal recognition and enforcement of judgments in civil and commercial matters. The recognition
and enforcement of a judgment of the courts of the United States in Switzerland is governed by the principles set forth in the Swiss Federal
Act on Private International Law. This statute provides in principle that a judgment rendered by a non-Swiss court may be enforced in
Switzerland only if:

| ● | the non-Swiss court had jurisdiction pursuant to the Swiss Federal Act on Private International Law; |

| ● | the judgment of such non-Swiss court has become final or non-appealable by ordinary appeal; |

| ● | the judgment does not contravene Swiss public policy; |

| ● | the court procedures and the service of documents leading to the judgment were in accordance with the due process of law; and |

| ● | no proceeding involving the same position and the same subject matter was first brought in Switzerland, or adjudicated in Switzerland, or was earlier adjudicated in a third state and this decision is recognizable in Switzerland. |

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PART II

INFORMATION NOT REQUIRED IN PROSPECTUS</div>

Item 8. Indemnification of Directors, Officers and Employees

Under Swiss law, a corporation
may indemnify its directors or officers against losses and expenses (except for such losses and expenses arising from willful misconduct
or negligence, although legal scholars advocate that at least gross negligence be required; however, some scholars also advocate that
with any breach of duty, indemnification by the Company is not permissible), including attorney’s fees, judgments, fines and settlement
amounts actually and reasonably incurred in a civil or criminal action, suit or proceeding by reason of having been the representative
of, or serving at the request of, the corporation.

Subject to Swiss law, our
articles of association provide for indemnification of the existing and former members of our board of directors,