Company: NCEL
Filing Date: 2025-10-24
Form Type: POS AM
Source: 0001213900-25-102149
Chunk: 46

Company: NewcelX Ltd.
Filing Date: 2025-10-24
Form: POS AM
Chunk 46
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 dismissal of persons entrusted 
 with managing and representing the Company;        |

| ● | overall supervision of the persons entrusted                                                                                          
 with managing the Company, in particular with regard to compliance with the law, articles of association, operational regulations and 
 directives;                                                                                                                           |

| ● | compilation and issuance of an annual report,                              
 preparation for the general meeting and implementation of its resolutions; |

| ● | notification to the court in the event that the 
 Company is over-indebted; and                   |

| ● | preparing the remuneration report. |

According to Article 17 of
our articles of association, the board of directors may assign the preparation and the implementation of its resolutions or the supervision
of business transactions with regard to the non-transferable and inalienable duties to committees or individual members. In the event
that our board of directors assigns duties in accordance with our articles of association and Swiss law, the board of directors shall
design and implement reporting policies describing how such an assignment would be carried out by a committee or individual member.

Based on Article 18 of our
articles of association, our board of directors may completely or partially delegate the power to manage the Company to one or more of
its members (managing directors) or to third persons (managers).

Indemnification of Executive Management and Directors

According to Swiss Law and
our articles of association, the general meeting of shareholders has the authority to grant discharge to the members of the board of directors
from liability. The effect of the resolution of release (discharge) by the general meeting of shareholders is effective only for disclosed
facts and only as against the Company and those shareholders who approved the resolution or who have since acquired their shares in full
knowledge of the resolution. The right of action of other shareholders lapses twelve months after the resolution of release.

In addition, under general
principles of Swiss employment law, an employer may be required to indemnify an employee against losses and expenses incurred by such
employee in the proper execution of their duties under the employment agreement with the employer.

Conflict of Interest, Management Transactions

The CO provides that the members
of the board of directors and the executive management shall inform the board of directors immediately and comprehensively of any conflicts
of interest affecting them. The board of directors 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