Company: NCEL
Filing Date: 2025-10-24
Form Type: POS AM
Source: 0001213900-25-102149
Chunk: 48

Company: NewcelX Ltd.
Filing Date: 2025-10-24
Form: POS AM
Chunk 48
---
 of indebtedness, pension benefits                                                                              
 not based on occupational pension schemes and performance-based compensation not provided for in the articles of association; and |

| ● | equity securities and conversion and option rights      
 awards not provided for in the articles of association. |

Compensation to members of
the board of directors and executive management for activities in entities that are, directly or indirectly, controlled by the Company
is prohibited if the compensation (i) would have been prohibited if it was paid directly by the Company, (ii) is not provided for in the
articles of association or (iii) has not been approved by the general meeting of shareholders.

The general meeting of shareholders
votes on the compensation received directly or indirectly by the board of directors, the executive management and the advisory board (Beirat).
The general meeting of shareholders must vote annually on the compensation of its board of directors, executive management and the advisory
board, and accordingly, at such a meeting, the vote of the general meeting of shareholders shall have a binding effect.

In the event that the general
meeting of shareholders votes prospectively on the compensation of the executive management, the articles of association may provide for
an additional amount for the compensation of the members of the executive management appointed after the vote.

The additional amount may
only be used if the total amount of the compensation of the executive management decided by the general meeting of shareholders is not
sufficient for the compensation of the new members until the next vote of the general meeting of the shareholders.

The general meeting of shareholders
shall not vote on the additional amount of compensation.

Borrowing Powers

Neither Swiss law nor our
articles of association restrict in any way our power to borrow and raise funds. The decision to borrow funds is made by or under the
direction of our board of directors, and no approval by the shareholders is required in relation to any such borrowing.

<div align='center'>27</div>

Repurchases of Shares and Purchases of Own Shares and Other Limitations on the Rights to Own Securities

The CO limits our right to
purchase and hold our own shares. We and our subsidiaries may purchase shares only if and to the extent that (i) freely disposable equity
capital is available in the required amount; and (ii) the combined nominal value of all such shares does not exceed 10% of the share capital.
Pursuant to Swiss law, where shares are acquired in connection with a transfer restriction set out in the articles of association, the
foregoing upper limit is 20%.