Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 47

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 47
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, or will have been,
fully paid or provided for by the Company and all laws imposing such taxes will be or will have been fully complied with by the Company
in all material respects.

(zz) . Neither
the Company nor any of its Subsidiaries nor any of its or their properties or assets has any immunity from the jurisdiction of any court
or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution or otherwise)
under the laws of Switzerland.

(aaa) .
Neither the Company nor any Subsidiary or any related entities (i) is required to register as a “broker” or “dealer”
in accordance with the provisions of the Exchange Act or (ii) directly or indirectly through one or more intermediaries, controls or is
a “person associated with a member” or “associated person of a member” (within the meaning set forth in the FINRA
Manual).

(bbb) . From the time of the initial filing of the Company’s first registration statement with the Commission through the date
hereof, the Company has been and is an “emerging growth company,” as defined in Section 2(a) of the Securities Act.

(ccc) .
The Company qualifies as a “foreign private issuer” within the meaning of Rule 405 under the Securities Act.

(ddd) . Under
current laws and regulations of Switzerland and any political subdivision thereof, all dividends and other distributions declared and
payable on the Securities may be paid by the Company to the holder thereof in United States dollars or Swiss franc that may be converted
into foreign currency and freely transferred out of Switzerland and all such payments made to holders thereof or therein who are non-residents
of Switzerland may be subject to income, withholding or other taxes under laws and regulations of Switzerland or any political subdivision
or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in Switzerland
or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization
in Switzerland or any political subdivision or taxing authority thereof or therein.

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(eee) . The choice of the laws of the State of New York as the governing law of this Agreement is a valid choice of law under the
laws of Switzerland and will be honored by courts in Switzerland. The Company has the power to submit, and pursuant to this Agreement,
has legally, validly, effectively and irrevocably submitted