Company: NCEL
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091697
Chunk: 91

Company: NewcelX Ltd.
Filing Date: 2025-09-25
Form: F-1
Chunk 91
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 a defined benefit |     |                                    |        (19 | ) |     |     | (25     | ) |     |     |        (1 | ) |     |     |        (26 | ) |     |     |       16 |   |     |                                           |           5 |     |     |           (15 | ) |     |     |           (10 | ) |     |     |            34 |     |     |            (5 | ) |

| B) | The main assumptions in respect of a defined benefit plan |

|                               |     | 2024 |     |     | 2023 |     |
|                               |     |    % |     |     |    % |     |
| Discount rate(A)              |     |      | 3.0 |     |      | 3.0 |
| Expected salary increase rate |     |      | 2.0 |     |      | 2.0 |

| (A) | The discount rate is based on high quality index-linked corporate bonds. |

<div align='center'>F-24</div>

Below are the reasonably possible changes as of
the end of the reporting period, for each actuarial assumption, assuming that the other actuarial assumptions are constant:

| As of December 31, 2024:                                                               |     | The change        
 in the defined    
 benefit liability 
 USD in            
 thousands         |     |   |
|:---------------------------------------------------------------------------------------|:----|:------------------|----:|:--|
| Sensitivity test to a change in the rate of the expected salary increase               |     |                   |     |   |
| The change as a result of:                                                             |     |                   |     |   |
| Salary increase of 1%                                                                  |     |                   |  15 |   |
| Salary decrease of 1%                                                                  |     |                   | (13 | ) |
| Sensitivity test to a change in the discount rate of the plan’s assets and liabilities |     |                   |     |   |
| The change as a result of:                                                             |     |                   |     |   |
| Increase of 1% in discount rate                                                        |     |                   | (13 | ) |
| Decrease of 1% in discount rate                                                        |     |                   |  15 |   |

NOTE 15: - CONVERTIBLE LOAN AND CONVERSION COMPONENT OF CONVERTIBLE LOAN AND WARRANTS

| A. | On October