Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 95

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 95
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accredited investor” (within the meaning of Rule 501 of
Regulation D). If the purchaser is more than one individual, each individual must initial an answer where the question indicates a “yes”
or “no” response and must answer any other question fully, indicating to which individual such answer applies. If the purchaser
is purchasing jointly with his or her spouse, one answer may be indicated for the couple as a whole:

8.1 Does your net worth* (or joint net worth with your spouse or spousal
equivalent) exceed $1,000,000?

| ☐   | ☐  |
| Yes | No |

8.2 Did you have an individual income** in excess
of $200,000 or joint income together with your spouse or spousal equivalent in excess of $300,000 in each of the two most recent years
and do you reasonably expect to reach the same income level in the current year?

| ☐   | ☐  |
| Yes | No |

8.3 Are you an executive officer of the Company?

| ☐   | ☐  |
| Yes | No |

* For purposes hereof, net worth shall be deemed
to include ALL of your assets, liquid or illiquid MINUS any liabilities.

** For purposes hereof, the term “income”
is not limited to “adjusted gross income” as that term is defined for federal income tax purposes, but rather includes certain
items of income which are deducted in computing “adjusted gross income”. For investors who are salaried employees, the gross
salary of such investor, minus any significant expenses personally incurred by such investor in connection with earning the salary, plus
any income from any other source including unearned income, is a fair measure of “income” for purposes hereof. For investors
who are self-employed, “income” is generally construed to mean total revenues received during the calendar year minus significant
expenses incurred in connection with earning such revenues.

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8.B Applicable to Corporations, Partnerships, Trusts, Limited Liability
Companies and other Entities ONLY:

The purchaser is an accredited investor because
the purchaser falls within at least one of the following categories (Check all appropriate lines):

| ☐ | (i) a bank as defined in Section 3(a)(2) of the Act or any savings and loan association or other institution as defined in Section 3(a)(5)(A) of the Act whether acting in