Company: NCEL
Filing Date: 2025-10-24
Form Type: POS AM
Source: 0001213900-25-102149
Chunk: 54

Company: NewcelX Ltd.
Filing Date: 2025-10-24
Form: POS AM
Chunk 54
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onal and communal corporate
income taxes on any net taxable earnings accumulated for such period. Swiss resident corporate taxpayers as well as non-Swiss resident
corporate taxpayers holding the Common Shares in connection with the conduct of a trade or business through a permanent establishment
or fixed place of business situated, for tax purposes, in Switzerland may be eligible for participation relief (Beteiligungsabzug) in
respect of dividends and distributions based upon a capital reduction (Nennwertrückzahlungen) and reserves paid out of capital contributions
(Reserven aus Kapitaleinlagen) if the Common Shares held by them as part of a Swiss business have an aggregate market value of at least
CHF 1 million or represent at least 10% of the nominal share capital of the Company or give entitlement to at least 10% of the profits
and reserves of the Company, respectively.

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Recipients of dividends and
similar distributions on the Common Shares (including stock dividends and liquidation proceeds) who neither are residents of Switzerland
nor during the current taxation year have engaged in a trade or business in Switzerland and who are not subject to taxation in Switzerland
for any other reason are not subject to Swiss federal, cantonal or communal individual or corporate income taxes in respect of dividend
payments and similar distributions because of the mere holding of the Common Shares.

Wealth and Annual Capital Tax on Holding of Common Shares or Preferred Shares or Warrants

Swiss resident individuals
and non-Swiss resident individuals holding the Common Shares or Preferred Shares and/or Warrants in connection with the conduct of a trade
or business in Switzerland through a permanent establishment or fixed place of business situated, for tax purposes, in Switzerland, are
required to report their Common Shares as part of their wealth and will be subject to cantonal and communal wealth tax to the extent the
aggregate taxable net wealth is allocable to Switzerland.

Swiss resident corporate taxpayers
and non-Swiss resident corporate taxpayers holding the Common Shares and/or Warrants in connection with the conduct of a trade or business
in Switzerland through a permanent establishment or fixed place of business situated, for tax purposes, in Switzerland, will be subject
to cantonal and communal annual capital tax on the taxable capital to the extent the aggregate taxable capital is allocable to Switzerland.

Individuals and corporate
taxpayers not resident in Switzerland for tax purposes and not holding the Common Shares or Preferred Shares and/or Warrants in connection
with the conduct of a