Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 97

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 97
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.B If the answer to Question 9A was “NO,”
do you have a financial or investment adviser (a) that is acting in the capacity as a purchaser representative and (b) who has sufficient
knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks associated with investing
in the Company?

| ☐   | ☐  |
| Yes | No |

If you have a financial or investment adviser(s),
please identify each such person and indicate his or her business address and telephone number in the space below. (Each such person must
complete, and you must review and acknowledge, a separate Purchaser Representative Questionnaire which will be supplied at your request).

10. You have the right, will be afforded an opportunity,
and are encouraged to investigate the Company and review relevant factors and documents pertaining to the officers of the Company, and
the Company and its business and to ask questions of a qualified representative of the Company regarding this investment and the properties,
operations, and methods of doing business of the Company.

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Have you or has your purchaser representative,
if any, conducted any such investigation, sought such documents or asked questions of a qualified representative of the Company regarding
this investment and the properties, operations, and methods of doing business of the Company?

| ☐   | ☐  |
| Yes | No |

If so, briefly describe: ___________________________________________________________

If so, have you completed your investigation and/or
received satisfactory answers to your questions?

| ☐   | ☐  |
| Yes | No |

11. Do you understand the nature of an investment in the Company and
the risks associated with such an investment?

| ☐   | ☐  |
| Yes | No |

12. Do you understand that there is no guarantee
of any financial return on this investment and that you will be exposed to the risk of losing your entire investment?

| ☐   | ☐  |
| Yes | No |

13. Do you understand that this investment is not liquid?

| ☐   | ☐  |
| Yes | No |

14. Do you have adequate means of providing for
your current needs and personal contingencies in view of the fact that this is not a liquid investment?

| ☐   | ☐  |
| Yes | No |

15. Are you aware of the Company’s business
affairs and financial condition, and have you acquired all such information about the Company as you deem