Company: NCEL
Filing Date: 2025-10-24
Form Type: POS AM
Source: 0001213900-25-102149
Chunk: 56

Company: NewcelX Ltd.
Filing Date: 2025-10-24
Form: POS AM
Chunk 56
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 reserves and were held
for at least one year. The tax relief applies to the difference between the sale proceeds of Common Shares by the Company and the acquisition
costs of the participation (Gestehungskosten).

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Individuals and corporations
not resident in Switzerland for tax purposes and not holding the Common Shares or Preferred Shares 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 not subject to Swiss federal, cantonal and communal individual income or corporate income tax, as the case may be, on
capital gains realized on the sale of the Common Shares or Preferred Shares or Warrants.

Gift and Inheritance Tax

Transfers of Common Shares
or Preferred Shares or Warrants may be subject to cantonal and/or communal inheritance or gift taxes if the deceased or the donor or the
recipient were resident in a Canton levying such taxes.

Swiss Issuance Stamp Duty

NLS is subject to paying to
the Swiss Federal Tax Administration a 1% Swiss federal issuance stamp tax (Emissionsabgabe) on any increase of the nominal share capital
of NLS (including capital surplus) or any other equity contributions received by NLS (with or without issuance of shares). Certain costs
incurred in connection with the issuance of shares (if any) may be deductible. There are several exemptions from issuance stamp tax that
may apply under certain circumstances (e.g., certain intercompany reorganizations).

Swiss Securities Transfer Tax

The purchase or sale (or other
financial transfer) of the Common Shares or Preferred Shares, whether by Swiss residents or non-Swiss residents, may be subject to Swiss
securities transfer tax of up to 0.15%, calculated on the purchase price or the proceeds if the purchase or sale occurs through or with
a bank or other securities dealer in Switzerland or Liechtenstein as defined in the Swiss Federal Stamp Duty Act as an intermediary or
party to the transaction unless an exemption applies.

Automatic Exchange of Information in Tax Matters

On November 19, 2014,
Switzerland signed the multilateral competent authority agreement on the automatic exchange of financial account information, which is
intended to ensure the uniform implementation of automatic exchange of information (the “AEOI”).

The AEOI is being introduced
in Switzerland through bilateral agreements or multilateral agreements. Switzerland has concluded a multilateral agreement with the EU