Company: NCEL
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091697
Chunk: 122

Company: NewcelX Ltd.
Filing Date: 2025-09-25
Form: F-1
Chunk 122
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Subject to Swiss law, our
articles of association provide for indemnification of the existing and former members of our board of directors, senior management, and
their heirs, executors and administrators, against liabilities arising in connection with the performance of their duties in such capacity,
and permit us to advance the expenses of defending any act, suit or proceeding to members of our board of directors and senior management.

In addition, under general
principles of Swiss employment law, an employer may be required to indemnify an employee against losses and expenses incurred by such
employee in the proper execution of his or her duties under the employment agreement with the Company.

We have entered into indemnification
agreements with each of the members of our board of directors and senior management in the form to be filed as an exhibit to this registration
statement upon the completion of this offering. We have also obtained directors’ and officers’ liability insurance to cover
certain actions undertaken by our board of directors and senior management.

Insofar as indemnification
for liabilities arising under the Securities Act of 1933, as amended, or the Securities Act, may be permitted to directors, officers and
controlling persons of the Company, the Company has been advised that, in the opinion of the Securities and Exchange Commission, such
indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.

Item 7. Recent Sales of Unregistered Securities

Set forth below are the sales
of all securities by the Company since September 2022, which were not registered under the Securities Act. The Company believes that each
of such issuances was exempt from registration under the Securities Act in reliance on Sections 3(a)(9) and 4(a)(2) of the Securities
Act and/or Regulation S under the Securities Act.

On September 28, 2023,
we entered into a short term loan agreement (the “Short Term Loan Agreement”), with Ronald Hafner, the Company’s Chairman
of the Board of Directors (the “Short Term Lender”), providing for an unsecured loan to the Company in the aggregate amount
of CHF 500,000 (the “Short Term Loan”). Pursuant to the Short Term Loan Agreement, the Short Term Loan bears interest at a
rate of 10% per annum and matures on November 30, 2023.

On November 15, 2023,
we entered into a series of short term loan agreements (the “Bridge Loan Ag