Company: NCEL
Filing Date: 2025-10-24
Form Type: POS AM
Source: 0001213900-25-102149
Chunk: 50

Company: NewcelX Ltd.
Filing Date: 2025-10-24
Form: POS AM
Chunk 50
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 agent, VStock Transfer LLC, and us. The warrants were initially being
represented only by one or more global warrants deposited with the warrant agent, as custodian on behalf of The Depository Trust Company
(“DTC”), and registered in the name of Cede & Co., a nominee of DTC, or as otherwise directed by DTC.

Nonresident or Foreign Owners

Swiss law and NLS’s
articles of association do not impose any specific limitations on owners of our shares who do not reside in Switzerland to hold or vote
their shares in NLS.

Exchange Controls

Other than sanctions against
specific countries, individuals, and organizations, there are currently no governmental laws, decrees, regulations or other legislation
in Switzerland that restrict the export or import of capital, including, but not limited to, Swiss foreign exchange controls on the payment
of dividends, interest or liquidation proceeds, if any, to non-resident holders of our shares.

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Duration and Liquidation

Under Swiss law, unless the
duration of a company is limited by its articles of association, a company may be dissolved at any time by way of liquidation, or, in
the case of a merger with the Swiss Merger Act (Fusionsgesetz), based on a resolution of a shareholders’ meeting, which must be
passed by a majority as provided by Swiss law or the relevant company’s articles of association, as the case may be. The articles
of association do not limit the duration of NLS and provide that the majority required for the shareholders’ meeting to resolve
on the liquidation of NLS is a Supermajority Vote.

Dissolution and liquidation
by court order is also possible if, among other things, (i) the company becomes bankrupt or (ii) shareholders holding at least
10% of the company’s share capital so request for important reasons. Under Swiss law, any surplus arising out of a liquidation (after
settlement of all the claims of the company’s creditors) is distributed in proportion to the paid-up par value of shares held. This
surplus is subject to Swiss federal withholding tax, except if paid out of reserves from qualifying capital contributions (Reserven aus
Kapitaleinlagen).

A dissolution and winding up of a Swiss company requires a Supermajority Vote. The articles of association may increase the voting thresholds required for such a resolution (but only by way of a resolution with the majority stipulated by law