Company: NCEL
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091697
Chunk: 83

Company: NewcelX Ltd.
Filing Date: 2025-09-25
Form: F-1
Chunk 83
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                | 249 |   |     |              | 112 |   |     |       | 1,244 |   |
| Amortized cost balance as of December 31, 2023 |     |                  |   156 |   |     |               |  9 |   |     |                |  42 |   |     |              |  21 |   |     |       |   228 |   |

Note 8: - Fair value measurement

The balances of cash and cash equivalents, accounts
receivables, restricted cash, short-term bank credit, trade payables, accounts payable, and interested-party loans in the financial statements
are equal to or approximately their fair value.

The tables below present the fair value measurement
hierarchy for the Company’s liabilities and others as of December 31, 2024 and December 31, 2023.

As of December 31, 2024:

|                                                                    |     | Fair value   
 hierarchy    
 Level 3      |       |
|                                                                    |     | USD          
 in thousands |       |
| Liabilities measured at fair value (Notes 9 and 15):               |     |              |       |
| Interest-bearing loans, including a convertible loan (see Note 15) |     |              | 6,573 |

<div align='center'>F-16</div>

As of December 31, 2023:

|                                                                 |     | Fair value   
 hierarchy    
 Level 3      |       |
|                                                                 |     | USD          
 in thousands |       |
| Liabilities measured at fair value (Notes 9 and 15):            |     |              |       |
| Interest-bearing loans including convertible loan (See Note 15) |     |              | 1,232 |

NOTE 9: - LIABILITIES AND LOANS FROM INTERESTED PARTIES AND OTHERS

| A. | Composition |

| December 31, 2024                                                                |     | Non-linked      
 USD in thousand |       |     | Index-linked |   |     | Total |       |
|:---------------------------------------------------------------------------------|:----|:----------------|------:|:----|:-------------|:--|:----|:------|------:|
| Short-term loan from banks                                                       |     |                 |   293 |     |              | - |     |       |   293 |
| Convertible loan from shareholders (Note 15)                                     |     |                 | 1,512