Company: NCEL
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091697
Chunk: 38

Company: NewcelX Ltd.
Filing Date: 2025-09-25
Form: F-1
Chunk 38
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 as of December 31, 2024), which would have to be fully paid-in, by the exercise of option or conversion
rights that have been granted to employees, members of the board of directors or consultants of the Company or of one of our subsidiaries,
if any, or other persons providing services to the Company or a subsidiary, if any, through one or more equity incentive plans created
by the board of directors. If this conditional share capital is not sufficient for our future equity incentive plan, then we intend to
rely on the capital band, which we will have to dedicate for that purpose, or, alternatively, if such conditional or capital band is not
sufficient, then we intend to seek shareholder approval for the equity incentive plan(s) that we may seek to implement. The exercise of
the conversion or option rights and the waiver of these rights shall be in writing or electronically. The electronic exercise or waiver
does not require a qualified electronic signature.

Pre-emptive Rights

Pursuant to the CO, shareholders
have pre-emptive rights (Bezugsrechte) to subscribe for new issuances of shares. With respect to conditional capital in connection
with the issuance of conversion rights, convertible bonds or similar debt instruments, shareholders have advance subscription rights (Vorwegzeichnungsrechte)
for the subscription of conversion rights, convertible bonds or similar debt instruments.

A resolution passed at a general
meeting of shareholders by two-thirds of the votes represented and the absolute majority of the nominal value of the shares represented
may authorize our board of directors to withdraw or limit pre-emptive rights and/or advance subscription rights in certain circumstances.
If pre-emptive rights are granted, but not exercised, the board of directors may allocate the pre-emptive rights as it elects.

With respect to our capital
band, the board of directors is authorized by our articles of association to withdraw or to limit the pre-emptive rights of shareholders,
and to allocate them to third parties or to us, in the event that the newly issued shares are used for a purpose set forth in our articles
of association.

Uncertificated Securities

Our shares are uncertificated
securities (Wertrechte, within the meaning of the CO) and, if and when administered by a financial intermediary (Verwahrungsstelle,
within the meaning of the Federal Act on Intermediated Securities, or FISA), qualify as intermediated securities (Bucheffekten,
within the meaning