Company: NCEL
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091697
Chunk: 116

Company: NewcelX Ltd.
Filing Date: 2025-09-25
Form: F-1
Chunk 116
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 |     |                | 0.56 |     |           | 222,811 | -*   |     |                | 1.08 |
| Share options exercisable at the end of the year              |     |           |  351,987 |    |     |                | 0.80 |     |           | 218,644 | -*   |     |                | 1.09 |

| * | Adjusted retrospectively due to the reverse share split. See Note 18K. |

The weighted average remaining contractual
life of the share options as of December 31, 2024, was 2.36 years and as of December 31, 2023 was 4 years. The share options’ exercise
price range as of December 31, 2024 was USD $0.08-4.11 and as of December 31, 2023 was USD $0.64-4.14.

<div align='center'>F-37</div>

NOTE 20: - ADDITIONAL DETAILS OF PROFIT OR LOSS ITEMS AND OTHER COMPREHENSIVE INCOME ITEMS

| A. | Research and development expenses |

|                                        |     | Year ended on December 31, | 2024 |   |     |     |  2023 |   |     |     |   2022 |   |
|:---------------------------------------|:----|:---------------------------|-----:|:--|:----|:----|------:|:--|:----|:----|-------:|:--|
|                                        |     | USD in thousands           |      |   |     |     |       |   |     |     |        |   |
| Wages, salaries and related expenses   |     |                            |  905 |   |     |     | 1,250 |   |     |     |  2,513 |   |
| Share-based payments                   |     |                            |   19 |   |     |     |     - |   |     |     |     (3 | ) |
| Materials                              |     |                            |   68 |   |     |     |    75 |   |     |     |    766 |   |
| Office leasing and maintenance         |     |                            |   44 |   |     |     |    72 |   |     |     |    240 |   |
| Consultants and subcontractors         |