Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 536

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 536
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 NLS Board may assign the preparation and the implementation of its resolutions or the supervision of business transactions with regard to the non -transferableand inalienable duties to committees or individual members. In the event that the NLS Board assigns duties in accordance with our articles of association and Swiss law, the NLS Board shall design and implement reporting policies describing how such an assignment would be carried out by a committee or individual member. Based on article 18 of our articles of association, our NLS Board may completely or partially delegate the power to manage the Company to one or more of its members (managing directors) or to third persons (managers). Duties A director of a Swiss company has a fiduciary duty to the company only. This duty has two components: the duty of care and the duty of loyalty. The duty of care requires that a director act in good faith, with the care that an ordinarily prudent director would exercise under similar circumstances. Under this duty, a director must inform himself of, and disclose, all material information reasonably available regarding a significant transaction. The duty of loyalty requires that a director act in a manner he reasonably believes to be in the best interest of the company. He must not use his corporate position for personal gain or advantage. This duty prohibits in principle self -dealingby a director and mandates that the best interest of the company take precedence over any interest possessed by a director or officer. Directors also have an obligation to treat shareholders equally proportionate to their share ownership. Under Swiss law, directors and executive management are personally liable to the company, to each shareholder and, in some circumstances, to the company’s creditors for damages caused by intentional or negligent violation of their duties. The burden of proof for a violation of these duties is with the company or with the shareholder bringing a suit against the director. Indemnification of Directors and Executive Management According to Swiss Law and our articles of association, the shareholders’ meeting has the authority to grant discharge to the members of the NLS Board from liability. The effect of the resolution of release (discharge) by the shareholders’ meeting is effective only for disclosed facts and only against the company and those shareholders who approved the resolution or who have since acquired their shares in full knowledge of the resolution. The right of action of other shareholders lapses twelve months after the resolution of release. Under Swiss law, an indemnification of a member of the NLS Board or the executive management in relation to potential personal liability is not effective to the extent the member of the NLS