Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 233

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 233
---
 by
the Holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and expenses
of which shall be paid by the Company.

1.3. “Board of Directors”
means the board of directors of the Company.

<div align='center'>1</div>

1.4. “Business Day”
means a Calendar Day other than a Saturday, Sunday or any other Calendar Day which is a federal legal holiday in the United States or
any Calendar Day on which the commercial banks in the City of New York are required by law or other governmental action to close, provided
that the commercial banks in the City of New York shall not be deemed to be required to be closed due to a “stay at home,”
“shelter in place,” “non-essential employee” or similar orders or restrictions or the closure of any physical
branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers)
of commercial banks in the City of New York generally are open for use by customers on such Calendar Day.

1.5. “Calendar Day”
means each and every day of the week (Sunday, Monday, Tuesday, Wednesday, Thursday, Friday and Saturday).

1.6. “Commission”
means the United States Securities and Exchange Commission.

1.7. “Common Shares”
means the Common Shares, par value $0.001 per share, and any other class of securities into which such securities may hereafter be reclassified
or changed.

1.8. “Common Shares Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at
any time Common Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at
any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Shares.

1.9. “Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

1.10. “Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company,
joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

1.11. “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated