Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 7

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 7
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 time) on any Trading Day, no later than
9:01 a.m. (New York City time) on the date hereof.

“”
means the Securities Purchase Agreement dated October 9, 2024, between the Company the purchasers thereto pursuant to which the Company
sold $3,200,000 of common shares and warrants.

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

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“”
means, absent a written waiver by the Purchasers, the issuance of (a) Common Shares and options to officers, directors, or employees of
the Company after the Initial Closing Date up to the amounts and on the terms set forth on pursuant to a Share
Option Plan, (b) securities exercisable or exchangeable for or convertible into Common Shares issued and outstanding on the date of this
Agreement, provided that such securities and any term thereof have not been amended (other than in connection with share splits or combinations)
since the date of this Agreement to increase the number of such securities or to decrease the issue price, exercise price, exchange price
or conversion price of such securities or to extend the term of such securities and of which the principal terms thereof are set forth
on under the heading “”, (c) securities issued pursuant to acquisitions or strategic
transactions and the payment of contractor invoices in the ordinary course of business approved by a majority of the disinterested directors
of the Company, provided that (i) such securities are issued as “restricted securities” (as defined in Rule 144), (ii) carry
no registration rights that require or permit the filing of any registration statement in connection therewith during the Restrictive
Period, as defined in Section 4.9 herein, (iii) that any such issuance shall only be to a Person (or to the equityholders of a Person)
that is, itself or through its subsidiaries, an operating company or an owner of an asset in a business synergistic with the business
of the Company and shall provide to the Company additional benefits in addition to the investment of funds, but shall not include a transaction
in which the Company is issuing securities primarily for the purpose of raising capital or to an entity whose primary business is investing
in securities, and (iv) are issued or are issuable at a price per Common Shares or Common Shares Equivalent not less than the Conversion
Price, (d) securities issued or issuable to the