Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 186

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 186
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 certificates, resolutions and instructions to the
Company’s Transfer Agent without unreasonable delay as may be reasonably requested from time to time by the Investor.

(ix) Neither
the Company nor the Investor shall assign this Agreement or any of their respective rights or obligations under this Section 6.3.

(x) No
provision of this Agreement may be (i) amended other than by a written instrument signed by both parties hereto or (ii) waived other than
in a written instrument signed by the party against whom enforcement of such waiver is sought. Failure of any party to exercise any right
or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy, shall not operate as a waiver thereof.

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(xi) Solely
for purposes of this Agreement, a Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to
own of record such Registrable Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons
with respect to the same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from
such record owner of such Registrable Securities.

Section 6.4. Compliance with Laws.

(i) During the Investment
Period, the Company shall comply with applicable provisions of the Securities Act and the Exchange Act, including Regulation M thereunder,
applicable state securities or “Blue Sky” laws, and applicable listing rules of the Principal Market or Principal Market,
in connection with the transactions contemplated by this Agreement, except as would not reasonably be expected, individually or in the
aggregate, to have a Material Adverse Effect.

(ii) The Investor
shall comply with all laws, rules, regulations and orders applicable to the performance by it of its obligations under this Agreement
and its investment in the Shares, except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse
Effect. Without limiting the foregoing, the Investor shall comply with all applicable provisions of the Securities Act and the Exchange
Act, including Regulation M thereunder, and all applicable state securities or “Blue Sky” laws, in connection with the transactions
contemplated by this Agreement.

Section 6.5. Keeping of Records and Books of Account; Due Diligence.

(i) The Investor
and the Company shall each maintain records showing the remaining Total Commitment, the remaining Aggregate Limit and the dates and VWAP
Purchase Share Amount for each VWAP Purchase.