Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 176

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 176
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 market prices (and not fixed prices) (the “Initial Registration Statement”). The Company shall use its commercially reasonable efforts to have the Initial Registration Statement declared
effective by the Commission as soon as reasonably practicable following the filing thereof with the Commission.

(ii) The
Investor shall have the right to select one legal counsel to review and oversee, solely on its behalf, any registration pursuant to this
Section 6.3 (“Legal Counsel”), which shall be Grushko & Mittman, P.C., or such other counsel as thereafter
designated by the Investor. The Company shall have no obligation to reimburse the Investor for any and all legal fees and expenses of
the Legal Counsel incurred in connection with the transactions contemplated by this Section 6.3.

(iii) If
at any time all Registrable Securities are not covered by the Initial Registration Statement filed pursuant to this Section 6.3 or otherwise,
the Company shall use its commercially reasonable efforts to file with the Commission one or more additional Registration Statements so
as to cover all of the Registrable Securities not covered by such initial Registration Statement, in each case, as soon as practicable
(taking into account any position of the staff of the Commission (“Staff”) with respect to the date on which
the Staff will permit such additional Registration Statement(s) to be filed with the Commission and the rules and regulations of the Commission)
(each such additional Registration Statement, a “New Registration Statement”). The Company shall use its commercially
reasonable efforts to cause each such New Registration Statement to become effective as soon as reasonably practicable following the filing
thereof with the Commission.

(iv) In
no event shall the Company include any securities other than Registrable Securities on any Registration Statement pursuant to this Section
6.3 without the express written consent of the Investor prior to filing such Registration Statement with the Commission.

(v) If
the Staff or the Commission seeks to characterize any offering pursuant to a Registration Statement filed pursuant to this Agreement as
constituting an offering of securities that does not permit such Registration Statement to become effective and be used for resales by
the Investor on a delayed or continuous basis under Rule 415 at then-prevailing market prices (and not fixed prices), or if after the
filing of any Registration Statement pursuant to this Section 6.3, the Company is otherwise required by the Staff or the Commission to
reduce the number of Registrable Securities included in such Registration Statement, then the Company shall reduce the number of Registrable
Securities to be included