Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 14

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 14
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eto and
hereto and any other documents or agreements executed by any party hereto in connection with the transactions contemplated hereunder.

“”
means VStock Transfer, the current transfer agent of the Company, with a mailing address of 18 Lafayette Place, Woodmere, New York
11598 and a phone number of 212-828-8436, and any successor transfer agent of the Company.

“”
means Common Shares held by the Company and its Subsidiaries as of the date hereof to be transferred to each Purchaser pursuant to this
Agreement.

“”
means the Conversion Shares and the Warrant Shares.

“”
shall have the meaning ascribed to such term in Section 4.1(d).

“” shall have the meaning ascribed to such term in Section 4.13.

“”
shall have the meaning ascribed to such term in Section 4.13.

“” means,
for any date, the price determined by the first of the following clauses that applies: (a) if the Common Shares are then listed or quoted
on a Trading Market, the daily volume weighted average price of the Common Shares for such date (or the nearest preceding date) on the
Trading Market on which the Common Shares are then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m.
(New York City time) to 4:02 p.m. (New York City time)), (b) if any of the Nasdaq markets or exchanges is not a Trading Market, the volume
weighted average price of the Common Shares for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the
Common Shares are not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Shares are then reported in The
Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per
share of the Common Shares so reported, or (d) in all other cases, the fair market value of a share of Common Shares as determined by
an independent appraiser selected in good faith by the Purchasers of a Majority in Interest of the Securities then outstanding and reasonably
acceptable to the Company, the fees and expenses of which shall be paid by the Company.

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“” means the Common Shares issued upon exercise of the Warrants.

“”
means collectively