Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 82

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 82
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 as if such Successor Entity had been named as the Company herein and therein. In addition to the foregoing, upon
consummation of a Fundamental Transaction, the Successor Entity shall deliver to each Purchaser confirmation that there shall be issued
upon conversion of the Preferred Shares at any time after the consummation of such Fundamental Transaction, in lieu of the shares of Common
Shares (or other securities, cash, assets or other property (except such items still issuable under Section 4.30(b)(i), which shall continue
to be receivable thereafter)) issuable upon the conversion of the Preferred Shares prior to such Fundamental Transaction, such shares
of publicly traded Common Shares (or their equivalent) of the Successor Entity (including its Parent Entity) that each Purchaser would
have been entitled to receive upon the happening of such Fundamental Transaction had all the Preferred Shares held by each Purchaser been
converted immediately prior to such Fundamental Transaction (without regard to any limitations on the conversion of the Preferred Shares
contained in this Agreement), as adjusted in accordance with the provisions of this Agreement. The provisions of this Section 4.30(b)
shall apply similarly and equally to successive Fundamental Transactions and shall be applied without regard to any limitations on the
conversion of the Preferred Shares. “Fundamental Transaction” shall mean that (i) the Company or any of its Subsidiaries
shall, directly or indirectly, in one or more related transactions, (A) consolidate or merge with or into (whether or not the Company
or any of its Subsidiaries is the surviving Company) any other Person, or (B) sell, lease, license, assign, transfer, convey or otherwise
dispose of all or substantially all of its respective properties or assets to any other Person, or (C) make, or allow any other Person
to make, a purchase, tender or exchange offer that is accepted by the Purchasers of more than 50% of the outstanding shares of voting
stock of the Company (not including any shares of voting stock of the Company held by the Person or Persons making or party to, or associated
or affiliated with the Persons making or party to, such purchase, tender or exchange offer), or (D) consummate a stock or share exchange
agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement)
with any other Person whereby such other Person acquires more than 50% of the outstanding shares of voting stock