Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 112

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 112
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 (vii) on the thirtieth day after
the date of an Effectiveness Failure and every thirtieth day thereafter (pro-rated for periods totaling less than thirty days) until
such Effectiveness Failure is cured; and (viii) on the thirtieth day after the initial date of a Maintenance Failure and every thirtieth
day thereafter (pro-rated for periods totaling less than thirty days) until such Maintenance Failure is cured; provided however, in the
event that there shall be more than one Failure occurring simultaneously, the 1.0% shall apply in the aggregate (e.g., during any single
or multiple Failure, 1% shall be due, however 1% shall not be due “per Failure” if the Failures are simultaneous and for
so long as such Failures are simultaneous). The payments to which a holder shall be entitled pursuant to this Section 2(g) are referred
to herein as “Registration Delay Payments.” Registration Delay Payments shall be paid on the earlier of (I) the dates
set forth above and (II) the third Business Day after the event or failure giving rise to the Registration Delay Payments is cured. In
the event the Company fails to make Registration Delay Payments in a timely manner, such Registration Delay Payments shall bear interest
at the rate of one percent (1%) per month (prorated for partial months) until paid in full. Notwithstanding anything to the contrary
contained herein, Registration Delay Payments shall (i) not, in the aggregate, exceed twenty percent (20%) of the aggregate Purchase
Price, (ii) cease to accrue during periods when all of the Registrable Securities may be sold pursuant to Rule 144 without any restrictions
or limitations and (iii) cease to accrue upon the termination of the Registration Period (as defined below).

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(h) . No securities, other than the Registerable Securities may be included in any Registration Statement.
Except for (i) the Company’s shelf registration statement on Form F-3 (File No. 333-284811) and (ii) any registration rights
that exist as of the date of this Agreement as set forth in the SEC Reports, the Company shall not file nor amend another
registration statement under the 1933 Act prior to the earlier of (i) date that the Initial Registration Statement is declared
effective by the SEC and (ii) the end of the Registration Period (as defined in Section