Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 80

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 80
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shall have any effect on the applicability of the provisions of this Section 4.30(a)(vii) with respect to any subsequent determination
of convertibility or issuance (each as the case may be). For purposes of this Section 4.30(a)(vii), beneficial ownership and all determinations
and calculations (including, without limitation, with respect to calculations of percentage ownership) shall be determined in accordance
with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. The provisions of this Section 4.30(a)(ii)
shall be implemented in a manner otherwise than in strict conformity with the terms of this Section 4.30(a)(ii) to correct this Section
4.30(a)(ii) (or any portion hereof) which may be defective or inconsistent with the intended Maximum Percentage beneficial ownership limitation
herein contained or to make changes or supplements necessary or desirable to properly give effect to such Maximum Percentage limitation.
The limitations contained in this Section 4.30(a)(ii) shall apply to a successor Purchaser of Preferred Shares. For any reason at any
time, upon the written or oral request of a Purchaser, the Company shall within one (1) Trading Day confirm orally and in writing to such
Purchaser the number of shares of Common Shares then outstanding, including by virtue of any prior conversion or exercise of convertible
or exercisable securities into Common Shares, including, without limitation, pursuant to this Agreement. By written notice to the Company,
any Purchaser may increase or decrease the Maximum Percentage to any other percentage not in excess of 9.99% specified in such notice;
provided that (i) any such increase will not be effective until the 61st day after such notice is delivered to the Company, and (ii) any
such increase or decrease will apply only to such Purchaser sending such notice and not to any other Purchaser.

(b) .

(i) . With respect to any unconverted Shares, if the Company at any time on or after
the Initial Closing Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding
shares of Common Shares into a greater number of shares, the Conversion Ratio for any unconverted shares in effect immediately prior to
such subdivision will be proportionately adjusted. Without limiting any provision of Section 4.30(b), with respect to any unconverted
shares, if the Company at any time on or after