Company: NCEL
Filing Date: 2025-06-06
Form Type: 425
Source: 0001213900-25-052102
Chunk: 8

Company: NewcelX Ltd.
Filing Date: 2025-06-06
Form: 425
Chunk 8
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 prior to the Closing;

8. . Section 8.10.32 of the Agreement shall be amended in its entirety to read as follows:

“8.10.32 “Exchange Ratio” means a number calculated by dividing (a) the Merger Shares by (b) the Outstanding Shares. The Exchange Ratio
represents the number of Merger Shares to be issued in exchange for each Share. For illustration purposes only, an example of the calculation
of the Exchange Ratio is set forth on attached hereto. The example set forth on is provided solely for
illustrative purposes and does not represent the actual number of Merger Shares to be issued, which will be determined in accordance with
the terms of the Agreement.”

9. . of the Agreement shall be deleted in its entirety and replaced with attached hereto.

10. . This Amendment shall be effective as of the day and year first written above. Except as amended hereby, and
as so amended, the Agreement shall remain in full force and effect and shall be otherwise unaffected hereby. This Amendment does not constitute,
directly or by implication, an amendment or waiver of any provision of the Agreement or any ancillary document, or any other right, remedy,
power or privilege of any party, except as expressly set forth herein.

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11. . The Agreement, as amended by this Amendment, and the documents or instruments attached hereto or thereto or referenced
herein or therein, constitutes the entire agreement between the Parties with respect to the subject matter of the Agreement, and supersedes
all prior agreements and understandings, both oral and written, between the Parties with respect to its subject matter.

12. . Each Party to this Amendment agrees to perform any further acts and execute and deliver any documents that may be reasonably
necessary to carry out the provisions of this Amendment.

13. . Except to the extent that the Applicable Laws of the State of Israel apply in respect of the procedural aspects of the Merger
as set forth in ‎Article I of the Agreement, this Amendment shall be governed by, and construed in accordance with, the laws of the
State of Delaware, without regard to any rule or principle that might refer the governance or construction of this Amendment to the Laws
of another jurisdiction.

14. .
This Amendment may be executed in separate counterparts, each of such counterparts shall for all purposes be deemed to be original and
all such counterparts shall together constitute but one and the same instrument.

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