Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 21

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 21
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 case they shall be accurate as of such date);

(ii) the delivery by the Company
of the items set forth in Section 2.5(a) of this Agreement; and

(iii) there shall have been
no Material Adverse Effect with respect to the Company since the date hereof.

2.7 .
Any Purchaser or the Company may, upon prior notice to the other, not effect a Closing if from the date hereof to such Closing Date, trading
in the Common Shares shall have been suspended by the Commission or the Company’s principal Trading Market, and, at any time prior
to such Closing Date, trading in securities generally as reported by Bloomberg L.P. shall have been suspended or limited, or minimum prices
shall not have been established on securities whose trades are reported by such service, or on any Trading Market, nor shall a banking
moratorium have been declared either by the United States or New York State authorities nor shall there have occurred any material outbreak
or escalation of hostilities, pandemic or other national or international calamity of such magnitude in its effect on, or any material
adverse change in, any financial market which, in each case, in the reasonable judgment of such Purchaser, makes it impracticable or inadvisable
to purchase the Securities at such Closing.

2.8 . Anything in this Agreement or any of the other Transaction Documents to the contrary notwithstanding, each
Purchaser, for itself, has the right to cancel its participation in this Offering but only prior to any Closing and receive back any of
Purchaser’s Transaction Documents and Subscription Amount delivered pursuant to this Agreement or such other Transaction Documents
for any portion not yet closed.

<div align='center'>ARTICLE III.
REPRESENTATIONS AND WARRANTIES</div>

3.1 . Except as set forth in this Section 3.1 or the Disclosure Schedules, which Disclosure Schedules shall be
deemed a part hereof and shall qualify any representation made herein only to the extent of the disclosure contained in the corresponding
or cross-referenced section of the Disclosure Schedules, the Company hereby makes the following representations and warranties to each
Purchaser as of the date hereof and as of each Closing Date (unless as of a specific date therein):

(a) . All
of the direct and indirect subsidiaries of the Company are set forth in the SEC Reports. The Company owns, directly or indirectly, all
of the capital stock or other equity interests of each Subsidiary free and