Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 211

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 211
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 against such party in respect of which a claim for contribution
may be made under this Section 9.3(b), will notify any such party or parties from whom contribution may be sought, but the omission to
so notify will not relieve that party or parties from whom contribution may be sought from any other obligation it or they may have under
this Section 9.3(b) except to the extent that the failure to so notify such other party materially prejudiced the substantive rights or
defenses of the party from whom contribution is sought. No party will be liable for contribution with respect to any action or claim settled
without its written consent if such consent is required pursuant to Section 9.3(a) hereof.

<div align='center'>50</div>

(c) The Company
Party shall provide equivalent notice to the Investor in the case the Company seeks indemnification or contribution from the Investor
pursuant to Section 9.2.

The remedies provided
for in this Article IX are not exclusive and shall not limit any rights or remedies which may otherwise be available to any Investor Party
at law or in equity.

<div align='center'>ARTICLE X

MISCELLANEOUS</div>

Section 10.1. Certain Fees and Expenses; Upfront Commitment Fee; Commencement Irrevocable Transfer Agent Instructions.

(i) Certain Fees and Expenses. Each party shall bear its own fees and expenses related to the transactions contemplated by this Agreement,
except that the Company will reimburse the fees and disbursements of legal counsel to the Investor in the amount of $25,000 in connection
with the entry into this Agreement and $10,000 per fiscal year in connection with the Investor’s ongoing due diligence and review
of deliverables subject to Section 6.15. The Company shall pay all U.S. federal, state and local stamp and other similar transfer and
other taxes (other than income taxes) and duties levied in connection with issuance of the Shares pursuant hereto.

(ii) Upfront Commitment Fee. In consideration for the Investor’s execution and delivery of this Agreement on or prior to the end of the
Trading Day following the execution of this Agreement, the Company shall pay to the Investor the Upfront Commitment Fee in the form of
the pre-funded warrant. For the avoidance of doubt, the entire amount of the Upfront Commitment Fee shall be fully earned by the Investor
and shall be non-refundable as of the Upfront Determination Date, regardless of whether