Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 74

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 74
---
 every right and power of the Company and shall assume all of the obligations of the
Company under this Agreement and the Amended and Restated Articles of Association with the same effect as if such Successor Entity had
been named as the Company herein and therein. In addition to the foregoing, upon consummation of a Fundamental Transaction, the Successor
Entity shall deliver to each Holder confirmation that there shall be issued upon conversion of the Preferred Shares at any time after
the consummation of such Fundamental Transaction, in lieu of the shares of Common Shares (or other securities, cash, assets or other property
(except such items still issuable under Section 4(a), which shall continue to be receivable thereafter)) issuable upon the conversion
of the Preferred Shares prior to such Fundamental Transaction, such shares of publicly traded common stock (or their equivalent) of the
Successor Entity (including its Parent Entity) that each Holder would have been entitled to receive upon the happening of such Fundamental
Transaction had all the Preferred Shares held by each Holder been converted immediately prior to such Fundamental Transaction (without
regard to any limitations on the conversion of the Preferred Shares contained in this Agreement and the Amended and Restated Articles
of Association), as adjusted in accordance with the provisions of this Agreement and the Amended and Restated Articles of Association.
The provisions of this Section 4 shall apply similarly and equally to successive Fundamental Transactions and shall be applied without
regard to any limitations on the conversion of the Preferred Shares.

4.28 .
Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the Purchasers shall be entitled to
receive out of the assets, whether capital or surplus, of the Company an amount equal to the Stated Value and any other fees or liquidated
damages then due and owing thereon under this Agreement, for each Preferred Share then held by such Purchaser, before any distribution
or payment shall be made to the holders of any Common Shares or Financing Preferred, and if the assets of the Company shall be insufficient
to pay in full such amounts, then the entire assets to be distributed to the Purchasers shall be rateably distributed among the Purchasers
and the holders of the Preferred Shares in accordance with the respective amounts that would be payable on such shares if all amounts
payable thereon were paid in full.

4.29 . Notwithstanding
any additional cash available to the Company as a result of this Agreement, the Company shall remain subject to a monthly budget ranging