Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 109

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 109
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 acceptable
to the Required Holders, subject to the provisions of Section 2(e). Each Additional Registration Statement prepared pursuant hereto shall
register for resale at least that number of Common Shares equal to the Additional Required Registration Amount determined as of the date
such Additional Registration Statement is initially filed with the SEC,subject to adjustment as provided in Section 2(f).
Each Additional Registration Statement shall contain (except if otherwise directed by the Required Holders) the “”
and “” sections in substantially the form attached hereto as , with such modifications
as may be required by law. The Company shall use its best efforts to have each Additional Registration Statement declared effective by
the SEC as soon as practicable, but in no event later than the Additional Effectiveness Deadline. By 9:30 a.m. New York time on the second
(2) Business Day following the Additional Effective Date, the Company shall file with the SEC in accordance with Rule 424
under the 1933 Act the final prospectus to be used in connection with sales pursuant to such Additional Registration Statement.

(c) . The initial number of Registrable Securities included in any Registration Statement and any increase or
decrease in the number of Registrable Securities included therein shall be allocated pro rata among the Investors based on the number
of Registrable Securities held by each Investor at the time the Registration Statement covering such initial number of Registrable Securities
or increase or decrease thereof is declared effective by the SEC. In the event that an Investor sells or otherwise transfers any of such
Investor's Registrable Securities, each transferee shall be allocated a pro rata portion of the then remaining number of Registrable Securities
included in such Registration Statement for such transferor. Any Common Shares included in a Registration Statement and which remain allocated
to any Person which ceases to hold any Registrable Securities covered by such Registration Statement shall be allocated to the remaining
Investors, pro rata based on the number of Registrable Securities then held by such Investors which are covered by such Registration Statement.
In no event shall the Company include any securities other than Registrable Securities on any Registration Statement without the prior
written consent of the Required Holders.

(d) . Subject to Section 5 hereof, the Required Holders shall have the right to select one legal counsel at the Company’s
sole cost to review and oversee any registration pursuant to this Section 2 (“Legal Counsel”), which shall be Grushko
& Mittman, P.C., or such other counsel as thereafter designated