Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 110

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 110
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 by the Required Holders. The Company and Legal Counsel shall reasonably
cooperate with each other in performing the Company's obligations under this Agreement.

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(e) . In the event that Form F-3 is not available for the registration of the resale of Registrable Securities hereunder,
the Company shall (i) register the resale of the Registrable Securities on Form F-1 or another appropriate form reasonably acceptable
to the Required Holders and (ii) undertake to register the Registrable Securities on Form F-3 as soon as such form is available, provided
that the Company shall maintain the effectiveness of the Registration Statement then in effect until such time as any such Registration
Statement on Form F-3 filed by the Company covering the Registrable Securities has been declared effective by the SEC.

(f) . In the event the number of shares available under a Registration Statement filed pursuant to Section
2(a) or Section 2(b) is insufficient to cover the Required Registration Amount of Registrable Securities required to be covered by such
Registration Statement or an Investor's allocated portion of the Registrable Securities pursuant to Section 2(c), the Company shall amend
the applicable Registration Statement, or file a new Registration Statement (on the short form available therefor, if applicable), or
both, so as to cover at least the Required Registration Amount as of the Trading Day immediately preceding the date of the filing of such
amendment or new Registration Statement, in each case, as soon as practicable, but in any event not later than fifteen (15) calendar days
after the necessity therefor arises. The Company shall use its best efforts to cause such amendment and/or new Registration Statement
to become effective as soon as practicable following the filing thereof. For purposes of the foregoing provision, the number of shares
available under a Registration Statement shall be deemed “insufficient to cover all of the Registrable Securities” if at any
time the number of Common Shares available for resale under the Registration Statement is less than the Required Registration Amount.
The calculation set forth in the foregoing sentence shall be made without regard to any limitations on the exercise of the Warrants and
such calculation shall assume the Warrants are then exercisable in full into Common Shares at the then prevailing Exercise Price (as defined
in the Warrants).

(g) . If (i) the Initial Registration Statement when declared effective
fails to register the Initial Required Registration Amount of Initial Registrable Securities (a “Registration Failure”),
(ii) a Registration