Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 208

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 208
---
to the Company by or on behalf of the Investor expressly for use in any Registration Statement, Prospectus or Prospectus Supplement).

<div align='center'>48</div>

Section 9.3. Indemnification Procedures.

(a) Promptly after
an Investor Party receives notice of a claim or the commencement of an action for which the Investor Party intends to seek indemnification
under Section 9.1, the Investor Party will notify the Company in writing of the claim or commencement of the action, suit or proceeding;
, , that failure to notify the Company will not relieve the Company from liability under Section 9.1, unless
and solely to the extent it has been materially prejudiced by the failure to give such notice as evidenced by the forfeiture of by the
Company of substantive rights or defenses. The Company will be entitled to participate in the defense of any claim, action, suit or proceeding
as to which indemnification is being sought, and if the Company acknowledges in writing the obligation to indemnify the Investor Party
against whom the claim or action is brought, the Company may (but will not be required to) assume the defense against the claim, action,
suit or proceeding with counsel satisfactory to it. After the Company notifies the Investor Party that the Company wishes to assume the
defense of a claim, action, suit or proceeding, the Company will not be liable for any further legal or other expenses incurred by the
Investor Party in connection with the defense against the claim, action, suit or proceeding unless (1) the employment of counsel by the
Investor Party has been authorized in writing by the Company, (2) the Investor Party has reasonably concluded (based on advice of counsel)
that there may be legal defenses available to it or another Investor Party that are different from or in addition to those available to
the Company, (3) a conflict or potential conflict exists (based on advice of counsel to the Investor Party) between an Investor Party
and the Company (in which case the Company will not have the right to direct the defense of such action on behalf of the indemnified party)
or (4) the Company has not in fact employed counsel to assume the defense of such action or counsel reasonably satisfactory to the indemnified
party, in each case, within a reasonable time after receiving notice of the commencement of the action; in each of which cases the reasonable
fees, disbursements and other charges of counsel will be at the expense of the Company. It is understood that the Company shall not