Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 20

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 20
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 on January 14, 2025 or a subsequent extraordinary general
meeting;

(ii) a legal opinion of Company
Counsel and Special Swiss Company Counsel, each in a form reasonably acceptable to the Purchaser;

(iii)a certificate executed on behalf of the Company by its Principal Executive Officer or Chief Executive Officer (each as defined
in the Exchange Act) of the Company, dated as of such Subsequent Closing Date, in which such officer shall certify that the conditions
set forth in have been fulfilled; and

(iv)a number of warrants determined by multiplying the number of preferred shares issuable to the Purchaser by sixty five percent (65%).

(b) On or prior to each Subsequent
Closing Date, each Purchaser shall deliver or cause to be delivered to the Company, the following:

(i) evidence that such Purchaser’s
applicable Subsequent Closing Subscription Amount for such Subsequent Closing has been transferred and paid to the Company in accordance
with the wire instructions set forth in at least two (2) Business Days prior to the Subsequent Closing Date.

2.6 .

(a) The obligations of the Company
hereunder to effect a Subsequent Closing with respect to each Purchaser are subject to the following conditions being met:

(i) the accuracy in all material
respects (determined without regard to any materiality, Material Adverse Effect or other similar qualifiers therein) on the date of this
Agreement and such Subsequent Closing Date of the representations and warranties of each such Purchaser (for itself) contained herein
(unless as of a specific date therein in which case they shall be accurate as of such date);

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(ii) all obligations, covenants
and agreements of each Purchaser under this Agreement required to be performed or obtained at or prior to such Subsequent Closing Date
shall have been performed and obtained; and

(iii) the delivery by each
Purchaser of the items set forth in Section 2.5(b) of this Agreement.

(b) The respective obligations
of a Purchaser hereunder to effect a Subsequent Closing, unless waived by such Purchaser, are subject to the following conditions being
met:

(i) the accuracy in all material
respects (determined without regard to any materiality, Material Adverse Effect or other similar qualifiers therein) on the date of this
Agreement and such Subsequent Closing Date of the representations and warranties of the Company contained herein (unless as of a specific
date therein in which