Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 105

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 105
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) “Closing Date” shall have the meaning set forth in the Securities Purchase Agreement.

(i) “Cutback Shares” means any of the Initial Required Registration Amount or the Additional Required Registration Amount (without regard
to clause (II) in the definition thereof) of Registrable Securities not included in all Registration Statements previously declared effective
as contemplated hereunder as a result of a limitation on the maximum number of Common Shares of the Company permitted to be registered
by the staff of the SEC pursuant to Rule 415. For the purpose of determining the Cutback Shares, in order to determine any applicable
Required Registration Amount, unless an Investor gives written notice to the Company to the contrary with respect to the allocation of
its Cutback Shares, first the Warrant Shares shall be excluded on a pro rata basis among the Investors until all of the Warrant Shares
have been excluded (sequentially starting with the Warrants having the highest Exercise Price and thereafter the next higher price, etc.,
calculated for each Purchaser based on such Purchaser’s pro-rata amount of Warrants included comprising Registrable Securities)
and then the Conversion Shares shall be excluded on a pro rata basis among the Investors until all of the Conversion Shares have been
excluded.

(j) “Effective Date” means the Initial Effective Date and the Additional Effective Date, as applicable.

(k) “Effectiveness Deadline” means the Initial Effectiveness Deadline and the Additional Effectiveness Deadline, as applicable.

(l) “Eligible Market” means the Principal Market, The New York Stock Exchange, Inc., the NYSE American, The Nasdaq Capital Market, The Nasdaq
Global Select Market, The Nasdaq Global Market, the OTC Bulletin Board, the OTCQB or the OTCQX (or any successor to any of the foregoing).

(m) “Filing Deadline” means the Initial Filing Deadline and the Additional Filing Deadline, as applicable.

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(n) “Initial Effective Date” means the date that the Initial Registration Statement has been declared effective by the SEC.

(o) “ Initial Effectiveness Deadline” means the date which is the later of (x) (i) in the event that the Initial Registration Statement is not subject to a full review by the SEC, fifty (50) calendar days after the Initial Filing Deadline, (ii) in the event that the Initial Registration Statement is subject to a full review by the SEC, sixty-five (65) calendar days after the date of this Agreement, (