Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 206

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 206
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) shall not apply to any loss, liability, claim,
damage or expense to the extent arising out of an untrue statement or omission, or alleged untrue statement or omission in a Commission
Document, made in reliance upon and in conformity with information furnished in writing to the Company by the Investor for the Company’s
express use in connection with the preparation of the Registration Statement, Prospectus or Prospectus Supplement or any such amendment
thereof or supplement thereto (it being hereby acknowledged and agreed that the written information set forth on to this
Agreement is the only written information furnished to the Company by or on behalf of the Investor expressly for use in any Registration
Statement, Prospectus or Prospectus Supplement), (b) to the extent of the aggregate amount paid in settlement of any litigation, or any
investigation or proceeding by any Governmental Authority, commenced or threatened, or of any claim whatsoever based upon any such untrue
statement or omission, or any such alleged untrue statement or omission; that any such settlement is effected with the
written consent of the Company, which consent shall not unreasonably be delayed, conditioned or withheld, (c) in investigating, preparing
or defending against any litigation, or any investigation or proceeding by any Governmental Authority, commenced or threatened, or any
claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or omission (whether or not a
party), to the extent that any such expense is not paid under (a) or (b) above, (d) as a result of, relating to or arising out of any
breach by the Company of its representations, warranties, covenants or agreements under this Agreement, or (e) as a result of, relating
to or arising out of any other action, suit, claim or proceeding against an Investor Party arising out of or otherwise in connection with
the Transaction Documents (except in the case of subsection (e), solely to the extent any Damage is determined by a court of competent
jurisdiction, not subject to further appeal, to have resulted primarily and directly from the bad faith or gross negligence of such Investor
Party).

<div align='center'>47</div>

The Company shall reimburse
any Investor Party promptly upon demand (with accompanying presentation of documentary evidence) for all legal and other costs and expenses
reasonably incurred by such Investor Party in connection with (i) any action, suit, claim or proceeding, whether at law or in equity,
to enforce compliance by the Company with any provision