Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 19

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 19
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 in which case they shall be accurate as of such date);

(ii) all Required Approvals,
obligations, covenants and agreements of the Company and parties and required signatories to and under the Transaction Documents (except
for Purchaser) required to be performed or obtained at or prior to the Initial Closing Date shall have been performed and obtained;

(iii) the delivery by the
Company of the items set forth in Section 2.6(a) of this Agreement;

(iv) such Closing not resulting
in the Purchaser exceeding the Beneficial Ownership Limitation; and

(v) there shall have been
no Material Adverse Effect with respect to the Company since the date hereof.

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2.4 .
There shall be able one additional Subsequent Closing, provided that the number of Preferred Shares to be delivered to the Purchasers
on the Subsequent Closing Date is covered by the number of Preferred Shares that may be newly issued by the Company upon the implementation
of the ordinary capital increase as resolved by the Extraordinary General Meeting of the Company on January 14, 2025 or a subsequent extraordinary
general meeting. The Subsequent Closing for an additional $1,000,000 Subscription Amount of Securities, shall, subject to the mutual consent
of the Company and the Purchasers, and following completion of the Initial Closing, occur within five (5) calendar days after delivery
of the applicable Subscription Forms and payment of the relevant Purchaser's Subsequent Closing Subscription Amount to the blocked capital
account (Kapitaleinzahlungssperrkonto) of the Company and, unless waived by the Purchasers, the Underlying Shares issuable upon
conversion of the Preferred Shares and Warrant Shares issuable upon exercise of the Warrants issued in such Subsequent Closing being registered
for resale pursuant to an effective Registration Statement. In the event the Subsequent Closing does not occur on or before the first
anniversary of this Agreement, the Purchasers may terminate this Agreement.

2.5 .

(a) On or prior to the Subsequent
Closing, the Company shall deliver or cause to be delivered to the Purchasers the following:

(i) the number of Preferred
Shares being purchased at such Subsequent Closing as set forth on the signature page of each Purchaser, provided that the number of Preferred
Shares thus determined is covered by the number of shares that the Company is authorized to issue upon implementation of the ordinary
capital increase resolved by the extraordinary general meeting of the Company