Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 192

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 192
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 the Company to commence delivering VWAP Purchase Notices under this Agreement, and the
obligation of the Investor to accept VWAP Purchase Notices delivered to the Investor by the Company under this Agreement, are subject
to the initial satisfaction, at Commencement, of each of the conditions set forth in this Section 7.1.

(i) Accuracy of the Company’s Representations and Warranties. The representations and warranties of the Company contained in this Agreement
(a) that are not qualified by “materiality” or “Material Adverse Effect” shall have been true and correct in all
material respects when made and shall be true and correct in all material respects as of the Commencement Date with the same force and
effect as if made on such date, except to the extent such representations and warranties are as of another date, in which case, such representations
and warranties shall be true and correct in all material respects as of such other date and (b) that are qualified by “materiality”
or “Material Adverse Effect” shall have been true and correct when made and shall be true and correct as of the Commencement
Date with the same force and effect as if made on such date, except to the extent such representations and warranties are as of another
date, in which case, such representations and warranties shall be true and correct as of such other date.

(ii) Accuracy of the Investor’s Representations and Warranties. The representations and warranties of the Investor contained in this Agreement
(a) that are not qualified by “materiality” shall be true and correct in all material respects as of the Commencement Date,
except to the extent such representations and warranties are as of another date, in which case, such representations and warranties shall
be true and correct in all material respects as of such other date and (b) that are qualified by “materiality” shall be true
and correct as of the Commencement Date, except to the extent such representations and warranties are as of another date, in which case,
such representations and warranties shall be true and correct as of such other date.

(iii) Payment of Upfront Commitment Fee. On or prior to the end of the Trading Day immediately following the execution of this Agreement, the
Company shall have paid the Upfront Commitment Fee by issuance of a pre-funded warrant, all of which Upfront Commitment Fee shall be fully
earned and non-refundable as of the date of such payment, regardless of whether any VWAP Purch