Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 191

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 191
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 disclosure contained in any Schedule of
the Disclosure Schedule shall be deemed to be disclosed and incorporated by reference in any other Schedule of the Disclosure Schedule
as though fully set forth in such Schedule for which applicability of such information and disclosure is readily apparent on its face.
The fact that any item of information is disclosed in the Disclosure Schedule shall not be construed to mean that such information is
required to be disclosed by this Agreement. Except as expressly set forth in this Agreement, such information and the thresholds (whether
based on quantity, qualitative characterization, dollar amounts or otherwise) set forth herein shall not be used as a basis for interpreting
the terms “material” or “Material Adverse Effect” or other similar terms in this Agreement.

Section 6.14. Delivery of Bring-Down Opinions and Compliance Certificates Upon Occurrence of Certain Events. Within three (3) Trading Days immediately
following each time the Company files (i) an annual report on Form 20-F under the Exchange Act (including any Form 20-F/A containing amended
financial information or a material amendment to the previously filed Form 20-F); (ii) a report on Form 6-K under the Exchange Act that
includes interim financial statements; (iii) a report on Form 6-K containing amended financial information under the Exchange Act; or
(iv) the Initial Registration Statement, any New Registration Statement, or any supplement or post-effective amendment thereto, and in
any case, not more than once per calendar quarter, the Company shall (1) deliver to the Investor a Compliance Certificate in the form
attached hereto as , dated as of such date, (2) cause to be furnished to the Investor opinions of Swiss Counsel and United
States Counsel, in customary form (each such opinion or letter, a “Bring-Down Opinion”) and (3) cause to be
furnished to the Investor a comfort letter from the Accountant in the case of an Annual Report on Form 20-F (in the case of a post-effective
amendment, only if such amendment contains amended or new financial information), modified, as necessary, to relate to such Registration
Statement or post-effective amendment, or the Prospectus contained therein as then amended or supplemented by such Prospectus Supplement,
as applicable.

<div align='center'>36

ARTICLE VII

CONDITIONS TO CLOSING AND CONDITIONS TO THE SALE AND

PURCHASE OF THE SHARES</div>

Section 7.1. Conditions Precedent to Commencement. The right of