Company: NCEL
Filing Date: 2025-10-24
Form Type: POS AM
Source: 0001213900-25-102149
Chunk: 23

Company: NewcelX Ltd.
Filing Date: 2025-10-24
Form: POS AM
Chunk 23
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 no later than the second business day following the satisfaction or waiver of the conditions described below under the section titled “ Conditions to the Consummation of the Merger” or (ii) on such other date as agreed to by the parties to the Merger Agreement in writing, in each case, subject to the satisfaction or waiver of the closing conditions. However, because the Merger is subject to a number of conditions, neither NLS nor Kadimastem can predict exactly when the closing of the Merger will occur or if it will occur at all.

<div align='center'>10</div>

The Merger Agreement may be terminated under certain customary and limited circumstances at any time prior to the Closing, including:

| ● | by mutual written              
 consent of NLS and Kadimastem; |

| ● | by either NLS or Kadimastem if the other party shall have breached, or failed to comply with, any of its                                   
 covenants or obligations under the Merger Agreement or any representation or warranty made by such party (or, in the case of NLS, Merger   
 Sub) shall have been incorrect in any respect when made or shall have since ceased to be true and correct in any respect such that certain 
 conditions set forth in the Merger Agreement would not be satisfied and such breach shall not have been cured (or is not capable of being  
 cured) as set forth in the Merger Agreement;                                                                                               |

| ● | by either NLS or Kadimastem of the other party’s uncured breach (subject to certain materiality 
 qualifiers);                                                                                    |

| ● | by either NLS or Kadimastem if the NLS shareholder meeting is held and the NLS shareholders’ approval 
 is not received;                                                                                      |

| ● | by either NLS or Kadimastem if the Kadimastem shareholder meeting is held and the Kadimastem shareholders’ 
 approval is not received; or                                                                               |

| ● | by NLS in the event NLS accepts a Parent Superior Proposal. |

If the Merger Agreement is terminated, then all further obligations of the parties under the Merger Agreement will terminate and will be of no further force and effect (except that certain obligations related to public announcements, confidentiality, fees and expenses, termination, waiver of claims against the trust, and certain general provisions will continue in effect), and no party will have any further liability to any other party thereto except for (i) liability for any willful breach of the Merger