Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 64

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 64
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 Shares pursuant to any conversion of Preferred
Shares and exercise of the Warrants from time to time. If, on any date, the number of authorized but unissued (and otherwise unreserved)
Preferred Shares and Common Shares is less than the Required Minimum on such date (an “”),
then the Board of Directors shall amend the Company’s Amended and Restated Articles of Association to increase the number of authorized
but unissued Preferred Shares and Common Shares to at least the Required Minimum plus such other amount as may be required for the Company’s
other purposes, and reserve the Required Minimum on behalf of the Purchaser, as soon as possible and in any event not later than the 45
day after such date. Without limiting the generality of the foregoing sentence, as soon as practicable after the date of the occurrence
of an Authorized Share Failure, but in no event later than forty-five (45) days after the occurrence of such Authorized Share Failure,
the Company shall hold a meeting of its shareholders for the approval of an increase in the number of authorized Common Shares. In connection
with such meeting, the Company shall provide each shareholder with a proxy statement and shall solicit its shareholders' approval of such
increase in authorized Common Shares and to cause its board of directors to recommend to the shareholders that they approve such proposal.
The Company will make similar reservations as described above with respect to Purchasers’ Additional Closing rights set forth in
Section 2.4 of this Agreement. The Company shall be required to effectuate such reservations pursuant to the timeline set forth above,
commencing 20 days after the Closing.

(b) The Company shall prior
to each Closing, if required to list the Underlying Shares: (i) in the time and manner required by the principal Trading Market, prepare
and file with such Trading Market an initial or additional shares listing application covering a number of Common Shares at least equal
to the Required Minimum on the date of such application, (ii) provide to the Purchasers evidence of such listing or quotation and (iii)
maintain the listing or quotation of such Common Shares on any date at least equal to the Required Minimum on such date on such Trading
Market or another Trading Market. The Company will take all action necessary to continue the listing or quotation and trading of its Common
Shares on the Nasdaq Capital Market until the later of (i) five (5) years after the final Closing Date, and (ii) for so long as the Securities
are outstanding, and will comply in all respects with