Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 9

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 9
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 aggregate ordinary voting power represented by issued and outstanding voting stock of the Company. Notwithstanding
anything to the contrary contained herein, the definition of Fundamental Transaction shall not include the Kadimastem Merger.

“” shall
have the meaning ascribed to such term in Section 3.1(h).

“”
shall mean Grushko & Mittman, P.C., with offices located at 1800 Rockaway Avenue, Suite 206, Hewlett, New York 11557, Attn: Edward
M. Grushko, Esq., email: ed@grushkomittman.com.

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“”
shall have the meaning ascribed to such term in Section 3.1(aa).

“”
shall mean the closing of the initial $2,000,000 of Preferred Shares, subject to meeting the Initial Closing conditions as set forth in
Section 2.3.

“”
shall mean the date upon which the Initial Closing occurs.

“” shall have the meaning ascribed to such term in Section 3.1(p).

“”
means the form of Accredited Investor Questionnaire annexed hereto as .

“”
shall have the meaning ascribed to such term in Section 3.1(oo).

“”
shall mean the proposed merger of the Company and Kadimastem Ltd substantially on the terms described in the form 6-K filed by the Company
with the Commission on July 30, 2024.

“”
shall have the meaning ascribed to such term in Section 2.2(a)(ii).

“”
shall have the meaning ascribed to such term in Section 4.1(c).

“” means
a lien, charge, pledge, security interest, encumbrance, right of first refusal, pre-emptive right or other restriction.

“”
shall have the meaning ascribed to such term in Section 4.11(b).

“”
shall have the meaning assigned to such term in Section 3.1(b).

“”
shall have the meaning ascribed to such term in Section 3.1(m).

“”
shall have the meaning ascribed to such term in Section 3.1(hh).

“” shall
have the meaning ascribed to such term in Section 3.1(jj).

“”
shall have the meaning attributed to such term in the recitals.

“”
of a Person means an entity that, directly or indirectly, controls the applicable Person and whose common stock or equivalent equity security