Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 76

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 76
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 in the Conversion Notice shall control in the absence of manifest or mathematical error.

(iii) .
On or before the Conversion Date, the Company shall (1) provided that (x) the Transfer Agent is participating in the Depository Trust
Company (“DTC”) Fast Automated Securities Transfer Program and (y) Common Shares to be so issued are otherwise eligible
for resale pursuant to Rule 144 promulgated under the Securities Act, credit such aggregate number of shares of Common Shares to which
such Purchaser shall be entitled to such Purchaser’s or its designee’s balance account with DTC through its Deposit/Withdrawal
at Custodian system, or (2) if either of the immediately preceding clauses (x) or (y) are not satisfied, issue and deliver (via reputable
overnight courier) to the address as specified in such Conversion Notice, a certificate, registered in the name of such Purchaser or its
designee, for the number of shares of Common Shares to which such Purchaser shall be entitled.

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(iv) . If the Company shall fail, for any reason or for no reason, to issue to a Purchaser within one (1) Trading Day
after the Company’s receipt of a Conversion Notice (whether via email or otherwise) (the “Share Delivery Deadline”),
a certificate for the number of shares of Common Shares to which such Purchaser is entitled and register such shares of Common Shares
on the Company’s share register or to credit such Purchaser’s or its designee’s balance account with DTC for such number
of shares of Common Shares to which such Purchaser is entitled upon such Purchaser’s conversion of any Preferred Shares (each as
the case may be) (a “Conversion Failure”), then, in addition to all other remedies available to such Purchaser, such
Purchaser, upon written notice to the Company, may void its Conversion Notice with respect to, and retain or have returned (each as the
case may be) any Preferred Shares that have not been converted pursuant to such Purchaser’s Conversion Notice, provided that the
voiding of a Conversion Notice shall not affect the Company’s obligations to make any payments which have accrued prior to the date
of such notice pursuant to the terms of this Agreement or otherwise. In addition to the foregoing, if within one (1) Trading Day after
the Company’s receipt of a Conversion Notice (whether via email or otherwise), the Company shall fail to issue and deliver a certificate