Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 16

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 16
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 Company or its designee for its exclusive disposition.

2.5 .
The Initial Closing is subject to the condition precedent that the number of Preferred Shares to be sold, transferred and delivered to
the Purchasers on the Initial Closing Date, is covered by the number of Preferred Shares that may be newly issued by the Company upon
the implementation of the ordinary capital increase as resolved by the Company's extraordinary general meeting on January 14, 2025, and
the Capital Increase is duly registered with the commercial register of the canton of Zurich. Upon satisfaction of the covenants and conditions
set forth in Sections 2.2 and 2.3, the Initial Closing shall occur remotely via the exchange of documents and signatures or such other
location as the parties shall mutually agree. On the Initial Closing Date, the Company shall deliver to each Purchaser its respective
Preferred Shares as determined pursuant to Section 2.2(a), and the Company and each Purchaser shall deliver the other items set forth
in Section 2.6 deliverable at the Initial Closing.

2.6 .

(a) On or prior to the Initial
Closing Date, the Company shall procure that (i) the following documents be delivered, in each case duly executed and substance satisfactory
to the Purchasers, and (ii) the following actions be performed:

(i) a written capital payment
confirmation from a Swiss bank evidencing that Purchaser’s Initial Closing Subscription Amount as set forth on the signature page
hereto has been paid in cash and fully credited to the Company's blocked bank account specified in Exhibit E;

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(ii) a legal opinion of Company
Counsel and Special Swiss Company Counsel, each in the forms reasonably acceptable to the Purchaser;

(iii) the Board shall issue
its report regarding the Capital Increase pursuant to art. 652e CO;

(iv) the Company shall deliver
the auditors' report confirming the completeness and accuracy of the Board’s capital increase report;

(v) the Board of Directors
shall take the resolution on the ascertainment and the execution of the Capital Increase (Feststellungsbeschluss) in the presence
of a Swiss notary public;

(vi) the Board of Directors
shall deliver a duly signed application to the commercial register of the canton of Zurich regarding (i) the Capital Increase and the
issuance of new Securities as set forth herein and (ii) the adoption of the Amended and Restated Articles of Association (the “Application”