Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 168

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 168
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 the Commission Documents, no tax
deficiency has been determined adversely to the Company or any of its Subsidiaries which has had, or would have, individually or in the
aggregate, a Material Adverse Effect. The Company has no knowledge of any federal, state or other governmental tax deficiency, penalty
or assessment which has been or might be asserted or threatened against it which would have a Material Adverse Effect.

Section 5.28. Employee Benefits. To the knowledge of the Company, each material employee benefit plan that is maintained, administered or contributed
to by the Company or any of its Subsidiaries for employees or former employees of the Company and any of its Subsidiaries has been maintained
in material compliance with its terms and the requirements of any applicable statutes, orders, rules and regulations, no prohibited transaction
has occurred which would result in a Material Adverse Effect with respect to any such plan excluding transactions effected pursuant to
a statutory or administrative exemption; and for each such, except as would not reasonably be expected to have a Material Adverse Effect,
the minimum funding standards applicable thereto have been satisfied and the fair market value of the assets of each such plan (excluding
for these purposes accrued but unpaid contributions) exceeds the present value of all benefits accrued under such plan determined using
reasonable actuarial assumptions.

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Section 5.29. Stock Transfer Taxes. All Swiss and U.S. stock transfer taxes which are required to be paid in connection with the sale and transfer
of the Shares to be sold hereunder will be, or will have been, fully paid or provided for by the Company and all laws imposing such taxes
will be or will have been fully complied with provided the sale and transfer is effected within the facilities of DTC.

Section 5.30. Insurance.
The Company and each of its Subsidiaries carry, or are covered by, insurance in such amounts and covering such risks as the Company and
each of its Subsidiaries reasonably believe are adequate for the conduct of their properties and as is customary for companies engaged
in similar businesses in similar industries.

Section 5.31. Exemption from Registration. Subject to, and in reliance on, the representations, warranties and covenants made herein by the Investor,
the offer and sale of the Shares in accordance with the terms and conditions of this Agreement is exempt from the registration requirements
of the Securities Act pursuant to Section 4(a)(2), Regulation S or Rule