Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 77

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 77
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to such Purchaser and register such shares of Common Shares on the Company’s share register or credit such Purchaser’s or
its designee’s balance account with DTC for the number of shares of Common Shares to which such Purchaser is entitled upon such
Purchaser’s conversion hereunder (each as the case may be), and if on or after such first (1st) Trading Day such Purchaser (or any
other Person in respect, or on behalf, of such Purchaser) purchases (in an open market transaction or otherwise) shares of Common Shares
to deliver in satisfaction of a sale by such Purchaser of all or any portion of the number of shares of Common Shares, or a sale of a
number of shares of Common Shares equal to all or any portion of the number of shares of Common Shares, issuable upon such conversion
that such Purchaser so anticipated receiving from the Company, then, in addition to all other remedies available to such Purchaser, the
Company shall, within three (3) Trading Days after such Purchaser’s request, which request shall include reasonable documentation
of all fees, costs and expenses, and in such Purchaser’s discretion, either (i) pay cash to such Purchaser in an amount equal to
such Purchaser’s total purchase price (including brokerage commissions and other out-of-pocket expenses, if any) for the shares
of Common Shares so purchased (including, without limitation, by any other Person in respect, or on behalf, of such Purchaser) (the “Buy-In Price”), at which point the Company’s obligation to so issue and deliver such certificate or credit such Purchaser’s
balance account with DTC for the number of shares of Common Shares to which such Purchaser is entitled upon such Purchaser’s conversion
hereunder (each as the case may be) (and to issue such shares of Common Shares) shall terminate, or (ii) promptly honor its obligation
to so issue and deliver to such Purchaser a certificate or certificates representing such shares of Common Shares or credit such Purchaser’s
balance account with DTC for the number of shares of Common Shares to which such Purchaser is entitled upon such Purchaser’s conversion
hereunder (each as the case may be) and pay cash to such Purchaser in an amount equal to the excess (if any) of the Buy-In Price over
the product of (A) such number of shares of Common Shares multiplied by (B) the lowest closing sale price of the Common Shares