Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 223

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 223
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 Authority.

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“Fundamental Transaction”
shall mean that (i) the Company shall, directly or indirectly, in one or more related transactions, (1) consolidate or merge with or into
(whether or not the Company is the surviving corporation) another Person, with the result that the holders of the Company’s capital
stock immediately prior to such consolidation or merger together beneficially own less than 50% of the outstanding voting power of the
surviving or resulting corporation, or (2) sell, lease, license, assign, transfer, convey or otherwise dispose of all or substantially
all of the properties or assets of the Company to another Person, or (3) take action to facilitate a purchase, tender or exchange offer
by another Person that is accepted by the holders of more than 50% of the outstanding Common Shares (excluding any Common Shares held
by the Person or Persons making or party to, or associated or affiliated with the Persons making or party to, such purchase, tender or
exchange offer), or (4) consummate a stock or share purchase agreement or other business combination (including, without limitation, a
reorganization, recapitalization, spin-off or scheme of arrangement) with another Person whereby such other Person acquires more than
50% of the outstanding Common Shares (not including any Common Shares held by the other Person or other Persons making or party to, or
associated or affiliated with the other Persons making or party to, such stock or share purchase agreement or other business combination),
or (5) reorganize, recapitalize or reclassify its Common Shares, or (ii) any “person” or “group” (as these terms
are used for purposes of Sections 13(d) and 14(d) of the Exchange Act) is or shall become the “beneficial owner” (as defined
in Rule 13d-3 under the Exchange Act), directly or indirectly, of 50% of the aggregate ordinary voting power represented by issued and
outstanding Common Shares.

“GAAP” shall have the
meaning assigned to such term in Section 5.7(b) of this Agreement.

“GDPR” shall have the
meaning assigned to such term in Section 5.38(a) of this Agreement.

“Governmental Authority”
shall mean (i) any federal, provincial, state, local, municipal, national or international government or governmental authority, regulatory
or administrative agency, governmental commission, department, board,