Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 111

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 111
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 Statement covering all of the Registrable Securities required to be covered thereby and required to be filed by the
Company pursuant to this Agreement is (A) not filed with the SEC on or before the applicable Filing Deadline (a “Filing Failure”)
or (B) not declared effective by the SEC on or before the applicable Effectiveness Deadline, (an “Effectiveness Failure”)
or (iii) on any day after the applicable Effective Date, sales of all of the Registrable Securities required to be included on such Registration
Statement cannot be made (other than during an Allowable Grace Period (as defined in Section 3(r))) pursuant to such Registration Statement
or otherwise (including, without limitation, because of the suspension of trading or any other limitation imposed by an Eligible Market,
a failure to keep such Registration Statement effective, a failure to disclose such information as is necessary for sales to be made
pursuant to such Registration Statement, a failure to register a sufficient number of Common Shares or a failure to maintain
the listing of the Common Shares) (a “Maintenance Failure” and collectively with a Registration Failure, a Filing
Failure, and an Effectiveness Failure, the “Failures” and each a “Failure”), then, as partial relief
for the damages to any holder by reason of a Failure (which remedy shall not be exclusive of any other remedies available at law or in
equity, including, without limitation, specific performance or the additional obligation of the Company to register any Cutback Shares),
the Company shall pay to each holder of Registrable Securities relating to such Registration Statement an amount in cash equal to one
percent (1.0%) of the aggregate Subscription Amount (as defined in the Securities Purchase Agreement) of such Investor's Registrable
Securities whether or not included in such Registration Statement, on each of the following dates: (i) the day of a Registration Failure,
(ii) the day of a Filing Failure; (iii) the day of an Effectiveness Failure; (iv) the initial day of a Maintenance Failure; (v) on the
thirtieth day after the date of a Registration Failure and every thirtieth day thereafter (pro-rated for periods totaling less than thirty
days) until such Registration Failure is cured; (vi) on the thirtieth day after the date of a Filing Failure and every thirtieth day
thereafter (pro-rated for periods totaling less than thirty days) until such Filing Failure is cured;