Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 81

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 81
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 the Initial Closing Date combines (by any stock split, stock dividend, recapitalization
or otherwise) one or more classes of its outstanding shares of Common Shares into a greater number of shares, the Conversion Ratio for
any unconverted shares in effect immediately prior to such subdivision will be proportionately increased. Without limiting any provision
of Section 4.30(b), with respect to any unconverted shares, if the Company at any time on or after the Initial Closing Date combines (by
combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Shares into a smaller number of
shares, the Conversion Ratio for any unconverted shares in effect immediately prior to such combination will be proportionately reduced.
Any adjustment pursuant to this Section 4.30(b) shall become effective immediately after the effective date of such subdivision or combination.
If any event requiring an adjustment under this Section 4.30(b) occurs during the period that a Conversion Price is calculated hereunder,
then the calculation of such Conversion Price shall be adjusted appropriately to reflect such event.

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(ii) . The Company shall not enter into or be party to a Fundamental Transaction unless: (i) the Successor Entity assumes
in writing all of the obligations of the Company under this Agreement in accordance with the provisions of this Section 4.30(b)(ii) pursuant
to written agreements in form and substance satisfactory to the Majority In Interest and approved by the Majority In Interest prior to
such Fundamental Transaction, including agreements to deliver to each Purchaser of Preferred Shares in exchange for such Preferred Shares
a security of the Successor Entity evidenced by a written instrument substantially similar in form and substance to this Agreement, including,
without limitation, having a dividend rate equal to dividend rate of the Preferred Shares held by the Purchasers and having similar ranking
to the Preferred Shares, and reasonably satisfactory to the Majority In Interest and (ii) the Successor Entity (including its Parent
Entity) is a publicly traded Company whose shares of Common Shares are quoted on or listed for trading on an Trading Market. Upon the
occurrence of any Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that from and after the date
of such Fundamental Transaction, the provisions of this Agreement referring to the “Company” shall refer instead to the Successor
Entity), and may exercise every right and power of the Company and shall assume all of the obligations of the Company under this Agreement
with the same effect