Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 153

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 153
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 Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium, liquidation, conservatorship, receivership or similar laws relating to, or affecting generally
the enforcement of, creditor’s rights and remedies or by other equitable principles of general application (including any limitation
of equitable remedies).

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Section 5.4. Capitalization
The Company has a capitalization as set forth in the Commission Documents (as applicable) as of the dates reflected therein. Except as
set forth in the Commission Documents and this Agreement, there are no (i) agreements or arrangements under which the Company is obligated
to register the sale of any securities under the Securities Act or (ii) Common Shares that are entitled to preemptive rights. Except for
customary transfer restrictions contained in agreements entered into by the Company to sell restricted securities or as set forth in the
Commission Documents, the Company is not a party to, and it has no knowledge of, any agreement restricting the voting or transfer of any
shares of the capital stock of the Company. Except as set forth in the Commission Documents, there are no securities or instruments containing
anti-dilution or similar provisions that will be triggered by this Agreement or any of the other Transaction Documents or the consummation
of the transactions described herein or therein. The Company has filed with the Commission true and correct copies of the Company’s
memorandum of association as in effect on the Closing Date, and the Company’s by-laws as in effect on the Closing Date.

Section 5.5. Issuance of Shares. The Shares, if and when issued and sold against payment therefor in accordance with this Agreement, shall be validly
issued and outstanding, fully paid and non-assessable and free from all liens, charges, taxes, security interests, encumbrances, rights
of first refusal, preemptive or similar rights and other encumbrances with respect to the issue thereof, and the Investor shall be entitled
to all rights accorded to a holder of Common Shares. At or prior to the delivery of any VWAP Purchase Notice, the Company shall have duly
authorized and reserved sufficient Common Shares (such share amount, the “Share Cap”) to allow issuance and sale as
Shares to the Investor pursuant to such VWAP Purchase Notice and shall make sure that this will be the case at the time of each VWAP