Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 65

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 65
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 the Company’s reporting, filing and other obligations under the bylaws or
rules of the Trading Market. In the event the aforementioned listing is not continuously maintained for five (5) years after the final
Closing Date and for so long as Securities are outstanding (a “”), then in addition to any other rights
the Purchasers may have hereunder or under Applicable Law, on the first day of a Listing Default and on each monthly anniversary of each
such Listing Default date (if the applicable Listing Default shall not have been cured by such date) until the applicable Listing Default
is cured, the Company shall pay to each Purchaser an amount in cash, as partial liquidated damages and not as a penalty, equal to 2% of
the Fair Market Value of the Underlying Shares held by or issuable to such Purchaser on the day of a Listing Default and on every thirtieth
day (pro-rated for periods less than thirty days) thereafter until the date such Listing Default is cured. If the Company fails to pay
any liquidated damages pursuant to this Section 4.11 in a timely manner, the Company will pay interest thereon at a rate of 1.5% per month
(pro-rated for partial months) to the Purchaser.

(c) The Company agrees to maintain
the eligibility of the Common Shares for electronic transfer through the Depository Trust Company or another established clearing corporation,
including, without limitation, by timely payment of fees to the Depository Trust Company or such other established clearing corporation
in connection with such electronic transfer.

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4.12 . The Company
agrees to timely file a Form D with respect to the Securities as required under Regulation D and to provide a copy thereof, promptly upon
request of any Purchaser. The Company shall take such action as the Company shall reasonably determine is necessary in order to obtain
an exemption for, or to qualify the Securities for, sale to the Purchasers at a Closing under Applicable Law, including “Blue Sky”
laws of the states of the United States, and shall provide evidence of such actions promptly upon request of any Purchaser.

4.13 . From the date hereof until the such time as the Preferred Shares are no longer outstanding, the Company will not, without the
consent of a Majority in Interest, enter into any Equity Line of Credit or similar agreement, issue or agree to issue floating or Variable
Priced Equity Linked Instruments nor issue or agree to issue any of