Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 46

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 46
---
 Material Adverse Effect; (iii) the Company and the Subsidiaries
have implemented and maintained commercially reasonable safeguards to maintain and protect its material confidential information and the
integrity, continuous operation, redundancy and security of all IT Systems and Data; and (iv) the Company and the Subsidiaries have implemented
backup and disaster recovery technology consistent with commercially reasonable industry standards and practices; except in the case of
each of clause (i), such as could not have or reasonably be expected to result in a Material Adverse Effect.

<div align='center'>24</div>

(xx) . (i) To the knowledge of the Company, the Company and its Subsidiaries are, and at all times during the last three (3)
years were, in material compliance with all Applicable Law including but not limited to state, federal and foreign data privacy and security
laws and regulations (collectively, the “”); (ii) the Company and its Subsidiaries have in place, comply
with, and take commercially reasonable steps designed to comply with their policies and procedures relating to data privacy and security
and the collection, storage, use, disclosure, handling and analysis of Personal Data (as defined below) (the “”);
“” means (i) a natural person’s name, street address, telephone number, email address, photograph,
social security number, bank information, or customer or account number; and (ii) any other piece of information that allows the identification
of such natural person, or his or her family, or permits the collection or analysis of any identifiable data related to an identified
person’s health or sexual orientation. (i) To the knowledge of the Company, none of such disclosures made or contained in any of
the Policies have been materially inaccurate, materially misleading, or deceptive in violation of any Privacy Laws and (ii) to the knowledge
of the Company, the execution, delivery and performance of the Transaction Documents will not result in a breach of any Privacy Laws or
Policies. Neither the Company nor its Subsidiaries is a party to any order, decree, or agreement by or with any court or arbitrator or
governmental or regulatory authority that imposed any obligation or liability under any Privacy Law.

(yy) .
On each Closing Date, all material stock/share transfer or other taxes (other than income taxes), including the Swiss issuance stamp duty,
which are required to be paid in connection with the sale and transfer of the Securities to be sold hereunder will be