Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 142

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 142
---
 best efforts to prepare and, as soon
as practicable, file with the Commission the Initial Registration Statement and any New Registration Statement covering only the resale
by the Investor of the Registrable Securities in accordance with the Securities Act. At or before 5:30 p.m. (New York City time) on the
second (2nd) Trading Day immediately following the Effective Date of the Initial Registration Statement and any New Registration Statement
(or any post-effective amendment thereto), the Company shall use its reasonable best efforts to file with the Commission in accordance
with Rule 424(b) under the Securities Act the final Prospectus to be used in connection with resales pursuant to such Registration Statement
(or post-effective amendment thereto).

<div align='center'>2

ARTICLE III

PURCHASE TERMS</div>

Subject to the satisfaction
of the conditions set forth in Article VII, the parties agree as follows:

Section 3.1. VWAP Purchases.
Upon the initial satisfaction of all of the conditions set forth in Section 7.1 (the “Commencement” and the
date of initial satisfaction of all of such conditions, the “Commencement Date”) and from time to time thereafter,
subject to the satisfaction of all of the conditions set forth in Section 7.2, the Company shall have the right, but not the obligation,
to direct the Investor, by its timely delivery to the Investor of a VWAP Purchase Notice, in substantially the form attached hereto as
, after 6:00 a.m., New York City time, but prior to 9:00 a.m., New York City time, on a VWAP Purchase Date, to purchase
a number of Common Shares equal to the VWAP Purchase Share Request at the applicable VWAP Purchase Price therefor on such VWAP Purchase
Date in accordance with this Agreement (each such purchase, a “VWAP Purchase”). In addition, the Investor may,
in its sole discretion, accept a VWAP Purchase Notice after 9:00 a.m., New York City time, on a VWAP Purchase Date, provided that such
acceptance, once provided, shall be irrevocable and binding and the Company’s obligation to deliver the shares that are the subject
of such VWAP Purchase Notice shall be binding; provided that, if the Investor does not accept a VWAP Purchase Notice that is delivered
after 9:00 a.m., New York City time, such VWAP Purchase Notice shall be deemed to be null and