Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 69

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 69
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”). Upon the request of a Purchaser,
and only upon a request by such Purchaser, for a Subsequent Financing Notice, the Company shall promptly, but no later than one (1) Trading
Day after such request, deliver a Subsequent Financing Notice to such Purchaser. The requesting Purchaser shall be deemed to have acknowledged
that the Subsequent Financing Notice may contain material non-public information. The Subsequent Financing Notice shall describe in reasonable
detail the proposed terms of such Subsequent Financing, the amount of proceeds intended to be raised thereunder and the Person or Persons
through or with whom such Subsequent Financing is proposed to be effected and shall include a term sheet or similar document relating
thereto as an attachment.

(c) Any Purchaser
desiring to participate in such Subsequent Financing must provide written notice to the Company by not later than 5:30 p.m. (New York
City time) on the fifth (5) Trading Day after all of the Purchasers have received the Pre-Notice that the Purchaser is willing
to participate in the Subsequent Financing, the amount of such Purchaser’s participation, and representing and warranting that such
Purchaser has such funds ready, willing, and available for investment on the terms set forth in the Subsequent Financing Notice. If the
Company receives no such notice from a Purchaser as of such tenth (10) Trading Day, such Purchaser shall be deemed to have
notified the Company that it does not elect to participate.

<div align='center'>36</div>

(d) If by 5:30 p.m.
(New York City time) on the fifth (5) Trading Day after all of the Purchasers have received the Pre-Notice, notifications
by the Purchasers of their willingness to participate in the Subsequent Financing (or to cause their designees to participate) is, in
the aggregate, less than the total amount of the Subsequent Financing, then the Company may affect the remaining portion of such Subsequent
Financing on the terms and with the Persons set forth in the Subsequent Financing Notice and the Purchasers shall simultaneously affect
their portion of such Subsequent Financing as set forth in their notifications to the Company consistent with the terms set forth in the
Subsequent Financing Notice.

(e) If by 5:30 p.m.
(New York City time) on the tenth (10) Trading Day after all of the Purchasers have received the Pre-Notice, the Company
receives responses to a Sub