Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 59

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 59
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 the
last day of the calendar month during which such Public Information Failure Payments are incurred and (ii) the fifth (5)
Business Day after the event or failure giving rise to the Public Information Failure Payments is cured. In the event the Company fails
to make Public Information Failure Payments in a timely manner, such Public Information Failure Payments shall bear interest at the rate
of 1.5% per month (prorated for partial months) until paid in full. Nothing herein shall limit such Purchaser’s right to pursue
actual damages for the Public Information Failure, and such Purchaser shall have the right to pursue all remedies available to it at law
or in equity including, without limitation, a decree of specific performance and/or injunctive relief.

4.4 . The
Company shall not sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in Section
2 of the Securities Act) that would be integrated with the offer or sale of the Securities in a manner that would require the registration
under the Securities Act of the sale of the Securities or that would be integrated with the offer or sale of the Securities for purposes
of the rules and regulations of any Trading Market such that it would require shareholder approval prior to the closing of such other
transaction or to effectuate such other transaction unless shareholder approval is obtained before the earlier of the closing of such
subsequent transaction or effectuation of such other transaction.

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4.5 .
The form of Conversion Notice annexed hereto as Exhibit F sets forth the totality of the procedures required of the Purchasers in order
to convert the Preferred Shares. Without limiting the preceding sentences, no ink-original Conversion Notice shall be required, nor shall
any medallion guarantee (or other type of guarantee or notarization) of any Notice of Conversion form be required in order to convert
the Preferred Shares. Other than the duly executed Conversion Notice, no additional legal opinion, other information, instructions, consent
of the Board of Directors, consent of the Company’s shareholders, consent of Nasdaq Capital Market, or any other approval or precondition
shall be required for the Purchasers to convert their Preferred Shares. The Company shall honor conversions of the Preferred Shares and
exercises of the Warrants and shall deliver Underlying Shares in accordance with the terms, conditions and time periods set forth in the
Transaction Documents.

4.6 . The Company shall (a) not later than the Business Day following