Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 145

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 145
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 Trading Day next following the Trading Day on which the Investor shall have received all of such Shares as DWAC
Shares, but not later than 5:00 p.m., New York City time, on such next Trading Day. If the Investor fails to pay the VWAP Purchase Amount
when due, the Investor will return the DWAC Shares to the Company. If the Company or the Transfer Agent shall fail for any reason to deliver
to the Investor, as DWAC Shares, any Shares purchased by the Investor in a VWAP Purchase prior to 4:30 p.m., New York City time, on the
Trading Day immediately following the applicable VWAP Purchase Share Delivery Date for such VWAP Purchase, and if after such Trading Day
the Investor purchases (in an open market transaction or otherwise) Common Shares to deliver in satisfaction of a sale by the Investor
of such Shares that the Investor anticipated receiving from the Company on such VWAP Purchase Share Delivery Date in respect of such VWAP
Purchase, then the Company shall, within one (1) Trading Day after the Investor’s request, either (i) pay cash to the Investor in
an amount equal to the Investor’s total purchase price (including brokerage commissions, if any) for the Common Shares so purchased
(the “Cover Price”), at which point the Company’s obligation to deliver such Shares as DWAC Shares shall
terminate, or (ii) promptly honor its obligation to deliver to the Investor such Shares as DWAC Shares and pay cash to the Investor in
an amount equal to the excess (if any) of the Cover Price over the VWAP Purchase Amount; provided, that Investor agrees to use
its commercially reasonable efforts to purchase Common Shares in respect of the Cover Price only in normal brokerage transactions at the
prevailing price per Common Share then available. The Company shall not issue any fraction of a share of Common Shares to the Investor
in connection with any VWAP Purchase effected pursuant to this Agreement. If the issuance would result in the issuance of a fraction of
a share of Common Shares, the Company shall round such fraction of a share of Common Shares up to the nearest whole share. All payments
to be made by the Investor pursuant to this Agreement shall be made by wire transfer of immediately available funds in United States dollars
to such account as the Company may from time to time designate by written notice to the Investor in accordance with the provisions of
this Agreement.

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Section 3.3. Compliance with Rules of Principal