Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 40

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 40
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 amended, applicable money laundering statutes
and applicable rules and regulations thereunder (collectively, the “”), and no action, suit or
proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any Subsidiary
with respect to the Money Laundering Laws is pending or, to the knowledge of the Company or any Subsidiary, threatened.

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(ii) .
Each share option granted by the Company under the Company’s Share Option Plan was granted (i) in accordance with the terms of the
Company’s Share Option Plan and (ii) with an exercise price at least equal to the fair market value of the Common Shares on the
date such share option would be considered granted under GAAP and applicable law. No share option granted under the Company’s Share
Option Plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly
grant, share options prior to, or otherwise knowingly coordinate the grant of share options with, the release or other public announcement
of material information regarding the Company or its Subsidiaries or their financial results or prospects.

(jj) . Neither the Company nor any Subsidiary nor, to the Company's knowledge, any director, officer, agent, employee or affiliate
of the Company is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department
(“”).

(kk) .
Assuming the accuracy of the Purchasers’ representations and warranties set forth in Section 3.2, no registration under the Securities
Act is required for the offer and sale of the Securities by the Company to the Purchasers as contemplated hereby. The issuance and sale
of the Securities hereunder does not contravene the rules and regulations of any Trading Market upon which the Company’s securities
are traded or listed.

(ll) .
Neither the Company nor any person acting on behalf of the Company has offered or sold any of the Securities by any form of general solicitation
or general advertising. The Company has offered the Securities for sale only to the Purchasers.

(mm) .
As of the date hereof, all Indebtedness and Liens of the Company and the principal terms thereof are set forth on .
After each Closing, the Company will not be overindebted or suffering from capital loss within the meaning of article 725a and 725b of