Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 71

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 71
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 non-public information with respect to the Company or any of its Subsidiaries.

4.18 . The Company shall not effect exercise of the rights granted in Sections 4.17 and 4.23 of this Agreement, and
a Purchaser shall not have the right to exercise any portion of such rights granted in Sections 4.17 and 4.23 only to the extent that
after giving effect to such exercise, the Purchaser, would beneficially own in excess of the Beneficial Ownership Limitation. In such
event the right by Purchaser to benefit from such rights or receive shares in excess of the Beneficial Ownership Limitation shall be held
in abeyance until such times as such excess shares shall not exceed the Beneficial Ownership Limitation, provided the Purchaser complies
with the Purchaser’s other obligations in connection with the exercise by Purchaser of its rights pursuant to Sections 4.17 and
4.23. The Purchaser shall not exceed the Beneficial Ownership Limitation and shall not instruct the Company to issue Shares to the Purchaser
in excess of the Beneficial Ownership Limitation.

4.19 .
The Company shall and shall cause each Subsidiary to keep all of its property, which is necessary or useful to the conduct of its business,
in good working order and condition, ordinary wear and tear excepted and insured by insurers of recognized financial responsibility against
such losses and risks and in such amounts as are prudent and customary for the businesses of the Company and Subsidiary. From and after
the Initial Closing Date and for so long as any Securities are held by a Purchaser, the Company will maintain directors and officers insurance
coverage at least equal to the aggregate Subscription Amount.

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4.20 . The Company and each Subsidiary shall preserve and maintain its corporate existence, rights, privileges and franchises
in the jurisdiction of its incorporation, and qualify and remain qualified, as a foreign entity in each jurisdiction in which such qualification
is necessary in view of its business or operations and where the failure to qualify or remain qualified might reasonably have a Material
Adverse Effect upon the financial condition, business or operations of the Company and each Subsidiary taken as a whole.

4.21 . At
all times that Securities are outstanding, the Company shall employ as the transfer agent for its Common Shares and Underlying Shares
a participant in the Depository Trust Company Automated Securities Transfer Program and cause the Common Shares and Under