Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 34

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 34
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 shareholder,
member or partner, in each case in excess of $120,000 other than for (i) payment of salary or consulting fees for services rendered, (ii)
reimbursement for expenses incurred on behalf of the Company and (iii) other employee benefits, including share option agreements under
any share option plan of the Company.

(s) . No
brokerage, finder’s fees, commissions or due diligence fees are or will be payable by the Company or any Subsidiary to any broker,
financial advisor or consultant, finder, placement agent, investment banker, bank or other Person with respect to the transactions contemplated
by the Transaction Documents. The Purchasers shall have no obligation with respect to any such fees or with respect to any claims made
by or on behalf of other Persons for fees of a type contemplated in this Section 3.1(s) that may be due in connection with the transactions
contemplated by the Transaction Documents.

(t) .
The Company is not, and is not an Affiliate of, and immediately after receipt of payment for the Securities, will not be or be an Affiliate
of, an “investment company” within the meaning of the Investment Company Act of 1940, as amended. The Company shall conduct
its business in a manner so that it will not become an “investment company” subject to registration under the Investment Company
Act of 1940, as amended.

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(u) .
Except as described in the SEC Reports, no Person has any right to cause the Company or any Subsidiary to effect the registration under
the Securities Act of any securities of the Company or any Subsidiary, except for the Purchasers.

(v) . As
of the date of this Agreement and the Initial Closing Date, the Company nor any Subsidiary is or has ever been a “shell company”
(as defined in Rule 405 of the Securities Act).

(w) .
The Company and the Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that: (i)
transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as
necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability, (iii) access to
assets is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability
for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any