Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 150

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 150
---
 in the Shares. Neither such inquiries nor any other due diligence investigations conducted
by the Investor or its advisors, if any, or its representatives shall modify, amend or affect the Investor’s right to rely on the
Company’s representations and warranties contained in this Agreement or in any other Transaction Document to which the Company is
a party or the Investor’s right to rely on any other document or instrument executed and/or delivered in connection with this Agreement
or the consummation of the transaction contemplated hereby. The Investor has sought such accounting, legal and tax advice as it has considered
necessary to make an informed investment decision with respect to its acquisition of the Shares. The Investor understands that it (and
not the Company) shall be responsible for its own tax liabilities that may arise as a result of this investment or the transactions contemplated
by this Agreement.

<div align='center'>7</div>

Section 4.8. No Governmental Review. The Investor understands that no United States federal or state agency or any other government or governmental
agency has passed on or made any recommendation or endorsement of the Shares or the fairness or suitability of the investment in the Shares
nor have such authorities passed upon or endorsed the merits of the offering of the Shares.

Section 4.9. No General Solicitation. The Investor is not purchasing or acquiring the Shares as a result of any form of general solicitation or
general advertising (within the meaning of Regulation D) in connection with the offer or sale of the Shares.

Section 4.10. Not an Affiliate. The Investor is not an officer, director or an Affiliate of the Company. During the Investment Period, the Investor
will not acquire for its own account any Common Shares or securities exercisable for or convertible into Common Shares, other than pursuant
to this Agreement; , , that nothing in this Agreement shall prohibit or be deemed to prohibit the Investor
from purchasing, in an open market transaction or otherwise, Common Shares necessary to make delivery by the Investor in satisfaction
of a sale by the Investor of Shares that the Investor anticipated receiving from the Company in connection with the settlement of a VWAP
Purchase if the Company or its transfer agent shall have failed for any reason (other than a failure of Investor or its Broker-Dealer
(as defined below) to set up a DWAC and required instructions) to electronically transfer all of the Shares subject to such VWAP Purchase
to the Investor on the applicable VWAP Purchase Share Delivery Date by crediting the Investor’s or its designated Broker-Dealer’s