Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 73

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 73
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Issuance. The Company shall provide each Purchaser with notice of any such issuance or sale not later than ten (10) Trading Days before
such issuance or sale.

4.24 .
For so long as any Preferred Shares are outstanding, the Company will not incur any Indebtedness other than Permitted Indebtedness, without
the consent of the Majority in Interest. Additionally, the Company will not take any merchant cash advance financing while the Preferred
Shares are outstanding.

4.25 . The Company will notify the Purchasers in writing, prior to each Closing Date of (i) any Disqualification Event relating to
any Issuer Covered Person and (ii) any event that would, with the passage of time, become a Disqualification Event relating to any Issuer
Covered Person not disclosed herein.

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4.26 .
Unless otherwise stated in this Article IV, all of the Company’s undertakings, obligations and responsibilities set forth in Article
IV of this Agreement shall remain in effect for so long as any Securities remain outstanding.

4.27 . The Company shall not enter into or be party to a Fundamental Transaction unless: (i) the Successor Entity assumes in
writing all of the obligations of the Company under this Agreement and the Amended and Restated Articles of Association in accordance
with the provisions of this Section 4.27 pursuant to written agreements in form and substance satisfactory to a Majority In Interest and
approved by a Majority In Interest prior to such Fundamental Transaction, including agreements to deliver to each holder of Preferred
Shares in exchange for such Preferred Shares a security of the Successor Entity evidenced by a written instrument substantially similar
in form and substance to this this Agreement and the Amended and Restated Articles of Association, including, without limitation, having
a dividend rate equal to dividend rate of the Preferred Shares held by the Holders and having similar ranking to the Preferred Shares,
and reasonably satisfactory to a Majority In Interest and (ii) the Successor Entity (including its Parent Entity) is a publicly traded
corporation whose shares of common stock are quoted on or listed for trading on an Eligible Market. Upon the occurrence of any Fundamental
Transaction, the Successor Entity shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction,
the provisions of this Agreement and the Amended and Restated Articles of Association referring to the “Company” shall refer
instead to the Successor Entity), and may exercise