Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 11

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 11
---
 Liens are not secured by assets of the Company or its Subsidiaries other than the assets so
acquired or leased and not in excess of the value of such assets; and Liens incurred in connection with Permitted Indebtedness under clause
(d) thereunder, provided that such Liens are not secured by assets of the Company or its Subsidiaries other than the assets so acquired
and not in excess of the value of such assets. Upon the expiration of the Liens of such other lenders, such assets and the proceeds thereof
shall automatically be, subject to a senior security interest in favor of Lender and Other Lenders, “Collateral” under the
Security Agreement, and Lender is authorized at that time to file or amend any filed financing statement(s) to reflect that change.

“”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company,
joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

“”
shall have the meaning ascribed to such term in Section 3.1(hh).

“”
shall mean the Preferred Shares of the Company to be issued pursuant to this Agreement as set forth in the Amended and Restated Articles
of Association and this Agreement.

“”
shall have the meaning ascribed to such term in Section 4.17(b).

“”
means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding,
such as a deposition), whether commenced or threatened.

“”
shall have the meaning ascribed to such term in Section 4.17(e).

“” shall have the meaning ascribed to such term in Section 4.3(b).

“” shall have the meaning ascribed to such term in Section 4.3(b).

“”
shall have the meaning ascribed to such term in Section 4.10.

“” means the Registration Rights Agreement, dated on or about the date hereof, among the Company and the Purchasers,
in the form of attached hereto.

“”
means a registration statement meeting the requirements set forth in the Registration Rights Agreement and covering the resale of the
Underlying Shares by each Purchaser as provided for in the Registration Rights Agreement.

“”
shall have the meaning ascribed to such term in Section 3.1(e).

“”
means, as of any date, 100% of the maximum aggregate number of Common Shares then issued