Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 167

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 167
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hand, and the directors, officers, trustees, managers, stockholders, partners, customers or suppliers of the Company or any of the Subsidiaries
on the other hand, which would be required by the Securities Act or the Exchange Act to be disclosed in the Commission Documents, which
is not so disclosed.

Section 5.24. Labor Disputes. The Company is not bound by or subject to any collective bargaining or similar agreement with any labor union, and,
to the knowledge of the Company, none of the employees, representatives or agents of the Company is represented by any labor union. The
Company and its Subsidiaries have complied with all employment laws applicable to employees of the Company and its Subsidiaries, except
where non-compliance with any such employment laws would not have a Material Adverse Effect. No labor disturbance by or dispute with employees
of the Company or any of its Subsidiaries exists or, to the knowledge of the Company, is threatened which would result in a Material Adverse
Effect.

Section 5.25. Use of Proceeds. The proceeds from the sale of the Shares by the Company to Investor shall be used by the Company in the manner as
will be set forth in the Prospectus included in any Registration Statement (and any post-effective amendment thereto) and any Prospectus
Supplement thereto filed pursuant to this Agreement.

Section 5.26. Investment Company Act Status. The Company is not, and as a result of the consummation of the transactions contemplated by the Transaction
Documents and the application of the proceeds from the sale of the Shares as will be set forth in the Prospectus included in any Registration
Statement (and any post-effective amendment thereto) and any Prospectus Supplement thereto filed pursuant to this Agreement the Company
will not be required to register as an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

Section 5.27. Taxes.
The Company and each of its Subsidiaries have filed all Swiss, United States federal, state, local and foreign tax returns which have
been required to be filed and paid all taxes shown thereon through the date hereof, to the extent that such taxes have become due and
are not being contested in good faith, except where the failure to so file or pay would not reasonably be expected, individually or in
the aggregate, to have a Material Adverse Effect. Except as otherwise disclosed in or contemplated by