Company: RGNT
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061821
Chunk: 162

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-07-07
Form: F-1/A
Chunk 162
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 determined that we require at least two directors with the requisite financial and accounting expertise.
The board of directors has determined that and have the requisite financial and accounting expertise.

External Directors

Under the Companies Law,
companies incorporated under the laws of the State of Israel that are “public companies,” including companies with shares
listed on the NYSE American, are required to appoint at least two external directors.

A person may not be appointed
as an external director if the person is a relative of a controlling shareholder or if on the date of the person’s appointment
or within the preceding two years the person or his or her relatives, partners, employers or anyone to whom that person is subordinate,
whether directly or indirectly, or entities under the person’s control have or had any affiliation with any of the following, or
an affiliated entity: (1) us; (2) any person or entity controlling us on the date of such appointment; (3) any relative of a controlling
shareholder; or (4) any entity controlled, on the date of such appointment or within the preceding two years, by us or by a controlling
shareholder. If there is no controlling shareholder or any shareholder holding 25% or more of voting rights in the company, a person
may not be appointed as an external director if the person has any affiliation to the chairman of the board of directors, the chief executive
officer (referred to in the Companies Law as a general manager), any shareholder holding 5.0% or more of the company’s shares or
voting rights or the most senior financial officer as of the date of the person’s appointment.

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The term “controlling
shareholder” means a shareholder with the ability to direct the activities of the company, other than by virtue of being an office
holder. A shareholder is presumed to have “control” of the company and thus to be a controlling shareholder of the company
if the shareholder holds 50% or more of the “means of control” of the company. “Means of control” is defined
as (1) the right to vote at a general meeting of a company or a corresponding body of another corporation; or (2) the right to appoint
directors of the corporation or its general manager. For the purpose of approving related-party transactions, the term also includes
any shareholder that holds 25% or more of the voting rights of the company if the company has no shareholder that owns more than 50%
of