Company: RGNT
Filing Date: 2025-10-24
Form Type: F-1/A
Source: 0001213900-25-101900
Chunk: 163

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-10-24
Form: F-1/A
Chunk 163
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 or any entity under the person’s control has a business or professional relationship
with any entity that has an affiliation with any affiliated entity, even if such relationship is intermittent (excluding insignificant
relationships). Additionally, any person who has received compensation intermittently (excluding insignificant relationships) other than
compensation permitted under the Companies Law may not continue to serve as an external director.

No person can serve as an
external director if the person’s position or other affairs create, or may create, a conflict of interest with the person’s
responsibilities as a director or may otherwise interfere with the person’s ability to serve as a director or if such a person
is an employee of the Israeli Securities Authority or of an Israeli stock exchange. If at the time an external director is appointed
all current members of the board of directors, who are not controlling shareholders or relatives of controlling shareholders, are of
the same gender, then the external director to be appointed must be of the other gender. In addition, a person who is a director of a
company may not be elected as an external director of another company if at the same time a director from another company is serving
as an external director in the company.

According to regulations
promulgated under the Companies law, at least one of the external directors is required to have “financial and accounting expertise,”
unless another member of the audit committee, who is an independent director under the NYSE American rules, has “financial and
accounting expertise,” and the other external director or directors are required to have “professional expertise.”
An external director may not be appointed to an additional term unless: (1) such director has “accounting and financial expertise;”
or (2) he or she has “professional expertise,” and on the date of appointment for another term there is another external
director who has “accounting and financial expertise” and the number of “accounting and financial experts” on
the board of directors is at least equal to the minimum number determined appropriate by the board of directors.

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The regulations promulgated
under the Companies Law define an external director with requisite professional qualifications as a director who satisfies one of the
following requirements: (1) the director holds an academic degree in either economics, business administration, accounting, law or public
administration, (2) the director either holds an academic degree in any other field or has completed another form of higher education
in the company’s primary field of business or in an area which is