Company: RGNT
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061821
Chunk: 167

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-07-07
Form: F-1/A
Chunk 167
---
. Pini Ben-Elazar, and Mr. Cohen-Arazi. Mr. Cohen-Arazi will serve as the chairperson of the
committee. Each member of our audit committee will be independent as such term is defined in Rule 10A-3 under the Exchange Act, and each
member of our audit committee will satisfy the additional requirements applicable under the NYSE American Rules to members of audit committees.
Our board of directors has determined that each of Mr. Keith Valentine and Dr. Susan Alpert is an “audit committee financial expert”
as defined by the SEC rules and has the requisite financial experience as defined by the NYSE American Rules.

Under the NYSE American Rules,
we are required to maintain an audit committee consisting of at least three independent directors, all of whom are financially literate
and one of whom has accounting or related financial management expertise.

The audit committee must
be comprised of at least three directors, including all of the external directors, one of whom must serve as chairman of the committee.
Under the Companies Law, the audit committee may not include the chairman of the board of directors, a controlling shareholder of the
company or a relative of a controlling shareholder, a director employed by or providing services on a regular basis to the company, to
a controlling shareholder or to an entity controlled by a controlling shareholder or a director most of whose livelihood depends on a
controlling shareholder.

<div align='center'>98</div>

In addition, as explained
above, under the Companies Law, the audit committee of a publicly traded company must consist of a majority of unaffiliated directors.
In general, an “unaffiliated director” under the Companies Law is defined as either an external director or as a director
who meets the following criteria:

| ● | he or she meets the qualifications                                                                                               
 for being appointed as an external director, except for the requirement that the director be an Israeli resident (which does not 
 apply to companies whose securities have been offered outside of Israel or are listed outside of Israel); and                    |

| ● | he or she has not served                                                                                                          
 as a director of the company for a period exceeding nine consecutive years, provided that, for this purpose, a break of less than 
 two years in service shall not be deemed to interrupt the continuation of the service.                                            |

The Companies Law further
requires that generally, any person who does not qualify to be a member of the audit committee may not attend the audit committee’s
meetings and voting sessions, unless such person was