Company: RGNT
Filing Date: 2025-03-11
Form Type: F-1
Source: 0001213900-25-022350
Chunk: 165

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-03-11
Form: F-1
Chunk 165
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 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.

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 invited by the chairperson of the committee for the purpose of presenting on a specific
subject; provided, however, that an employee of the company who is not the controlling shareholder or a relative of a controlling shareholder
may attend the discussions of the committee, provided that any resolutions approved at such meeting are voted on without his or her presence.
A company’s legal advisor and company secretary who are not the controlling shareholder or a relative of a controlling shareholder
may attend the meeting and voting sessions, if required by the committee.

The quorum required for the
convening of meetings of the audit committee and for adopting resolutions by the audit committee is a majority of the members of the
audit committee, provided such majority is comprised of a majority of independent directors, at least one of whom is an external director.

Approval of transactions with related parties

Under the Companies Law,
the approval of the audit committee is required to effect specified actions and transactions with office holders and controlling shareholders
and their relatives, or in which they have a personal interest. See “Management—Fiduciary duties and approval of specified
related party transactions under Israeli law.” The audit committee may not approve an action or a transaction with a controlling