Company: RGNT
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006676
Chunk: 290

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 290
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,000, generating minimum net proceeds to the Company of at least US $25,000 (twenty five million
U.S. dollars), subject to the consummation of such QIPO; or (ii) at the written request of the holders of at least a qualified
majority of the issued preferred shares.

<div align='center'>F-39</div>

REGENTIS BIOMATERIALS LTD.

NOTES TO FINANCIAL STATEMENTS

U.S. dollars in thousands, except share and per share data

| NOTE 10:- | TEMPORARY EQUITY (Cont.) |

| D. | Anti-dilution Protection |

If the Company issues or sells, or is
deemed by the express provisions of AOA’s subsection to have issued or sold, additional shares for an effective price which is less
than the applicable conversion price then in effect for any series of preferred share, then and in each such case, the conversion price
then in effect for such preferred shares shall be reduced, concurrently with such issue or sale, for no additional consideration, as described
in Company’s AOA.

| E. | Liquidation Preference |

In an Exit Event (IPO, or in the event
of any voluntary or involuntary liquidation, dissolution or winding up of the Company, or deemed liquidation event which is a consolidation,
merger or reorganization or a sale of all or substantially all of the Company’s assets, or substantially all of the Company’s
issued and outstanding share capital of the Company), first the holders of the convertible preferred D shares (collectively preferred
D-1 and D-2 shares) on a pari passu basis among them shall be entitled to receive from any distribution, prior to and in preference over
all other classes of equity securities, an amount per share equal to: (i) the applicable original issue price for each convertible preferred
D shares then held; plus (ii) declared but unpaid dividends if any.

Second, following payment of the Series
D Preference Amount (the applicable original issue price for each convertible preferred D share then held and declared but unpaid dividends
if any) in full, the holders of the convertible preferred B shares and the convertible preferred C shares on a pari passu basis among
them, but in priority to the convertible preferred A shares, shall be entitled to receive from any distribution, an amount per each convertible
preferred B share or convertible preferred C shares, as applicable, held thereby, prior to and in preference over the convertible preferred