Company: RGNT
Filing Date: 2025-02-12
Form Type: DRS/A
Source: 0001213900-25-012299
Chunk: 165

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-02-12
Form: DRS/A
Chunk 165
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 serving on the board of directors.

External directors may be
compensated only in accordance with regulations adopted under the Companies Law.

Committees of the Board of Directors

Audit Committee

We have established an audit
committee to be effective as of the effective time of the registration statement to which this prospectus relates. The members of this
committee will be Mr. Keith Valentine, Mr. 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 Nasdaq Marketplace 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 Nasdaq Marketplace Rules.

Under the Nasdaq Marketplace
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.

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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.

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