Company: RGNT
Filing Date: 2025-02-12
Form Type: DRS/A
Source: 0001213900-25-012299
Chunk: 160

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-02-12
Form: DRS/A
Chunk 160
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 reason
of his or her education, professional experience and skill, has a high level of proficiency in and understanding of business
accounting matters and financial statements. He or she must be able to thoroughly comprehend the financial statements of the listed
company and initiate debate regarding the manner in which financial information is presented. In determining the number of directors
required to have such expertise, the board of directors must consider, among other things, the type and size of the company and the
scope and complexity of its operations. Our board of directors has determined that we require at least two directors with
the requisite financial and accounting expertise. The board of directors has determined that and have the requisite financial
and accounting expertise.

External Directors

Under the Companies Law, companies
incorporated under the laws of the State of Israel that are “public companies,” including companies with shares listed on
the Nasdaq Capital Market, are required to appoint at least two external directors.

<div align='center'>97</div>

A person may not be appointed
as an external director if the person is a relative of a controlling shareholder or if on the date of the person’s appointment or
within the preceding two years the person or his or her relatives, partners, employers or anyone to whom that person is subordinate, whether
directly or indirectly, or entities under the person’s control have or had any affiliation with any of the following, or an affiliated
entity: (1) us; (2) any person or entity controlling us on the date of such appointment; (3) any relative of a controlling shareholder;
or (4) any entity controlled, on the date of such appointment or within the preceding two years, by us or by a controlling shareholder.
If there is no controlling shareholder or any shareholder holding 25% or more of voting rights in the company, a person may not be appointed
as an external director if the person has any affiliation to the chairman of the board of directors, the chief executive officer (referred
to in the Companies Law as a general manager), any shareholder holding 5.0% or more of the company’s shares or voting rights or
the most senior financial officer as of the date of the person’s appointment.

The term “controlling
shareholder” means a shareholder with the ability to direct the activities of the company, other than by virtue of being an office
holder. A shareholder is presumed to have “control” of the company and thus to be a controlling shareholder of the company
if the shareholder holds