Company: RGNT
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093302
Chunk: 266

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 266
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 2020 Notes shall be automatically be converted into such number of shares 
 of the most senior securities issued in such qualified round, based on a price per share equal to 80% of the lowest price per share    
 actually paid by any investor in the qualified round.                                                                                  |

<div align='center'>F-16</div>

REGENTIS BIOMATERIALS LTD.

NOTES TO FINANCIAL STATEMENTS

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

| NOTE 6:- | CONVERTIBLE NOTES (Cont.) |

| 2. | Automatic conversion upon occurrence of a merger and acquisition transaction – upon the closing                                     
 of merger and acquisition transaction (as defined in the 2020 CLAs), the 2020 Notes shall be automatically converted into Company’s 
 most senior securities, based on a price per share equal to 80% of the lowest price per attributed to such securities in the merger 
 and acquisition transaction.                                                                                                        |

In October 2021, the Company and 2020
CLA investors reached an agreement according to which, in connection with the raising of the 2021 Notes, the 2020 Notes will be converted
into Ordinary Shares upon the occurrence of an exit event (including an IPO or merger) of the Company based on a price per share equal
to 80% at a pre money valuation of $5,150.

On January 3, 2024, the Company extended
the due date of the 2020 Notes until April 30, 2024 and, subsequently, on April 26, 2024, further extended the due date until May 27,
2024.

| b. | In                                                                                              
 October 2024, the Company entered into an addendum to the 2020 CLAs (the “October 2024          
 CLA Addendum”) pursuant to which the Company will issue additional notes up to an additional    
 aggregate amount of $450 to certain lenders (the “Participating Lenders”). Pursuant             
 to the October 2024 CLA Addendum, the 2020 Notes held by the non-participating lenders will     
 bear interest at 8% per annum until maturity commencing as of July 1, 2024, and the 2020        
 Notes held by the Participating Lenders commencing on March 31, 2025. In addition, pursuant     
 to the October 2024 CLA Addendum, upon the earlier of March 31, 2025