Company: RGNT
Filing Date: 2025-01-24
Form Type: DRS
Source: 0001213900-25-006245
Chunk: 199

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-24
Form: DRS
Chunk 199
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 improve the terms of the special tender offer, and may further negotiate with third parties in order
to obtain a competing offer.

If a special tender offer
was accepted by a majority of the shareholders who announced their stand on such offer, then shareholders who did not respond to the
special tender offer or had objected to the offer may accept the offer within four days of the last day set for the acceptance of the
offer.

In the event that a special
tender offer is accepted, then the purchaser or any person or entity controlling it or under common control with the purchaser or such
controlling person or entity shall refrain from making a subsequent tender offer for the purchase of shares of the target company and
cannot execute a merger with the target company for a period of one year from the date of the offer, unless the purchaser or such person
or entity undertook to effect such an offer or merger in the initial special tender offer.

Mergers

The Companies Law
permits merger transactions if approved by each party’s board of directors and, unless certain requirements described under
the Companies Law are met, a majority of each party’s shareholders and, in the case of the target company, a majority vote of
each class of its shares, voted on the proposed merger at a shareholders meeting. The board of directors of a merging company is
required pursuant to the Companies Law to discuss and determine whether in its opinion there exists a reasonable concern that as a
result of a proposed merger, the surviving company will not be able to satisfy its obligations towards its creditors, such
determination taking into account the financial status of the merging companies. If the board of directors has determined that such
a concern exists, it may not approve a proposed merger. Following the approval of the board of directors of each of the merging
companies, the boards of directors must jointly prepare a merger proposal for submission to the Israeli Registrar of Companies.

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For purposes of the shareholder
vote, unless a court rules otherwise, the merger will not be deemed approved if a majority of the shares represented at the shareholders
meeting that are held by parties other than the other party to the merger, or by any person (or group of persons acting in concert) who
holds 25% or more of the outstanding shares or the right to appoint 25% or more of the directors of the other party, vote against the
merger. In addition, if the non-surviving entity of the merger has more than one class of