Company: RGNT
Filing Date: 2025-02-12
Form Type: DRS/A
Source: 0001213900-25-012299
Chunk: 166

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-02-12
Form: DRS/A
Chunk 166
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 nine consecutive years, provided that, for this purpose, a break of less than two years in service shall not be deemed to interrupt the continuation of the service. |

The Companies Law further
requires that generally, any person who does not qualify to be a member of the audit committee may not attend the audit committee’s
meetings and voting sessions, unless such person was invited by the chairperson of the committee for the purpose of presenting on a specific
subject; provided, however, that an employee of the company who is not the controlling shareholder or a relative of a controlling shareholder
may attend the discussions of the committee, provided that any resolutions approved at such meeting are voted on without his or her presence.
A company’s legal advisor and company secretary who are not the controlling shareholder or a relative of a controlling shareholder
may attend the meeting and voting sessions, if required by the committee.

The quorum required for the
convening of meetings of the audit committee and for adopting resolutions by the audit committee is a majority of the members of the audit
committee, provided such majority is comprised of a majority of independent directors, at least one of whom is an external director.

Approval of transactions with related parties

Under the Companies Law, the
approval of the audit committee is required to effect specified actions and transactions with office holders and controlling shareholders
and their relatives, or in which they have a personal interest. See “Management—Fiduciary duties and approval of specified
related party transactions under Israeli law.” The audit committee may not approve an action or a transaction with a controlling
shareholder or with an office holder unless at the time of approval the audit committee meets the composition requirements under the Companies
Law.

Audit committee role

Our board of directors has
adopted an audit committee charter, which will be effective as of the effective time of the registration statement to which this prospectus
relates setting forth the responsibilities of the audit committee consistent with the rules of the SEC and the Nasdaq Marketplace Rules,
which include, among others:

| ● | retaining and terminating our independent auditors, subject to the ratification of the board of directors, and in the case of retention, to that of the shareholders; |

| ● | pre-approving of audit and non-audit services and related fees and terms, to be provided by the independent auditors; |

| ● | overseeing the accounting and financial reporting processes of the Company and audits of our financial statements, the effectiveness of our internal control over financial reporting and making such reports as may