Company: RGNT
Filing Date: 2025-02-12
Form Type: DRS/A
Source: 0001213900-25-012299
Chunk: 154

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-02-12
Form: DRS/A
Chunk 154
---
iversary of the grant date.

In
addition, the Company will pay a one-time cash bonus of $250,000 to Mr. Ehud Geller upon the completion of this offering.

Engagement Agreements with Executive Officers

We
have entered into written engagement or consultancy agreements with each of our executive officers, including our Chairman, Dr. Ehud Geller
and our Chief Executive officer, Dr. Eli Hazum. These agreements are terminable by either party upon 60 days’ prior written notice.
All of these agreements contain customary provisions regarding noncompetition, confidentiality of information and assignment of inventions.
None of such agreements contain any terms providing for severance benefits. However, the enforceability of the noncompetition provisions
may be limited under applicable law. In addition, we intend to enter into indemnification agreements, subject to the listing of our securities
on the Nasdaq Capital Market, with each executive officer and director pursuant to which we will indemnify each of them up to a certain
amount and to the extent that these liabilities are not covered by directors and officers’ insurance.

We
have also entered into a Chief Financial Officer Services Agreement, or the CFO Services Agreement, dated December 5, 2022, with
Shimony, pursuant to which the Company retains CFO services from Shimony that are provided by Mr. Arie Gordashnikov. Mr.
Gordashnikov, who has been employed by the Company since October 1, 2022, serves as the Chief Financial Officer of the Company and
devotes all of the time and effort required for our business and activities on a full-time basis. Pursuant to the CFO Services
Agreement, Mr. Gordashnikov is expected to continue to serve as our CFO following the completion of this offering, and the Company will pay Shimony $3,000 per month plus Value-Added Tax for Mr. Gordashnikov’s services from such time as the Company completes an IPO. The CFO Services Agreement may be terminated by either the Company or Shimony upon 60 days’ prior written notice. The CFO Services Agreement further provides that Mr. Gordashnikov shall not provide CFO services to any third party and shall not engage in any other employment, consulting or other business activity (whether full-time or part-time) that would create a conflict of interest with the Company. The CFO Services Agreement also includes standard non-compete, non-solicitation and confidentiality provisions. In addition, Mr. Gordashnikov will enter into a standard