Company: RGNT
Filing Date: 2025-02-12
Form Type: DRS/A
Source: 0001213900-25-012299
Chunk: 284

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-02-12
Form: DRS/A
Chunk 284
---
 30.0 | % |
| Term (years)       |     |   |         0.25 |   |     |   |          0.5 |   |
| Fair value         |     | $ |          221 |   |     | $ |          278 |   |

The following table presents changes in
the fair value of the warrant liability:

| Balance as of January 1, 2022   |     | $ |  648 |   |
| Changes in fair value           |     |   | (370 | ) |
| Balance as of December 31, 2022 |     | $ |  278 |   |
| Changes in fair value           |     |   |  (57 | ) |
| Balance as of December 31, 2023 |     | $ |  221 |   |

<div align='center'>F-33</div>

REGENTIS BIOMATERIALS LTD.

NOTES TO FINANCIAL STATEMENTS

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

| NOTE 7:- | WARRANT LIABILITY (Cont.) |

The Company has performed a sensitivity
analysis of the warrant liability which is classified as level 3 financial instruments. The Company recalculated the value of the warrants
by applying a +/- 5.0% changes to the input variables in PWERM. As of December 31, 2023, a 5.0% decrease in discount rate would increase
the fair value of the warrants to $224; a 5.0% increase in discount rate would decrease the fair value of the warrants to $217.

Upon the occurrence of an Exit Event (IPO
or a merger and acquisition), the warrants will be exercisable to the same securities issued to the 2021 Note holders upon conversion
of the 2021 Note at the Mandatory conversion (see Note 6b). The number of shares issued upon exercise of the warrant will be calculated
by dividing 150.0% of the 2021 CLA Amount by the 2021 CLA Conversion Price. The exercise price of each warrant will be 125.0% of the 2021
CLA Conversion price.

On March 11, 2023, following the 2021
Note conversion, the number and the exercise price of the 2021 warrants was determined. The warrants are exercisable into 53,031 preferred
D-2 shares and the exercise price of each warrant is