Company: RGNT
Filing Date: 2025-02-12
Form Type: DRS/A
Source: 0001213900-25-012299
Chunk: 194

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-02-12
Form: DRS/A
Chunk 194
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 not less than five (5)
but no more than eight (8) directors, including any external directors required to be appointed by the Companies Law. Pursuant to our
amended and restated articles of association, other than the external directors, for whom special election requirements apply, and directors
appointed by our board of directors, each of our directors will be appointed by a simple majority vote of holders of our voting shares,
participating and voting at a general meeting of our shareholders.

In addition, our amended
and restated articles of association to be in effect upon completion of this offering will allow our board of directors to fill vacancies
on the board of directors or to appoint new directors up to the maximum number of directors permitted under our amended and restated
articles of association. Such directors serve for a term of office equal to the remaining period of the term of office of the directors(s)
whose office(s) have been vacated or in the case of new directors, to serve until the next annual general meeting of our shareholders,
according to the appropriate class in which directors may be appointed or terminated.

External directors are elected
for an initial term of three years, may be elected for additional terms of three years each under certain circumstances, and may be removed
from office pursuant to the terms of the Companies Law. For further information on the election and removal of external directors, see
“Management — External Directors.”

Dividend and Liquidation Rights

We may declare a dividend
to be paid to the holders of our Ordinary Shares in proportion to their respective shareholdings. Under the Companies Law, dividend distributions
are determined by the board of directors and do not require the approval of the shareholders of a company unless the company’s
articles of association provide otherwise. Our amended and restated articles of association to be in effect upon completion of this offering
do not require shareholder approval of a dividend distribution and provide that dividend distributions may be determined by our board
of directors.

Pursuant to the Companies
Law, the distribution amount is limited to the greater of retained earnings or earnings generated over the previous two years, according
to our then last reviewed or audited financial statements, provided that the end of the period to which the financial statements relate
is not more than six months prior to the date of the distribution. If we do not meet such criteria, then we may distribute dividends
only with court approval. In each case, we are only permitted to distribute a dividend if our board of directors and the court, if applicable,