Company: RGNT
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006676
Chunk: 179

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 179
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 considered those provisions that must be included in the compensation policy according
to the Companies Law and that shareholder approval was obtained (by a special majority vote as discussed above with respect to the approval
of director compensation). In addition, the compensation committee may waive the shareholder approval requirement with regards to the
approval of the engagement terms of a candidate for the chief executive officer position, if they determine that the compensation arrangement
is consistent with the company’s stated compensation policy, and that the chief executive officer did not have a prior business
relationship with the company or a controlling shareholder of the company and that subjecting the approval of the engagement to a shareholder
vote would impede the company’s ability to employ the chief executive officer candidate.

Duties of shareholders

Under the Companies Law, a
shareholder has a duty to refrain from abusing its power in the company and to act in good faith and in an acceptable manner in exercising
its rights and performing its obligations to the company and other shareholders, including, among other things, when voting at general
meetings of shareholders on the following matters:

| ● | an amendment to the articles of association; |

| ● | an increase in the company’s authorized share capital; |

| ● | a merger; and |

| ● | the approval of related party transactions and acts of office holders that require shareholder approval. A shareholder also has a general duty to refrain from discriminating against other shareholders. |

The remedies generally available
upon a breach of contract will also apply to a breach of the above mentioned shareholder duties, and in the event of discrimination against
other shareholders, additional remedies are available to the injured shareholder.

In addition, any
controlling shareholder, any shareholder that knows that its vote can determine the outcome of a shareholder vote and any
shareholder that, under a company’s articles of association, has the power to appoint or prevent the appointment of an office
holder, or any other power with respect to the company, has a duty to act with fairness towards the company. The Companies Law does
not describe the substance of this duty, except to state that the remedies generally available upon a breach of contract will also
apply in the event of a breach of the duty to act with fairness, taking the shareholder’s position in the company into
account.

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Approval of private placements

Under the Companies Law and
the regulations promulgated thereunder, a private placement of securities does not require approval at a general meeting of the shareholders
of a company;