Company: RGNT
Filing Date: 2025-02-12
Form Type: DRS/A
Source: 0001213900-25-012299
Chunk: 162

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-02-12
Form: DRS/A
Chunk 162
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 a person is an employee of the Israeli Securities Authority or of an Israeli stock exchange. If at the time an external
director is appointed all current members of the board of directors, who are not controlling shareholders or relatives of
controlling shareholders, are of the same gender, then the external director to be appointed must be of the other gender. In
addition, a person who is a director of a company may not be elected as an external director of another company if at the same time
a director from another company is serving as an external director in the company.

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According to regulations promulgated
under the Companies law, at least one of the external directors is required to have “financial and accounting expertise,”
unless another member of the audit committee, who is an independent director under the Nasdaq Stock Market rules, has “financial
and accounting expertise,” and the other external director or directors are required to have “professional expertise.”
An external director may not be appointed to an additional term unless: (1) such director has “accounting and financial expertise;”
or (2) he or she has “professional expertise,” and on the date of appointment for another term there is another external director
who has “accounting and financial expertise” and the number of “accounting and financial experts” on the board
of directors is at least equal to the minimum number determined appropriate by the board of directors.

The regulations promulgated
under the Companies Law define an external director with requisite professional qualifications as a director who satisfies one of the
following requirements: (1) the director holds an academic degree in either economics, business administration, accounting, law or public
administration, (2) the director either holds an academic degree in any other field or has completed another form of higher education
in the company’s primary field of business or in an area which is relevant to his or her office as an external director in the company,
or (3) the director has at least five years of experience serving in any one of the following, or at least five years of cumulative experience
serving in two or more of the following capacities: (a) a senior business management position in a company with a substantial scope of
business, (b) a senior position in the company’s primary field of business or (c) a senior position in public administration.

Until
the lapse of a two-year period from the date that an external director of a company ceases to act in such capacity, the