Company: RGNT
Filing Date: 2025-02-12
Form Type: DRS/A
Source: 0001213900-25-012299
Chunk: 214

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-02-12
Form: DRS/A
Chunk 214
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 of the State of Israel with respect to Taxes on Income, as
amended, or United States-Israel Tax Treaty, the maximum rate of tax withheld at source in Israel on dividends paid to a holder of
our Ordinary Shares who is a U.S. Resident is 25%. However, the maximum withholding tax rate on dividends (not generated by a
Preferred Enterprise) that are paid to a United States corporation holding 10% or more of our outstanding voting capital throughout
the tax year in which the dividend is distributed as well as during the previous tax year is generally 12.5%, provided that not more
than 25% of the gross income for such preceding year consists of certain types of dividends and interest. Notwithstanding the
foregoing, dividends distributed from income attributed to a Preferred Enterprise are not entitled to such reduction under the
United States-Israel Tax Treaty but are subject to a withholding tax rate of 15% for a shareholder that is a U.S. corporation,
provided that the conditions related to the outstanding voting rights and the gross income for the previous year (as set forth in
the previous sentences) are met.

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Capital Gains Income Taxes Applicable to Non-Israeli Shareholders

A non-Israeli resident
who derives capital gains from the sale of shares in an Israeli resident company that were purchased after the company was listed for
trading on a stock exchange outside of Israel will be exempt from Israeli tax if, among other conditions, the shares were not held through
a permanent establishment that the non-resident maintains in Israel.

These provisions dealing
with capital gain are not applicable to a person whose gains from selling or otherwise disposing of the shares are deemed to be business
income.

However, non-Israeli corporations
will not be entitled to the foregoing exemptions if Israeli residents: (i) alone, or together with such Israeli residents’ related
party or another person who collaborates with such Israeli resident on a permanent basis, hold, directly or indirectly, more than 25%
of the means of control in such non-Israeli corporation or (ii) are the beneficiaries of, or are entitled to, 25% or more of
the revenues or profits of such non-Israeli corporation, whether directly or indirectly.

In addition, a sale of securities
by a non-Israeli resident may be exempt from Israeli capital gains tax under the provisions of an applicable tax treaty. For example,
under the United States-Israel Tax Treaty, the sale, exchange or disposition of our Ordinary