Company: RGNT
Filing Date: 2025-03-11
Form Type: F-1
Source: 0001213900-25-022350
Chunk: 292

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-03-11
Form: F-1
Chunk 292
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 additional ordinary shares or other securities or rights convertible into, or entitling the holder thereof to receive directly
or indirectly, additional ordinary shares, then, in each such case, the holders of preferred shares shall be entitled to receive such
distribution in respect of their holdings on an as-converted basis as of the record date for such distribution.

| B. | Conversion Rights |

Each preferred share shall be convertible,
at the option of the holder thereof, into such number of fully paid and non-assessable ordinary shares of the Company at a 1:1 ratio,
subject to certain adjustment such as splits and combinations, recapitalization, adjustments for dividend or other distribution as fully
described in Company’s AOA.

| C. | Automatic and Mandatory Conversion |

Each preferred share shall automatically
be converted without payment of additional consideration into ordinary shares at the conversion rate (as described above) then in effect:
(i) immediately prior to the closing of a QIPO (means the closing of an IPO at a pre-money equity valuation of the Company of at least
US $120,000, generating minimum net proceeds to the Company of at least US $25,000 (twenty five million U.S. dollars), subject to the
consummation of such QIPO; or (ii) at the written request of the holders of at least a qualified majority of the issued preferred shares.

<div align='center'>F-39</div>

REGENTIS BIOMATERIALS LTD.

NOTES TO FINANCIAL STATEMENTS

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

| NOTE 10:- | TEMPORARY EQUITY (Cont.) |

| D. | Anti-dilution Protection |

If the Company issues or sells, or is
deemed by the express provisions of AOA’s subsection to have issued or sold, additional shares for an effective price which is
less than the applicable conversion price then in effect for any series of preferred share, then and in each such case, the conversion
price then in effect for such preferred shares shall be reduced, concurrently with such issue or sale, for no additional consideration,
as described in Company’s AOA.

| E. | Liquidation Preference |

In an Exit Event (IPO, or in the event
of any voluntary or involuntary liquidation, dissolution or winding up of the Company, or deemed liquidation event which is a consolidation,
merger or reorganization or a sale of all or substantially all of the Company’s assets, or