Company: RGNT
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093302
Chunk: 164

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 164
---
) 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.

<div align='center'>98</div>

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 company in which
such external director served, and its controlling shareholder or any entity under control of such controlling shareholder may not, directly
or indirectly, grant such former external director, or his or her spouse or child, any benefit, including by way of (i) the appointment
of such former director or his or her spouse or his child as an officer in the company or in an entity controlled by the company’s
controlling shareholder, (ii) the employment of such former director, and (iii) the engagement, directly or indirectly, of such former
director as a provider of professional services for compensation, directly or indirectly, including via an entity under his or her control.
With respect to a relative who is not a spouse or a child, such limitations only apply for one year from the date such external director
ceased to be engaged in such capacity.

The provisions of the Companies
Law set forth special approval requirements for the election of external directors. External directors must be elected by a majority
vote of the shares present and voting at a shareholders meeting, provided that either:

|