Company: RGNT
Filing Date: 2025-01-24
Form Type: DRS
Source: 0001213900-25-006245
Chunk: 175

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-24
Form: DRS
Chunk 175
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, indemnification or insurance of a director or the chief
executive officer of the company, require the approval of the compensation committee, board of directors and, subject to certain exceptions,
shareholders by an ordinary majority, in that order, and in the case of the chief executive officer or under certain circumstances, a
Special Approval for Compensation.

An office holder who has a
personal interest in a matter that is considered at a meeting of the board of directors or the audit committee may generally not be present
at the meeting or vote on the matter unless a majority of the directors or members of the audit committee have a personal interest in
the matter, or unless the chairman of the audit committee or board of directors (as applicable) determines that he or she should be present
to present the transaction that is subject to approval. If a majority of the directors have a personal interest in the matter, such matter
also requires approval of the shareholders of the company.

Under the Companies Law, the
definition of a “personal interest” includes the personal interest of a person in an action or a transaction of a company,
including the personal interest of such person’s relative or the interest of any corporation in which the person and/or such person’s
relative is a director or chief executive officer, a 5% or more shareholder or holds 5% or more of the voting rights, or has the right
to appoint at least one director or the chief executive officer, but excluding a personal interest stemming solely from the fact of holding
shares in the company. A personal interest also includes (1) a personal interest of a person who votes according to a proxy of another
person, including in the event that the other person has no personal interest, and (2) a personal interest of a person who gave the proxy
to another person to vote on his or her behalf, regardless of whether the proxy holder has discretion how to vote on the matter.

Under the Companies Law, an
“extraordinary transaction” is defined as any of the following:

| ● | a transaction other than in the ordinary course of business; |

| ● | a transaction that is not on market terms; or |

| ● | a transaction that may have a material impact on the company’s profitability, assets or liabilities. |

Disclosure of personal interests of a controlling shareholder and approval of transactions

Under the Companies Law, the
disclosure requirements that apply to an office holder also apply to a controlling shareholder of a public company. See “Management
— Audit committee — Approval of