Company: RGNT
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006676
Chunk: 165

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 165
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 Keith Valentine and Dr. Susan Alpert is an “audit committee financial
expert” as defined by the SEC rules and has the requisite financial experience as defined by the Nasdaq Marketplace Rules.

Under the Nasdaq Marketplace
Rules, we are required to maintain an audit committee consisting of at least three independent directors, all of whom are financially
literate and one of whom has accounting or related financial management expertise.

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The audit committee must be
comprised of at least three directors, including all of the external directors, one of whom must serve as chairman of the committee. Under
the Companies Law, the audit committee may not include the chairman of the board of directors, a controlling shareholder of the company
or a relative of a controlling shareholder, a director employed by or providing services on a regular basis to the company, to a controlling
shareholder or to an entity controlled by a controlling shareholder or a director most of whose livelihood depends on a controlling shareholder.

In addition, as explained
above, under the Companies Law, the audit committee of a publicly traded company must consist of a majority of unaffiliated directors.
In general, an “unaffiliated director” under the Companies Law is defined as either an external director or as a director
who meets the following criteria:

| ● | he or she meets the qualifications for being appointed as an external director, except for the requirement that the director be an Israeli resident (which does not apply to companies whose securities have been offered outside of Israel or are listed outside of Israel); and |

| ● | he or she has not served as a director of the company for a period exceeding nine consecutive years, provided that, for this purpose, a break of less than two years in service shall not be deemed to interrupt the continuation of the service. |

The Companies Law further
requires that generally, any person who does not qualify to be a member of the audit committee may not attend the audit committee’s
meetings and voting sessions, unless such person was invited by the chairperson of the committee for the purpose of presenting on a specific
subject; provided, however, that an employee of the company who is not the controlling shareholder or a relative of a controlling shareholder
may attend the discussions of the committee, provided that any resolutions approved at such meeting are voted on without his or her presence.
A company’s legal advisor and company secretary who are not the controlling shareholder or a relative of a controlling shareholder
may attend the meeting and voting sessions, if required by