Company: RGNT
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006676
Chunk: 160

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 160
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the Nasdaq Capital Market, are required to appoint at least two external directors.

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A person may not be appointed
as an external director if the person is a relative of a controlling shareholder or if on the date of the person’s appointment or
within the preceding two years the person or his or her relatives, partners, employers or anyone to whom that person is subordinate, whether
directly or indirectly, or entities under the person’s control have or had any affiliation with any of the following, or an affiliated
entity: (1) us; (2) any person or entity controlling us on the date of such appointment; (3) any relative of a controlling shareholder;
or (4) any entity controlled, on the date of such appointment or within the preceding two years, by us or by a controlling shareholder.
If there is no controlling shareholder or any shareholder holding 25% or more of voting rights in the company, a person may not be appointed
as an external director if the person has any affiliation to the chairman of the board of directors, the chief executive officer (referred
to in the Companies Law as a general manager), any shareholder holding 5.0% or more of the company’s shares or voting rights or
the most senior financial officer as of the date of the person’s appointment.

The term “controlling
shareholder” means a shareholder with the ability to direct the activities of the company, other than by virtue of being an office
holder. A shareholder is presumed to have “control” of the company and thus to be a controlling shareholder of the company
if the shareholder holds 50% or more of the “means of control” of the company. “Means of control” is defined as
(1) the right to vote at a general meeting of a company or a corresponding body of another corporation; or (2) the right to appoint directors
of the corporation or its general manager. For the purpose of approving related-party transactions, the term also includes any shareholder
that holds 25% or more of the voting rights of the company if the company has no shareholder that owns more than 50% of its voting rights.
For the purpose of determining the holding percentage stated above, two or more shareholders who have a personal interest in a transaction
that is brought for the company’s approval are deemed as joint holders.

The term affiliation includes:

| ● | an employment relationship;                                                                                                                                                                                                                                                                    |
| ● | a business or professional relationship