Company: RGNT
Filing Date: 2025-01-24
Form Type: DRS
Source: 0001213900-25-006245
Chunk: 168

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-24
Form: DRS
Chunk 168
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we refer as a compensation policy. The term “office holder” is defined under the Companies Law as a chief executive officer
(referred to in the Companies Law as the general manager), chief business manager, deputy general manager, vice general manager, any other
person assuming the responsibilities of any of these positions regardless of that person’s title, a director and any other manager
directly subordinate to the general manager. That policy must be adopted by our board of directors, after considering the recommendations
of the compensation committee, and will need to be approved by our shareholders, which approval requires what we refer to as a Special
Majority Approval for Compensation. A Special Majority Approval for Compensation requires shareholder approval by a majority vote of the
Ordinary Shares present and voting at a meeting of shareholders called for such purpose, provided that either: (i) such majority includes
at least a majority of the Ordinary shares held by all shareholders who are not controlling shareholders and do not have a personal interest
in such compensation arrangement, excluding abstentions; or (ii) the total number of Ordinary shares of non-controlling shareholders and
shareholders who do not have a personal interest in the compensation arrangement and who vote against the arrangement does not exceed
2% of the company’s aggregate voting rights.

Even if our shareholders do
not approve the compensation policy, the board of directors may resolve to approve the compensation policy if and to the extent the compensation
committee and the board determine, in its judgment following internal discussions and after reconsidering the compensation policy, that
approval of the compensation policy is in the best interests of the Company.

Pursuant to regulations promulgated
under the Companies Law, if a company adopts a compensation policy in advance of its initial public offering and describes it in its prospectus,
then the compensation policy shall be deemed a validly adopted policy and will remain in effect for a term of five years from the date
the company becomes a public company. Our compensation policy will be approved by our shareholders prior to the effectiveness of the registration
statement of which this prospectus forms a part and, in accordance with the regulations promulgated under the Companies Law, will be in
effect for a period of five years from the effectiveness of the registration statement of which this prospectus forms a part. The compensation
policy will be reviewed from time to time by our compensation committee and our board of directors, according to the requirements of the
Companies Law.

The compensation policy must
serve as the basis for decisions concerning the financial terms of employment or