Company: RGNT
Filing Date: 2025-01-24
Form Type: DRS
Source: 0001213900-25-006245
Chunk: 180

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-24
Form: DRS
Chunk 180
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 provided however, that in special circumstances, such as a private placement intended to obviate the need to control a special
tender offer (see “Description of Share Capital—Acquisitions under Israeli law”), or a private placement which qualifies
as a related party transaction (see “Management—Board practices—Fiduciary duties and approval of specified related party
transactions under Israeli law”), approval at a general meeting of the shareholders of a company is required.

Exculpation, Insurance and Indemnification of Office Holders

Under the Companies Law, a
company may not exculpate an office holder from liability for a breach of the duty of loyalty. A company may exculpate an office holder
in advance from liability to the company, in whole or in part, for damages caused to the company as a result of a breach of the duty of
care but only if a provision authorizing such exculpation is included in its articles of association. Our amended and restated articles
of association to be in effect upon completion of this offering include such a provision. An Israeli company may not exculpate a director
from liability arising out of a breach of the duty of care with respect to a dividend or distribution to shareholders.

Under the Companies Law and
the Securities Law, 5728-1968, or the Securities Law, a company may indemnify an office holder in respect of the following liabilities,
payments and expenses incurred for acts performed as an office holder, either pursuant to an undertaking made in advance of an event or
following an event, provided a provision authorizing such indemnification is contained in its articles of association:

| ● | a monetary liability incurred by or imposed on him or her in favor of another person pursuant to a judgment, including a settlement or arbitrator’s award approved by a court. However, if an undertaking to indemnify an office holder with respect to such liability is provided in advance, then such undertaking must be limited to certain events which, in the opinion of the board of directors, can be foreseen based on the company’s activities when the undertaking to indemnify is given, and to an amount or according to criteria determined by the board of directors as reasonable under the circumstances, and such undertaking shall detail the foreseen events and described above amount or criteria; |

| ● | reasonable litigation expenses, including reasonable attorneys’ fees, incurred by the office holder as (1) a result of an investigation or proceeding instituted against him or her by an authority authorized to