Company: RGNT
Filing Date: 2025-01-24
Form Type: DRS
Source: 0001213900-25-006245
Chunk: 159

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-01-24
Form: DRS
Chunk 159
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 chairman or any of his or her relatives with the chief executive officer’s authorities.
In addition, a person who reports, directly or indirectly, to the chief executive officer may not serve as the chairman of the board of
directors; the chairman may not be vested with authorities of a person who reports, directly or indirectly, to the chief executive officer;
and the chairman may not serve in any other position in the company or a controlled company, but he or she may serve as a director or
chairman of a controlled company. However, the Companies Law permits a company’s shareholders to determine, for a period not exceeding
three years (or in certain cases, five years) from each such determination, that the chairman or his or her relative may serve as chief
executive officer or be vested with the chief executive officer’s authorities, and that the chief executive officer or his or her
relative may serve as chairman or be vested with the chairman’s authorities. Such determination of a company’s shareholders
requires either:

| ● | at least a majority of the shares of non-controlling shareholders or shareholders that do not have a personal interest in the approval voted at the meeting are voted in favor (disregarding abstentions); or |

| ● | the total number of shares of non-controlling shareholders or shareholders that do not have a personal interest in the approval voted against the proposal does not exceed 2% of the aggregate voting rights in the company. |

In addition, under the Companies
Law, our board of directors must determine the minimum number of directors who are required to have financial and accounting expertise.
Under applicable regulations, a director with financial and accounting expertise is a director who, by reason of his or her education,
professional experience and skill, has a high level of proficiency in and understanding of business accounting matters and financial statements.
He or she must be able to thoroughly comprehend the financial statements of the listed company and initiate debate regarding the manner
in which financial information is presented. In determining the number of directors required to have such expertise, the board of directors
must consider, among other things, the type and size of the company and the scope and complexity of its operations. Our board of directors
has determined that we require at least two directors with the requisite financial and accounting expertise. The board of directors
has determined that and have the requisite financial and accounting expertise.

External Directors

Under the Companies Law, companies
incorporated under the laws of the State of Israel that are “public companies,” including companies with shares listed on