Company: RGNT
Filing Date: 2025-05-19
Form Type: F-1/A
Source: 0001213900-25-045479
Chunk: 176

Company: REGENTIS BIOMATERIALS LTD.
Filing Date: 2025-05-19
Form: F-1/A
Chunk 176
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| ● | identifying and evaluating candidates to serve as our directors consistent with the criteria approved by the board; |

| ● | reviewing and evaluating the performance of the board; |

| ● | serving as a focal point for communication between director candidates, non-committee directors and our management; selecting or recommending to the board for selection candidates to the board; and |

| ● | making other recommendations to the board regarding affairs relating to our directors. |

Internal auditor

Under the Companies Law, the
board of directors of a public company must appoint an internal auditor based on the recommendation of the audit committee. The role of
the internal auditor is, among other things, to examine whether a company’s actions comply with applicable law and orderly business
procedure. Under the Companies Law, the internal auditor cannot be an interested party or an office holder or a relative of an interested
party or an office holder, nor may the internal auditor be the company’s independent auditor or its representative. An “interested
party” is defined in the Companies Law as: (i) a holder of 5% or more of the issued share capital or voting power in a company,
(ii) any person or entity who has the right to designate one or more directors or to designate the chief executive officer of the company
or (iii) any person who serves as a director or an office holder of the company. As of the date of this prospectus, we have not yet appointed
our internal auditor.

Fiduciary duties and approval of specified related party transactions under Israeli law

Fiduciary duties of office holders

The Companies Law imposes
a duty of care and a duty of loyalty on all office holders of a company.

The duty of care of an office
holder is based on the duty of care set forth in connection with the tort of negligence under the Israeli Torts Ordinance (New Version),
5728-1968. The duty of care requires an office holder to act with the degree of proficiency with which a reasonable office holder in the
same position would have acted under the same circumstances. The duty of care includes, among others, a duty to use reasonable means,
in light of the circumstances, to obtain:

| ● | information on the advisability of a given action brought for his or her approval or performed by virtue of his or her position; and |

| ● | all other important information pertaining to these actions. |

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The duty of loyalty requires
an office holder to act in good faith