Company: SVREW
Filing Date: 2025-07-01
Form Type: F-1
Source: 0001213900-25-060400
Chunk: 47

Company: SaverOne 2014 Ltd.
Filing Date: 2025-07-01
Form: F-1
Chunk 47
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that, as a result of the merger, the surviving company will be unable to satisfy the obligations of the merging entities, and may further
give instructions to secure the rights of creditors.

<div align='center'>23</div>

In addition, a merger may
not be consummated unless at least 50 days have passed from the date on which a proposal for approval of the merger was filed by each
party with the Israeli Registrar of Companies and at least 30 days have passed from the date on which the merger was approved by the shareholders
of each party.

Borrowing powers

Pursuant to the Companies
Law and our Articles of Association, our board of directors may exercise all powers and take all actions that are not required under law
or under our Articles of Association to be exercised or taken by our shareholders, including the power to borrow money for company purposes.

Changes in capital

Our Articles of Association
enable us to increase or reduce our share capital. Any such changes are subject to the provisions of the Companies Law and must be approved
by a resolution duly passed by our shareholders at a general meeting. In addition, transactions that have the effect of reducing capital,
such as the declaration and payment of dividends in the absence of sufficient retained earnings or profits, require the approval of both
our board of directors and an Israeli court.

<div align='center'>DESCRIPTION OF AMERICAN DEPOSITARY SHARES</div>

American Depositary Shares

The Bank of New York Mellon,
as depositary, will register and deliver our ADSs. Each ADS will represent three thousand six hundred (3,600) Ordinary Shares (or
a right to receive three thousand six hundred Ordinary Shares) deposited with Bank Leumi, as custodian for the depositary in
Israel. Each ADS will also represent any other securities, cash or other property which may be held by the depositary. The depositary’s
office at which our ADSs will be administered is located at the depositary’s principal executive office, at 240 Greenwich Street,
New York, N.Y. 10286.

You may hold ADSs either (A)
directly (i) by having an ADR, which is a certificate evidencing a specific number of ADSs, registered in your name or (ii) by having
uncertificated ADSs registered in your name or (B) indirectly by holding a security entitlement in ADSs through your broker or other financial
institution that is a direct or indirect participant in the DTC. If you hold ADS