Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 114

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 114
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 provide to U. S. Holders
the information required to make a valid QEF election and we currently make no undertaking to provide such information.

Mark-to-market
election

If
we were a PFIC, the rules above also would not apply to a U. S. Holder that makes a “mark-to-market” election with respect
to the securities, but this election will be available with respect to the securities only if they meet certain minimum trading requirements
to be considered “marketable stock” for purposes of the PFIC rules. Securities will be marketable stock if they are regularly
traded on a national securities exchange that is registered with the SEC or on a non-U. S. exchange or market that meets certain requirements
under the Treasury regulations. Securities generally will be considered regularly traded during any calendar year during which they are
traded, other than in de minimis

A
U. S. Holder that makes a valid mark-to-market election for the first tax year in which the holder holds (or is deemed to hold) our securities
and for which we are a PFIC will be required to include each year an amount equal to the excess, if any, of the fair market value of
such securities the holder owns as of the close of the taxable year over the holder’s adjusted tax basis in such securities. The
U. S. Holder will be entitled to a deduction for the excess, if any, of the holder’s adjusted tax basis in the securities over the
fair market value of such securities as of the close of the taxable year, but only to the extent of any net mark-to-market gains with
respect to such securities included by the U. S. Holder under the election for prior taxable years. The U. S. Holder’s basis in such
securities will be adjusted to reflect the amounts included or deducted pursuant to the election. Amounts included in income pursuant
to a mark-to-market election, as well as gain on the sale, exchange or other taxable disposition of such securities, will be treated
as ordinary income. The deductible portion of any mark-to-market loss, as well as loss on a sale, exchange or other disposition of our
securities to the extent that the amount of such loss does not exceed net mark-to-market gains previously included in income, will be
treated as ordinary loss.

The
mark-to-market election applies to the taxable year for which the election is made and all subsequent taxable years, unless the shares
cease to be treated as