Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 113

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 10
Chunk 113
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. S. Holder’s regular ordinary
income rate for the current year and would not be subject to the interest charge discussed below), and (c) the interest charge generally
applicable to underpayments of tax had been imposed on the taxes deemed to have been payable in those years. In addition, dividend distributions
would not qualify for the lower rates of taxation applicable to long-term capital gains discussed above under “ Dividends”.

A
U. S. Holder that holds the securities at any time during a taxable year in which we are classified as a PFIC generally will continue
to treat such securities as securities in a PFIC, even if we no longer satisfy the income and asset tests described above, unless the
U. S. Holder elects to recognize gain, which will be taxed under the excess distribution rules as if such securities had been sold on
the last day of the last taxable year for which we were a PFIC.

Certain
elections by a U. S. Holder would alleviate some of the adverse consequences of PFIC status and would result in an alternative treatment
of the securities, as described below. However, we do not currently intend to provide the information necessary for U. S. Holders to make
“ QEF elections,” as described below, and the availability of a “mark-to-market election” with respect to the
securities is a factual determination that will depend on the manner and quantity of trading of our securities, as described below.

QEF
election

If
we were a PFIC, the rules above would not apply to a U. S. Holder that makes an election to treat our securities as stock of a qualified
electing fund. A U. S. Holder that makes a QEF election is required to include in income its pro rata share of our ordinary earnings and
net capital gain as ordinary income and long-term capital gain, respectively, subject to a separate election to defer payment of taxes,
which deferral is subject to an interest charge. A U. S. Holder makes a QEF election generally by attaching a completed IRS Form 8621
to a timely filed United States federal income tax return for the year beginning with which the QEF election is to be effective (taking
into account any extensions). A QEF election can be revoked only with the consent of the IRS. In order for a U. S. Holder to make a valid
QEF election, we must annually provide or make available to the holder certain information. We do not intend to