Company: SVREW
Filing Date: 2025-01-31
Form Type: 424B5
Source: 0001213900-25-008656
Chunk: 10

Company: SaverOne 2014 Ltd.
Filing Date: 2025-01-31
Form: 424B5
Chunk 10
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 payments under the Promissory Notes of $500,000 of principal, or the outstanding principal if less than such amount, plus 10%,
plus all accrued and unpaid interest on the principal amount being paid if there is an Amortization Event. Unless waived by Yorkville,
an Amortization Event occurs if the daily VWAP is less than the Floor Price then in effect for three trading days during a period of
five consecutive trading days (a “”), or (ii) if Yorkville cannot use the registration statement
to sell ADSs. Our obligation to pay these monthly payments will terminate if (i) the Company resets the floor price which shall be no
more than 50% of the closing price on the trading day immediate before such reset (and cannot be greater than the Floor Price then in
effect), (ii) the daily VWAP is greater than 110% of the Floor Price then in effect for 10 consecutive days, or (iii) Yorkville can use
the registration statement to sell its ADSs. Yorkville has waived, through January 31, 2025, any Amortization Event under the SEPA as
a result of a Floor Price Event.

Yorkville may declare the full
unpaid principal amount of the Promissory Notes, together with interest and other amounts owing in respect thereof, immediately due and
payable in cash upon the occurrence of certain specified events of default and mandatory prepayment events. Upon the occurrence and during
the continuance of any event of default, interest will accrue on the outstanding principal balance of the Convertible Debenture at a
rate of 18% per annum.

At any time that a balance under
a Promissory Note is outstanding, Yorkville may, by providing written notice to the Company (an “Investor Notice”), require
the Company to issue and sell shares to Yorkville as set out in the relevant Investor Notice, subject to certain limitations as set forth
in the SEPA. The purchase price of the shares delivered pursuant to an Investor Notice shall be equal to the Conversion Price then
in effect and shall be paid by offsetting the amount of the aggregate purchase price to be paid by Yorkville against an equal amount
outstanding under the Promissory Note.

The SEPA does not require Yorkville
to subscribe for or acquire any ADSs or Ordinary Shares under the SEPA if those ADS, when aggregated with all other ADSs or Ordinary
Shares acquired by Yorkville under the SEPA, would