Company: SVREW
Filing Date: 2025-03-31
Form Type: F-1
Source: 0001213900-25-026272
Chunk: 31

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-31
Form: F-1
Chunk 31
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other payments due under the Promissory Notes shall be paid in cash on January 16, 2026 (the “Maturity Date”), unless converted
by Yorkville or redeemed by the Company. Except as specifically permitted by the terms of the Promissory Notes, the Company may not prepay
or redeem any portion of the outstanding principal and accrued and unpaid interest thereunder. Subject to the terms set forth in the
Promissory Notes, at any time on or after the issuance date, Yorkville shall be entitled to convert any portion of the outstanding principal
of the Promissory Notes plus accrued and unpaid interest on such outstanding principal of the Promissory Notes (such amount, the “Conversion
Amount”) into ADSs at the Conversion Price. The number of ADSs issuable upon conversion of the Conversion Amount will be determined
by dividing (x) such Conversion Amount by (y) the lower of (i) $126.78 per ADS, or (ii) 95% of the lowest daily VWAP during
the 5 consecutive trading days immediately preceding the Conversion Date or other date of determination (the “Conversion Price”),
but not lower than the Floor Price. The Conversion Price will be adjusted from time to time pursuant to the terms and conditions of the
Promissory Notes.

The Company has the option
to redeem a portion or all amounts outstanding under the Promissory Notes, provided that the Company provides Yorkville with prior written
notice of its desire to do so. Each redemption will be irrevocable. In addition to the amount of the outstanding principal and all accrued
and unpaid interest on such principal amount, the Company has to pay a 10% premium.

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The Company is required to make monthly 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