Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 44

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 44
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, and we have not experienced
disruptions to our business operations. As such, our product and business development activities remain on track. However, the intensity
and duration of Israel’s current war against Hamas is difficult to predict at this stage, as are such war’s economic implications
on our business and operations and on Israel’s economy in general. If the war extends for a long period of time or expands to other
fronts, such as Lebanon, Syria and the West Bank, our operations may be adversely affected.

Our
commercial insurance does not cover losses that may occur as a result of an event associated with the security situation in the Middle
East. Although the Israeli government has in the past covered the reinstatement value of certain damages that were caused by terrorist
attacks or acts of war, we cannot assure you that this government coverage will be maintained or, if maintained, will be sufficient to
compensate us fully for damages incurred. Any losses or damages incurred by us could have a material adverse effect on our business.
Our business interruption insurance may not adequately compensate us for losses, if at all, that may occur as a result of an event associated
with a security situation in the Middle East, and any losses or damages incurred by us could have a material adverse effect on our business.

Finally,
political conditions within Israel may affect our operations. Israel has held five general elections between 2019 and 2022, and prior
to October 2023, the Israeli government pursued extensive changes to Israel’s judicial system, which sparked extensive political
debate and unrest. To date, these initiatives have been substantially put on hold. Actual or perceived political instability in Israel
or any negative changes in the political environment, may individually or in the aggregate adversely affect the Israeli economy and,
in turn, our business, financial condition, results of operations and growth prospects.

Our
operations may be disrupted as a result of the obligation of management or key personnel to perform military service.

Our
employees and consultants in Israel, including members of our senior management, may be obligated to perform one month, and in some cases
longer periods, of military reserve duty until they reach the age of 40 (or older, for citizens who hold certain positions in the Israeli
armed forces reserves) and, in the event of a military conflict, may be called to active duty. In response to increases in terrorist
activity, there have been periods of significant call-ups of military reservists. It is possible that there will be similar large-scale
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