Company: SVREW
Filing Date: 2025-06-24
Form Type: DRS
Source: 0001213900-25-057237
Chunk: 45

Company: SaverOne 2014 Ltd.
Filing Date: 2025-06-24
Form: DRS
Chunk 45
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 to the
company. The Companies Law does not define the substance of this duty of fairness. However, a shareholder’s breach of duty of fairness
is subject to laws regarding breaches of contracts and takes into account the status of such shareholder with respect to the company.

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Acquisitions under Israeli law

Full tender offer

A person wishing to acquire
shares of a publicly traded company incorporated in Israel, and who would, as a result, hold over 90% of the target company’s issued
and outstanding share capital is required by the Companies Law to make a tender offer to all of the company’s shareholders for the
purchase of all of the issued and outstanding shares of the company. If the shareholders who do not accept the offer hold less than 5%
of the issued and outstanding share capital of the company, and more than half of the shareholders who do not have a personal interest
in the offer accept the offer, all of the shares that the acquirer offered to purchase will be transferred to the acquirer by operation
of law. However, a tender offer will also be accepted if the shareholders who do not accept the offer hold less than 2% of the issued
and outstanding share capital of the company or of the applicable class of shares.

Upon a successful completion
of such a full tender offer, any shareholder that was an offeree in such tender offer, whether or not such shareholder accepted the tender
offer, may, within six months from the date of acceptance of the tender offer, petition an Israeli court to determine whether the tender
offer was for less than fair value and that the fair value should be paid as determined by the court. However, under certain conditions,
the offeror may include in the terms of the tender offer that an offeree who accepted the offer will not be entitled to petition the Israeli
court as described above.

If a tender offer is not accepted
in accordance with the requirements set forth above, the acquirer may not acquire shares from shareholders who accepted the tender offer
that will increase its holdings to more than 90% of the company’s issued and outstanding share capital or of the applicable class.

Special tender offer

The Companies Law provides
that an acquisition of shares in a public company must be made by means of a tender offer if, as a result of the acquisition, the purchaser
would become a holder of 25% of the voting rights in the company, unless there is already a person holding 25% of the voting rights in
the