Company: SVREW
Filing Date: 2025-03-21
Form Type: DRS
Source: 0001013762-25-001063
Chunk: 4

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: DRS
Chunk 4
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uable 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 five consecutive trading days immediately preceding the Conversion Date or other date of determination (the “Conversion
Price”), but not lower than $20.83 per ADS (the “Floor Price”). The Conversion Price may 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.

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 “Floor
Price Event”), or (ii) if Yorkville cannot use the registration statement to sell ADSs. Our obligation to pay these monthly payments
will terminate if 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), the daily VWAP is greater than 110% of the Floor Price
then in effect for 10 consecutive days or Yorkville can use the registration statement to sell its ADSs. As of the date of this prospectus,
an outstanding balance of approximately $132,000 remains due under these promissory notes. Yorkville has waived through April 21, 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