Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 170

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 170
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 as demanded from time to time by the Company’s board of directors (the “ Services”
and “ Board of Directors”, respectively).

The
appointment of Mr. Gilboa as the Company’s CEO became effective September 1, 2019 and the Consulting Agreement will continue being
in effect until termination, as set forth in the Consulting Agreement.

In
respect of the fulfillment of the position of CEO and Mr. Gilboa’s rending of the Services to the Company, Mr. Gilboa was initially
entitled to (i) a monthly fee of NIS 60 360 232,000 4

On
February 16, 2021, the Company’s shareholders approved to update the employment terms of Mr. Gilboa, to be effective from September
1, 2020 over a 3 90 12 126,000 36 4

On
August 14, 2023, the Company’s shareholders approved to update the employment terms of Mr. Gilboa, to be effective from September
1, 2023 over a 3-year period. These terms included: (i) monthly compensation of NIS 120 900,000

For
more information, see Note 14B and Note 18 below.

F-32

SAVERONE
2014 LTD.

NOTES
TO THE FINANCIAL STATEMENTS (CONT.)

(New
Israeli Shekels in thousands, except per share and share data)

Note
12 - Commitments and contingencies (Cont.)

  Asset               

On
August 26, 2024, the Company completed an asset purchase agreement for the Generation-3 camera products and intellectual property (IP)
of Micronet Ltd. (hereinafter - “ Micronet”), an Israeli public company which is a developer of advanced telematics systems,
cameras, and Driver Monitoring Systems (DMS). Under the terms of the agreement, the Company will acquire the intellectual property and
inventory related to Micronet’s Generation 3 camera at no upfront cost. The acquisition is structured as an earn-out agreement,
with future royalty payments to Micronet contingent upon the sale of products incorporating the acquired camera technology, if any.

As
the transaction represented the acquisition of intangible assets (IP) for contingent variable consideration that depend, among others,
on the company’s future actions, it was determined that the company’s obligation to future payment does not meet the definition
of a financial liability. Thus, it was determined that any