Company: SVREW
Filing Date: 2025-03-31
Form Type: F-1
Source: 0001213900-25-026272
Chunk: 32

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-31
Form: F-1
Chunk 32
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 trading
day immediate before such reset (and cannot be greater than the Floor Price then in effect), (ii) the daily VWAP is greater than 110%
of the Floor Price then in effect for 10 consecutive days, or (iii) 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 prepayment events. Upon the occurrence
and during the continuance of any event of default, interest will accrue on the outstanding principal balance of the Convertible Debenture
at a rate of 18% per annum.

At any time that a balance
under a Promissory Note is outstanding, Yorkville may, by providing written notice to the Company (an “Investor Notice”),
require the Company to issue and sell shares to Yorkville as set out in the relevant Investor Notice, subject to certain limitations
as set forth in the SEPA. The purchase price of the shares delivered pursuant to an Investor Notice shall be equal to the Conversion
Price then in effect and shall be paid by offsetting the amount of the aggregate purchase price to be paid by Yorkville against an equal
amount outstanding under the Promissory Note.

The SEPA does not require
Yorkville to subscribe for or acquire any ADSs or Ordinary Shares under the SEPA if those ADS, when aggregated with all other ADSs or
Ordinary Shares acquired by Yorkville under the SEPA, would result in Yorkville beneficially owning more than 9.99% of the then outstanding
ADSs or Ordinary Shares.

Conditions to the Delivery of Advance Notices

Our ability to deliver Advance
Notices to Yorkville under the SEPA is subject to the restrictions set forth in the SEPA and the satisfaction of certain conditions set
forth in the SEPA, all of which are entirely outside of Yorkville’s control, including, among other things, the following:

| ● | the Company shall, in its                                                                                                             
 sole discretion, select the number of Advance Shares, not to exceed the Maximum Advance