Company: SVREW
Filing Date: 2025-03-21
Form Type: DRS
Source: 0001013762-25-001063
Chunk: 16

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: DRS
Chunk 16
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-months, at a price
equal to 95% of the lowest of the 3 daily VWAPs (VWAP” means, for any trading day, the daily volume weighted average price of our
ADSs for such trading day on the Nasdaq Stock Market during regular trading hours as reported by Bloomberg L.P.).

In connection with the Prior
SEPA, Yorkville advanced to the Company $3,000,000, evidenced by two promissory notes: (i) the First Promissory Note in principal amount
of $2,000,000 was issued upon execution of the Prior SEPA, and (ii) the Second Promissory Note in principal amount of $1,000,000 was
issued by the Company to Yorkville on December 11, 2023, when the Company and Yorkville entered into a first amendment to the Prior SEPA.
On March 25, 2024, the parties entered into a second amendment to the Prior SEPA under which the Commitment Amount was increased from
$10,000,000 to $15,000,000. As the date of this Prospectus, the Company fully repaid both Promissory Notes and sold a total of 50,409,240
ordinary shares represented by 42,008 ADSs under the Prior SEPA, for aggregate gross proceeds of approximately $6.15 million.

SEPA-See
the section titled “The Yorkville Transaction” for a description of the transaction contemplated by the SEPA entered
into on July 26, 2024.

Other Transactions

On November 11, 2024, the Company issued to Yorkville, an unsecured
non-convertible promissory note (the “November 24 Promissory Note”) in the original principal amount of $1,000,000. The November
24 Promissory Note will mature on November 11, 2025, bears an interest at a rate of 8.0%, and was issued with a 3% original issue discount.
Pursuant to the terms of the November 24 Promissory Note, it will be repaid in 10 equal monthly installments beginning on the 90th day
from the date of the issuance. On March 19, 2025, Yorkville agreed to modify the November 24 Promissory Note to postpone the remaining
nine monthly payment thereunder by 30 days from the original payment schedule such that the maturity date is extended to