Company: SVREW
Filing Date: 2025-03-21
Form Type: DRS
Source: 0001013762-25-001063
Chunk: 5

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: DRS
Chunk 5
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 prepayment events. Upon the occurrence
and during the continuance of any event of default, interest will accrue on the outstanding principal balance of the Promissory Notes
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 under the SEPA if those ADSs, 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 outstanding ADSs or Ordinary Shares.

We are not selling any of
our securities under this prospectus, and we will not receive any of the proceeds from the sale of our securities by Yorkville. However,
the outstanding balances under the Promissory Notes will be reduced by the amount of ADSs sold to Yorkville pursuant to the SEPA. We
will bear all costs, expenses and fees in connection with the registration of the ADSs. Yorkville will bear all commissions and discounts,
if any, attributable to sales of the securities registered herein. See “Plan of Distribution.”

See the section titled “The
Yorkville Transaction” for a description of the transaction contemplated by the SEPA and “Selling Shareholder” for
additional information regarding Yorkville.

As of the date of this Prospectus, we received approximately $5.84
million in aggregate proceeds pursuant to Advances under the SEPA. The amount that we may receive under the SEPA in the future is difficult
to estimate depends on a number of factors, including the Conversion Price, the frequency and prices at which we issue ADSs to Yorkville,
market conditions and the trading price of our Ordinary Shares, our ability to meet the conditions set forth in the SEPA, and determinations
by us as to the appropriate sources of funding for our company and our operations.

Yorkville is an “underwriter”
within