Company: SVREW
Filing Date: 2025-03-31
Form Type: F-1
Source: 0001213900-25-026272
Chunk: 48

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-31
Form: F-1
Chunk 48
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 DEPOSITARY SHARES</div>

American Depositary Shares

The Bank of New York Mellon,
as depositary, will register and deliver our ADSs. Each ADS will represent one thousand two hundred (1,200) Ordinary Shares (or
a right to receive one thousand two hundred Ordinary Shares) deposited with Bank Leumi, as custodian for the depositary in
Israel. Each ADS will also represent any other securities, cash or other property which may be held by the depositary. The depositary’s
office at which our ADSs will be administered is located at the depositary’s principal executive office, at 240 Greenwich Street,
New York, N.Y. 10286.

You may hold ADSs either
(A) directly (i) by having an ADR, which is a certificate evidencing a specific number of ADSs, registered in your name or (ii) by having
uncertificated ADSs registered in your name or (B) indirectly by holding a security entitlement in ADSs through your broker or other
financial institution that is a direct or indirect participant in the DTC. If you hold ADSs directly, you are a registered ADS holder,
also referred to as an ADS holder. This description assumes you are an ADS holder. If you hold our ADSs indirectly, you must rely on
the procedures of your broker or other financial institution to assert the rights of ADS holders described in this section. You should
consult with your broker or financial institution to find out what those procedures are.

Registered holders of uncertificated
ADSs will receive statements from the depositary confirming their holdings.

As an ADS holder, we will
not treat you as one of our shareholders and you will not have shareholder rights. Israeli law governs shareholder rights. The depositary
will be the holder of the ordinary shares underlying your ADSs. As a registered holder of ADSs, you will have ADS holder rights. A deposit
agreement among us, the depositary, ADS holders and all other persons indirectly or beneficially holding ADSs sets out ADS holder rights
as well as the rights and obligations of the depositary. New York law governs the deposit agreement and our ADSs.

The following is a summary
of the material provisions of the deposit agreement. For more complete information, you should read the entire deposit agreement and
the form of ADS. For directions on how to obtain copies of those documents see “Where You Can Find Additional Information.”

Dividends and Other Distributions

How will you