Company: SVREW
Filing Date: 2025-03-21
Form Type: DRS
Source: 0001013762-25-001063
Chunk: 3

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: DRS
Chunk 3
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 the Company’s ADSs for an aggregate subscription amount of up to
$15 million (the “Commitment Amount”), at any time from the date of the SEPA until July 16, 2027, unless terminated
earlier pursuant to the SEPA (the “Commitment Period”), by delivering written notice to Yorkville (each, an “Advance
Notice”). As described below, without Yorkville’s consent, the Company does not have the right to require Yorkville to subscribe
for any ADSs if a balance remains outstanding under the promissory notes issued to Yorkville, unless an Amortization Event (as defined
below) has occurred and the proceeds of any Advance is applied towards repayment of a balance under those promissory notes.

Yorkville has previously
advanced to the Company the principal amount of $3,000,000 (the “Pre-Paid Advance”), evidenced by convertible promissory
notes (the “Promissory Notes”), which are convertible into Company’s ADSs. The first Pre-Paid Advance in a principal
amount of $1,000,000 was advanced on July 17, 2024, the second Pre-Paid Advance in a principal amount of $1,000,000 was advanced
on July 26, 2024, upon filing of the Prior Registration Statement, and the third Pre-Paid Advance in a principal amount of $1,000,000
was advanced to the Company on August 8, 2024, the second trading day after the date of effectiveness of the Initial Registration
Statement. Each Pre-Paid Advance was subject to a 3% discount on the principal amount of the Pre-Paid Advance.

Principal, interest and any
other payments due under the Promissory Notes shall be paid in cash on January 16, 2026 (the “Maturity Date”), unless converted
by Yorkville or redeemed by the Company. Except as specifically permitted by the terms of the Promissory Notes, the Company may not prepay
or redeem any portion of the outstanding principal and accrued and unpaid interest thereunder. Subject to the terms set forth in the
Promissory Notes, at any time on or after the issuance date, Yorkville shall be entitled to convert any portion of the outstanding principal
of the Promissory Notes plus accrued and unpaid interest on such outstanding principal of the Promissory Notes (such amount, the “Conversion
Amount”) into ADSs at the Conversion Price. The number of ADSs iss