Company: SVREW
Filing Date: 2025-07-01
Form Type: F-1
Source: 0001213900-25-060400
Chunk: 41

Company: SaverOne 2014 Ltd.
Filing Date: 2025-07-01
Form: F-1
Chunk 41
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 our Articles of Association.

Our external directors have
a term of office of three years under Israeli law and may be elected for up to two additional three-year terms (or more under certain
circumstances) under the circumstances described above. External directors may be removed from office only under the limited circumstances
set forth in the Companies Law.

Dividend and liquidation rights

We may declare a dividend
to be paid to the holders of our Ordinary Shares in proportion to their respective shareholdings. Under the Companies Law, dividend distributions
are determined by the board of directors and do not require the approval of the shareholders of a company unless the company’s articles
of association provide otherwise. Our Articles of Association do not require shareholder approval of a dividend distribution and provide
that dividend distributions may be determined by our board of directors.

Pursuant to the Companies
Law, the distribution amount is limited to the greater of retained earnings or earnings generated over the previous two years, according
to our then last reviewed or audited financial statements, provided that the date of the financial statements is not more than six months
prior to the date of the distribution, or we may distribute dividends that do not meet such criteria only with court approval. In each
case, we are only permitted to distribute a dividend if our board of directors and the court, if applicable, determines that there is
no reasonable concern that payment of the dividend will prevent us from satisfying our existing and foreseeable obligations as they become
due. As of December 31, 2024, we did not have distributable earnings pursuant to the Companies Law.

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In the event of our liquidation,
after satisfaction of liabilities to creditors, our assets will be distributed to the holders of our Ordinary Shares in proportion to
their shareholdings. This right, as well as the right to receive dividends, may be affected by the grant of preferential dividend or distribution
rights to the holders of a class of shares with preferential rights that may be authorized in the future. For more information, see “Dividend
Policy.”

Exchange controls

There are currently no Israeli
currency control restrictions on remittances of dividends on our Ordinary Shares, proceeds from the sale of the shares or interest or
other payments to non-residents of Israel.

Shareholder meetings

Under Israeli law, we are
required to hold an annual general meeting of our shareholders once each calendar year that must be held no later than 15 months after
the date of the previous annual