Company: SVREW
Filing Date: 2025-04-03
Form Type: 424B3
Source: 0001213900-25-028394
Chunk: 28

Company: SaverOne 2014 Ltd.
Filing Date: 2025-04-03
Form: 424B3
Chunk 28
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ortization Event has occurred and the proceeds of any Advance is applied towards repayment of a balance under those promissory notes.

Yorkville agreed to advance
to the Company the principal amount of $3,000,000 (the “Pre-Paid Advance”), evidenced by 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, the date of the filing of the
Initial 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 effectiveness of the Initial Registration Statement. Each Pre-Paid Advance
was subject to a 3% discount of 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 issuable upon conversion of the Conversion Amount will be determined
by dividing (x) such Conversion Amount by (y) the lower of (i) $126.78 per ADS, or (ii) 95% of the lowest daily VWAP during
the 5 consecutive trading days immediately preceding the Conversion Date or other date of determination (the “Conversion Price”),
but not lower than the Floor Price. The Conversion Price will be adjusted from time to time pursuant to the terms and conditions of the
Promissory Notes.

The Company has the option
to redeem a portion or all amounts outstanding under the Promissory Notes, provided that the Company provides Yorkville with prior written