Company: SVREW
Filing Date: 2025-04-03
Form Type: 424B3
Source: 0001213900-25-028394
Chunk: 29

Company: SaverOne 2014 Ltd.
Filing Date: 2025-04-03
Form: 424B3
Chunk 29
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notice of its desire to do so. Each redemption will be irrevocable. In addition to the amount of the outstanding principal and all accrued
and unpaid interest on such principal amount, the Company has to pay a 10% premium.

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The Company is required to make monthly payments under the Promissory
Notes of $500,000 of principal, or the outstanding principal if less than such amount, plus 10%, plus all accrued and unpaid interest
on the principal amount being paid if there is an Amortization Event. Unless waived by Yorkville, an Amortization Event occurs if the
daily VWAP is less than the Floor Price then in effect for three trading days during a period of five consecutive trading days (a “”), or (ii) if Yorkville cannot use the registration statement to sell ADSs. Our obligation to pay these monthly
payments will terminate if (i) the Company resets the floor price which shall be no more than 50% of the closing price on the trading
day immediate before such reset (and cannot be greater than the Floor Price then in effect), (ii) the daily VWAP is greater than 110%
of the Floor Price then in effect for 10 consecutive days, or (iii) Yorkville can use the registration statement to sell its ADSs. As
of the date of this prospectus, an outstanding balance of approximately $132,000 remains due under these promissory notes. Yorkville has
waived through April 21, 2025, any Amortization Event under the SEPA as a result of a Floor Price Event.

Yorkville may declare the
full unpaid principal amount of the Promissory Notes, together with interest and other amounts owing in respect thereof, immediately
due and payable in cash upon the occurrence of certain specified events of default and mandatory prepayment events. Upon the occurrence
and during the continuance of any event of default, interest will accrue on the outstanding principal balance of the Convertible Debenture
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