Company: SVREW
Filing Date: 2025-04-03
Form Type: 424B3
Source: 0001213900-25-028394
Chunk: 40

Company: SaverOne 2014 Ltd.
Filing Date: 2025-04-03
Form: 424B3
Chunk 40
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 Association or the laws of the State
of Israel, except for ownership by nationals of some countries that are, or have been, in a state of war with Israel.

Election of directors

On February 17, 2025, at
the special meeting of shareholders, our shareholders approved a new amendment to our Articles of Association, which established the
division of the Board of Directors of the Company into staggered three-year terms. In addition, an affirmative vote of 75% of the voting
power represented at a general meeting and voting thereon, disregarding abstentions from the count of the voting power present and voting,
provided that the quorum is not less than 25% of the Company’s then issued and outstanding share capital, is required to amend
our Articles of Association with respect to the provisions relating to the staggered board, dismissal and the provisions relating to
shareholder proposals.

Our ordinary shares do not
have cumulative voting rights for the election of directors. As a result, the holders of a majority of the voting power represented at
a shareholders meeting have the power to elect the director(s), subject to the special approval requirements for external directors under
the Companies Law described under “Management — External directors.”

Under our Articles of Association,
our board of directors must consist of no less than three but no more than 12 directors, including external directors. Pursuant to our
Articles of Association, other than the external directors, for whom special election requirements apply under the Companies Law, the
vote required to appoint a director is a simple majority vote of holders of our voting shares participating and voting at the relevant
meeting.

In addition, our Articles
of Association allow our board of directors to appoint new directors to fill in vacancies which can occur for any reason or as additional
directors, provided that the number of board members shall not exceed the maximum number of directors mentioned above. The appointment
of a director by the board shall be in effect until the following annual general meeting of the shareholders or until the end of the
director’s tenure in accordance with 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.

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Dividend and liquidation rights

We may declare a dividend
to be paid