Save Foods, Inc. announced that it has entered into standby equity purchase agreement with new investor YA II PN, LTD, a fund managed by Yorkville Advisors Global LP to issue common shares for the gross proceeds of $20,000,000 on December 22, 2023. The Purchase Agreement will terminate automatically on the earlier of December 22, 2027 or when the Investor has purchased an aggregate of $20 million shares of the Company?s Common Stock. The Company has the right to terminate the Purchase Agreement upon five trading days?

prior written notice to the Investor. The Company paid a subsidiary of the Investor a structuring fee in the amount of $10,000 and issued the Investor 110,554 shares of Common Stock (the ?Commitment Shares?) as a commitment fee. The Company and the Investor made certain representations and warranties to each other that are customary for transactions similar to this one, subject to specified exceptions and qualifications.

The issuances of the Commitment Shares are exempt from registration under Section 4(a)(2) of Securities Act of 1933, as amended, as transactions by an issuer not involving any public offering.