Save Foods enters stock exchange agreement to issue 19.99% shares to Yaaran Investments

On July 11, 2023, Save Foods, Inc. (the “Company” or “Save Foods”), entered into a stock exchange agreement (the “Agreement”), by and among the Company, Save Foods Ltd., an Israeli company, Yaaran Investments Ltd., an Israeli company (“Yaaran”), and NewCo, a yet-to-be formed Israeli company (“NewCo”, and together, the “Parties”), pursuant to which the Company agreed to issue to Yaaran 19.99% of its issued and outstanding capital stock as of immediately prior to the Closing (as defined in the Agreement), and in consideration thereof Save Foods Ltd., the majority-owned subsidiary of the Company, shall be issued such number of shares representing 60% of NewCo’s share capital on a fully diluted pre-Closing basis.