Company: PERI
Filing Date: 2025-03-25
Form Type: 20-F
Source: 0001178913-25-001021
Chunk: 82

Company: Perion Network Ltd.
Filing Date: 2025-03-25
Form: 20-F
Item: Item 5
Chunk 82
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). This new excess tax applies, among other
things, to income from capital gains, dividends, interest, rental income, or the sale of real property.

Estate and Gift Tax. Israeli tax law
presently does not impose estate or gift taxes.

U. S. FEDERAL INCOME TAX CONSIDERATIONS

The following is a description of material U. S. federal income
tax consequences to the U. S. Holders described below of owning and disposing of our ordinary shares, but this discussion does not purport
to be a comprehensive description of all of the tax considerations that may be relevant to a particular person’s decision to own,
or dispose of, our ordinary shares.

This discussion applies only to a U. S. Holder that holds the ordinary
shares as capital assets for U. S. federal income tax purposes (generally, property held for investment). It does not describe all of the
tax consequences that may be relevant in light of a U. S. Holder’s particular circumstances, including any minimum tax, the Medicare
contribution tax on net investment income and tax consequences applicable to U. S. Holders subject to special rules, such as:

  certain financial institutions;  

  dealers or traders in securities that use a mark-to-market method of tax accounting;  

  persons holding ordinary shares as part of a straddle, integrated or similar transaction;  

  persons whose functional currency for U. S. federal income tax purposes is not the U. S. dollar;  

  entities classified as partnerships for U. S. federal income tax purposes and their partners;  

  tax-exempt entities, “individual retirement accounts” or “ Roth IRAs”;  

  real estate investment trusts or regulated investment companies;  

  persons who acquired our ordinary shares pursuant to the exercise of an employee stock option or otherwise as compensation;  

  persons that own or are deemed to own 10% or more of our stock by voting power or value; or  

  persons holding ordinary shares in connection with a trade or business outside the United States. If a partnership (or other entity         

This discussion is based on the Internal Revenue Code of 1986,
as amended (the “ Code”), administrative pronouncements, judicial decisions, final, temporary and proposed Treasury regulations,
and the income tax treaty between the United States and Israel, (the “ Treaty”), all as of the date hereof, any of which is
subject to change, possibly with retroactive effect.

As used herein, a “ U.