Company: UAC
Filing Date: 2025-12-03
Form Type: S-1
Source: 0001493152-25-025837
Chunk: 243

Company: United Acquisition Corp. I
Filing Date: 2025-12-03
Form: S-1
Chunk 243
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 or that is, for United States federal income tax purposes:

| ● | an                                                            
 individual who is a citizen or resident of the United States; |

| ● | a                                                                                                
 corporation (or other entity taxable as a corporation for United States federal income tax       
 purposes) organized in or under the laws of the United States, any state thereof or the District 
 of Columbia;                                                                                     |

| ● | an                                                                                           
 estate whose income is subject to United States federal income tax regardless of its source; 
 or                                                                                           |

| ● | a                                                                                           
 trust, if (i) a court within the United States is able to exercise primary supervision over 
 the administration of the trust and one or more U.S. persons (as defined in the Code) have  
 authority to control all substantial decisions of the trust or (ii) it has a valid election 
 in effect under Treasury regulations to be treated as a U.S. person.                        |

| 164 |

Taxation of Distributions

Subject to the passive foreign investment company (“PFIC”) rules referenced above in the “ Risk Factors” discussion and discussed further below, a U.S. Holder generally will be required to include in gross income as dividends in the year actually or constructively received by the U.S. Holder the amount of any distribution of cash or other property (other than certain distributions of our shares or rights to acquire our shares) paid on our Class A ordinary shares to the extent the distribution is paid out of our current or accumulated earnings and profits (as determined under United States federal income tax principles). Distributions in excess of such earnings and profits generally will be applied against and reduce the U.S. Holder’s basis in its Class A ordinary shares (but not below zero) and, to the extent in excess of such basis, will be treated as gain from the sale or exchange of such Class A ordinary shares (the treatment of which is described under “- Gain or Loss on Sale, Taxable Exchange or Other Taxable Disposition of Class A Ordinary Shares and Warrants” below). The Company has not maintained and, unless the Company endeavors to provide the information necessary for U.S. Holders to make a qualified electing fund election as described below under “ - Passive Foreign Investment Company Rules”, does not plan to maintain calculations of earnings and profits under U.S. federal income tax principles. Accordingly, it is unlikely that U.S. Holders will be able to establish that a distribution by the Company is in excess of its current and accumulated earnings and profits (as