Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 96

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 9
Chunk 96
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 we are a PFIC will be treated as ordinary income and any loss will be treated as ordinary loss, but your
basis in your shares will have been adjusted, as described below, to reflect the amount of ordinary gain or loss that you realized as
a result of each mark-to-market election. Any gain or loss you recognize upon the sale or other disposition of your ordinary shares or
ADSs in a year when we are not a PFIC will be a capital gain or loss. See “Taxation of the Sale, Exchange or other Disposition
of ordinary shares or ADSs”above for the treatment of capital gains and losses.

Your adjusted tax basis in
the ordinary shares or ADSs will be increased by the amount of any income inclusion and decreased by the amount of any losses under the
mark-to-market rules. If you make a mark-to-market election, it will be effective for the taxable year for which the election is made
and all subsequent taxable years unless the ordinary shares or ADSs are no longer regularly traded on a qualified exchange or the IRS
consents to the revocation of the election. You are urged to consult your tax advisors about the availability of the mark-to-market election,
and whether making the election would be advisable in your particular circumstances.

U. S. Holders who hold our
ordinary shares or ADSs during a period when we are a PFIC will be subject to the foregoing rules, even if we cease to be a PFIC. U. S.
Holders are strongly urged to consult their tax advisors about the PFIC rules.

Tax on Net Investment Income

U. S. Holders who are individuals,
estates or trusts will generally be required to pay a 3.8% Medicare tax on their net investment income (including dividends on and gains
from the sale or other disposition of our ordinary shares or ADSs), or in the case of estates and trusts on their net investment income
that is not distributed to beneficiaries of the estate or trust. In each case, the 3.8% Medicare tax applies only to the extent the U. S.
Holder’s total adjusted income exceeds applicable thresholds.

Backup Withholding Tax and Information Reporting
Requirements

Payments of dividends with
respect to the ordinary shares or ADSs and proceeds from the sale, exchange or other disposition of the ordinary shares or ADSs, by a
U. S. paying agent or other U. S. intermediary, or made into the United States, will be reported to the IRS and to the U.