Company: ALCE
Filing Date: 2025-12-08
Form Type: DEF 14C
Source: 0001213900-25-118968
Chunk: 11

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-12-08
Form: DEF 14C
Chunk 11
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 our common stock in an individual retirement account, 401(k) plan
or similar tax-favored account or partnerships or other pass-through entities for U.S. federal income tax purposes and investors
in such entities.

This summary does not address any U.S. federal
tax consequences other than U.S. federal income tax consequences (such as estate or gift tax consequences), the Medicare tax on net
investment income, the alternative minimum tax or any U.S. state, local or foreign tax consequences. This summary also does not address
any U.S. federal income tax considerations relating to any other transaction other than the Reverse Stock Split.

For purposes of this summary, a “U.S. holder”
means a beneficial owner of our common stock that is, for U.S. federal income tax purposes:

| ● | an individual who is a citizen or resident of the U.S.; |

| ● | a corporation created or organized in or under the laws of the 
 U.S., any state thereof or the District of Columbia;           |

| ● | an estate the income of which is subject to U.S. federal 
 income taxation regardless of its source; or             |

| ● | a trust if (1) it is subject to the primary supervision                                                                      
 of a court within the U.S. and one or more U.S. persons have the authority to control all substantial decisions of the trust 
 or (2) it has a valid election in effect under applicable U.S. Treasury regulations to be treated as a U.S. person.          |

If an entity (or arrangement) classified as a
partnership for U.S. federal income tax purposes holds shares of our common stock, the tax treatment of a partner in the partnership
will generally depend upon the status of the partner and the activities of the partnership. If a holder of our common stock is a partner
of a partnership holding shares of our common stock, such holder should consult his or her own tax advisor.

This summary of certain U.S. federal income tax consequences is for general information only and is not tax advice. Stockholders are urged to consult their own tax advisor with respect to the application of U.S. federal income tax laws to their particular situation as well as any tax considerations arising under other U.S. federal tax laws (such as the estate or gift tax laws) or under the laws of any state, local, foreign or other taxing jurisdiction or under any applicable tax treaty.

The Reverse Stock Split is intended to be treated
as a recapitalization for U.S. federal