Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 95

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 9
Chunk 95
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 ordinary income and such U. S. Holder’s pro rata share of our net capital gains as long-term
capital gain, regardless of whether we make any distributions of such earnings or gain. In general, a QEF election is effective only if
we make available certain required information. The QEF election is made on a shareholder-by-shareholder basis and generally may be revoked
only with the consent of the IRS. While we will make an effort to provide such information, we cannot assure you that we will be able
to do so. If we are unable to provide this information, the QEF election will not be available to you.

In addition, in certain circumstances,
in lieu of being subject to the PFIC rules discussed above, you may make an election - the “mark-to-market election”
to include in your income each year the unrealized appreciation of your PFIC stock during the year. The mark-to-market election is available
only if our stock is regularly traded on a qualified exchange. Under current law, the mark-to-market election may be available to U. S.
Holders of ADSs if our ADSs are listed on Nasdaq, which constitutes a qualified exchange, although there can be no assurance that our
ADSs will be “regularly traded” for purposes of the mark-to-market election. Additionally, because a mark-to-market election
cannot be made for equity interests in any lower-tier PFIC that we may own, a U. S. Holder that makes a mark-to-mark election with respect
to us may continue to be subject to the PFIC rules with respect to any indirect investments held by us that are treated as an equity interest
in a PFIC for U. S. federal income tax purposes.

If you make an effective mark-to-market
election, you will include in each year that we are a PFIC as ordinary income the excess of the fair market value of your ordinary shares
or ADSs at the end of your taxable year over your adjusted tax basis in the ordinary shares or ADSs. You will be entitled to deduct as
an ordinary loss in each such year the excess of your adjusted tax basis in the ordinary shares or ADSs over their fair market value at
the end of the year, but only to the extent of the net amount previously included in income as a result of the mark-to-market election.
If you make an effective mark-to-market election, any gain you recognize upon the subsequent sale or other disposition of your ordinary
shares or ADSs in a year that