Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 37

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 37
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, which would be conducted according to different civil procedures and may result in different
outcomes than a trial by jury would have had, including results that could be less favorable to the plaintiff(s) in any such action, depending
on, among other things, the nature of the claims, the judge or justice hearing such claims, and the venue of the hearing.

As
the jury trial waiver relates to claims arising out of or relating to the ADSs or the deposit agreement, we believe that the waiver would
likely continue to apply to ADS holders or beneficial owners who withdraw the ordinary shares from the ADS facility with respect to claims
arising before the cancellation of the ADSs and the withdrawal of the ordinary shares, and the waiver would likely not apply to ADS holders
or beneficial owners who subsequently withdraw the ordinary shares represented by ADSs from the ADS facility with respect to claims arising
after the withdrawal. However, to our knowledge, there has been no case law on the applicability of the jury trial waiver to ADS holders
or beneficial owners who withdraw the ordinary shares represented by the ADSs from the ADS facility.

We may be or may
become classified as a passive foreign investment company. If we are or become classified as a passive foreign investment company, U. S.
holders of our ordinary shares or ADSs may suffer adverse tax consequences as a result.

Generally,
for any taxable year, if at least 75% of our gross income is passive income, or at least 50% of the value of our assets is attributable
to assets that produce passive income or are held for the production of passive income, including cash, we would be characterized as a
passive foreign investment company, or PFIC, for U. S. federal income tax purposes. For purposes of these tests, passive income includes
dividends, interest gains from commodities and securities transactions, the excess of gains over losses from the disposition of assets
which produce passive income (including amounts derived by reason of the temporary investment of funds raised in offerings of our shares)
and rents and royalties other than rents and royalties which are received from unrelated parties in connection with the active conduct
of a trade or business. If we are characterized as a PFIC, U. S. holders of our ordinary shares or ADSs may suffer adverse tax consequences,
including having gains realized on the sale of our ordinary shares or ADSs treated as ordinary income, rather than capital gain, the loss
of the preferential rate applicable to dividends received on our ordinary shares or ADSs