Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 39

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 39
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 make a QEF election. In addition, we do not intend to furnish such U. S. taxpayers annually
with information needed in order to complete IRS Form 8621 and to make and maintain a valid QEF election for any year in which we are
a PFIC. U. S. taxpayers that hold our ADSs or our ordinary shares are strongly urged to consult their tax advisors about the PFIC rules,
including tax return filing requirements and the eligibility, manner, and consequences to them of making a QEF or mark-to-market election
with respect to our ADSs or our ordinary shares in the event that we are a PFIC. If we are unable to provide this information, the QEF
election will not be available to you. Prospective investors should assume that a QEF election will not be available. See also “ Item
10. E. - Taxation - Certain Material U. S. Federal Income Tax Considerations - Passive Foreign Investment Companies.”

If a United States person is treated as
owning at least 10% of our ordinary shares, such holder may be subject to adverse U. S. federal income tax consequences.

If
a United States person is treated as owning (directly, indirectly or constructively) at least 10% of the value or voting power of our
ordinary shares, such person may be treated as a “ United States shareholder” with respect to each “controlled foreign
corporation” in our group (if any). A United States shareholder of a controlled foreign corporation may be required to annually
report and include in its U. S. taxable income its pro rata share of “ Subpart F income,” “global intangible low-taxed
income” and investments in U. S. property by controlled foreign corporations, whether or not we make any distributions, and may be
subject to tax reporting obligations. An individual that is a United States shareholder with respect to a controlled foreign corporation
generally would not be allowed certain tax deductions or foreign tax credits that would be allowed to a United States shareholder that
is a U. S. corporation. A failure to comply with these reporting obligations may subject you to significant monetary penalties and may
prevent the statute of limitations with respect to your U. S. federal income tax return for the year for which reporting was due from starting.
We cannot provide any assurances that we will assist investors in determining whether any of our non-U. S. subsidiaries are treated as
a controlled foreign corporation or whether such investor is treated as a