Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 98

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 9
Chunk 98
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 (including on IRS Form 8621) containing such information as the
U. S. Treasury requires (whether or not a mark-to-market election is or has been made). A U. S. Holder that is not otherwise required to
file a U. S. tax return must still file IRS Form 8621 in accordance with the instructions for such form. Failure to file IRS Form 8621
for each applicable taxable year may result in substantial penalties and the statute of limitations on the assessment and collection of
U. S. federal income taxes of such U. S. Holder for the related taxable year may not close until three years after the date on which the
required information is filed. U. S. Holders should consult their tax advisors regarding the IRS information reporting and filing obligations
that may arise as a result of the ownership of shares in a PFIC, including IRS Form 8621.

Exercise and Expiration of Warrants

In general, a U. S. Holder
will not recognize gain or loss for U. S. federal income tax purposes upon the exercise of warrants into ADSs. The U. S. federal income
tax treatment of a cashless exercise of warrants into our ADSs is unclear. U. S. Holders should consult their tax advisors regarding the
U. S. federal income tax consequences of a cashless exercise of warrants.

The expiration of a warrant
will be treated as if the U. S. Holder sold or exchanged the warrant and recognized a capital loss equal to the U. S. Holder’s tax
basis in the warrant.

Certain Adjustments to the Warrants

Under Section 305 of the Code,
an adjustment to the number of ADSs issued on the exercise of the warrants, or an adjustment to the exercise price of the warrants, may
be treated as a constructive distribution to a U. S. Holder of the warrants if, and to the extent that, such adjustment has the effect
of increasing such U. S. Holder’s proportionate interest in our “earnings and profits” or assets, depending on the circumstances
of such adjustment (for example, if such adjustment is to compensate for a distribution of cash or other property to our shareholders).
An adjustment to the warrants that could result in a constructive distribution to a U. S. Holder would be treated as described under “ Taxation
of Dividends Paid on ordinary shares or ADSs” above, and the tax treatment of distributions on the warrants is unclear. Any resulting
withholding