Company: LAAI
Filing Date: 2025-07-14
Form Type: DEF 14C
Source: 0001683168-25-005079
Chunk: 16

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-07-14
Form: DEF 14C
Chunk 16
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ibility
of capital losses is subject to limitations.

U.S. holders should consult
their own tax advisors regarding the application of the foregoing rules to their particular circumstances.

Tax Consequences to Non-U.S. Holders

For purposes of this discussion,
a “non-U.S. holder” is a beneficial owner of Common Stock that is neither a U.S. holder nor a partnership (or an
entity or arrangement treated as a partnership for U.S. federal income tax purposes). Generally, a non-U.S. holder will not
recognize any gain or loss upon the Reverse Stock Split. In particular, any gain or loss realized with respect to cash received in lieu
of a fractional share generally will not be subject to U.S. federal income or withholding tax unless (a) such gain or loss is effectively
connected with the non-U.S. holder’s conduct of a trade or business in the United States (and, if required by an applicable
income tax treaty, is attributable to a U.S. permanent establishment maintained by the non-U.S. holder), (b) the non-U.S. holder
is a nonresident alien individual present in the United States for 183 days or more during the taxable year of the Reverse Stock Split
and certain other conditions are met, or (c) our shares of Common Stock constitute a U.S. real property interest by reason of our
status as a U.S. real property holding corporation for U.S. federal income tax purposes.

The gain described in
clause (a) above generally will be subject to U.S. federal income tax on a net income basis in the same manner as if the non-U.S. holder
were a U.S. holder. A non-U.S. holder that is a foreign corporation also may be subject to a branch profits tax at a rate of
30% (or such lower rate specified by an applicable income tax treaty) on such effectively connected gain, as adjusted for certain items.
A non-U.S. holder described in clause (b) above generally will be subject to U.S. federal income tax at a rate of 30% (or,
if applicable, a lower treaty rate) on the gain realized with respect to cash received in lieu of a fractional share, which may be offset
by certain U.S. source capital losses, even though the non-U.S. holder is not considered a resident of the United States, provided
the non-U.S. holder has timely filed U.S. federal income tax returns with respect to such losses. With