Company: PERI
Filing Date: 2025-03-25
Form Type: 20-F
Source: 0001178913-25-001021
Chunk: 133

Company: Perion Network Ltd.
Filing Date: 2025-03-25
Form: 20-F
Item: Item 10
Chunk 133
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•   persons whose functional currency for U.S. federal income tax purposes is not the U.S. dollar;
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•   entities classified as partnerships for U.S. federal income tax purposes and their partners;
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•   tax-exempt entities, “individual retirement accounts” or “Roth IRAs”;
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•   real estate investment trusts or regulated investment companies;
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•   persons who acquired our ordinary shares pursuant to the exercise of an employee stock option or otherwise as compensation;
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•   persons that own or are deemed to own 10% or more of our stock by voting power or value; or
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•      persons holding ordinary shares in connection with a trade or business outside the United States .If a partnership (or other entity    
      that is classified as a partnership for U.S. federal income tax purposes) owns ordinary shares, the U.S. federal income tax treatment   
    of a partner will generally depend on the status of the partner and the activities of the partnership. Partnerships owning ordinary shares
     and their partners should consult their tax advisers as to their particular U.S. federal income tax consequences of owning and disposing 
                                                               of ordinary shares.                                                            
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This discussion is based on the Internal Revenue Code of 1986, as amended (the “Code”), administrative pronouncements, judicial decisions, final, temporary and proposed Treasury regulations, and the income tax treaty between the United States and Israel, (the “Treaty”), all as of the date hereof, any of which is subject to change, possibly with retroactive effect.
 
As used herein, a “U.S. Holder” is a person that is eligible for the benefits of the Treaty and is, for U.S. federal income tax purposes, a beneficial owner of ordinary shares and:
 

•   a citizen or individual resident of the United States;
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•   a corporation, or other entity taxable as a corporation, created or organized in or under the laws of the United States, any state
                                                 therein or the District of Columbia; or                                              
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•   an estate or trust the income of which is subject to U.S. federal income taxation regardless of its source.
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This discussion does not address any U.S. federal taxes (such as estate or gift taxes) other than income taxes, nor does it address any state, local or non-U.S. tax considerations. U.S. Holders should consult their tax advisers concerning the U