Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 146

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 146
---
 rate of 30% on the gross amount of any consideration paid to a Non-U. S. holder in redemption of
such Non-U. S. holder’s common shares unless special procedures are available to Non-U. S. holders to certify that they are entitled
to exemptions from, or reductions in, such withholding tax. However, there can be no assurance that such special certification procedures
will be available. A Non-U. S. holder generally may obtain a refund of any such excess amounts withheld by timely filing an appropriate
claim for refund with the IRS. Non-U. S. holders should consult their tax advisors regarding the application of the foregoing rules in
light of their particular facts and circumstances.

Information Reporting and Backup Withholding

Payments of dividends on our common shares will
not be subject to backup withholding, provided the applicable withholding agent does not have actual knowledge or reason to know the Non-U. S.
holder is a United States person and the Non-U. S. holder either certifies its non-U. S. status, such as by furnishing a valid IRS Form
W-8BEN, W-8BEN-E or W-8ECI, or otherwise establishes an exemption. However, information returns are required to be filed with the IRS
in connection with any dividends on our common shares paid to the Non-U. S. holder, regardless of whether any tax was actually withheld.
In addition, proceeds of the sale, taxable exchange or other taxable disposition of our common shares within the United States or conducted
through certain U. S.-related brokers generally will not be subject to backup withholding or information reporting, if the applicable withholding
agent receives the certification described above and does not have actual knowledge or reason to know that such Non-U. S. holder is a United
States person, or the Non-U. S. holder otherwise establishes an exemption. Proceeds of a disposition of our common shares conducted through
a non-U. S. office of a non-U. S. broker generally will not be subject to backup withholding or information reporting.

Copies of information returns that are filed with
the IRS may also be made available under the provisions of an applicable treaty or agreement to the tax authorities of the country in
which the Non-U. S. holder resides or is established.

Backup withholding is not an additional tax. Any
amounts withheld under the backup withholding rules may be allowed as a refund or a credit against a Non-U. S. holder’s U. S. federal
income tax liability