Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 99

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 9
Chunk 99
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 tax attributable to deemed dividends would be collected from other amounts payable or distributable to the U. S. Holder. U. S.
Holders should consult their tax advisors regarding the proper treatment of any adjustments to and distributions on the warrants.

The discussion above is not
intended to constitute a complete analysis of all tax considerations applicable to an investment in ordinary shares, warrants, or ADSs.
You should consult with your own tax advisor concerning the tax consequences to you in your particular situation.

Australian
Tax Considerations

In this section, we discuss
the material Australian income tax, stamp duty and goods and services tax considerations related to the acquisition, ownership and disposal
by the absolute beneficial owners of the ordinary shares or ADSs. This discussion represents the opinion of Australian counsel to Mobilicom.

It is based upon existing
Australian tax law as of the date of this Annual Report on Form 20-F, which is subject to change, possibly retrospectively. This discussion
does not address all aspects of Australian tax law which may be important to particular investors in light of their individual investment
circumstances, such as shares held by investors subject to special tax rules (for example, financial institutions, insurance companies
or tax-exempt organizations). In addition, this summary does not discuss any foreign or state tax considerations, other than stamp duty
and goods and services tax.

Prospective investors are
urged to consult their tax advisors regarding the Australian and foreign income and other tax considerations of the acquisition, ownership
and disposition of the shares. As used in this summary a “ Non-Australian Shareholder” is a holder that is not an Australian
tax resident and is not carrying on business in Australia through a permanent establishment.

Nature of ADSs for Australian Taxation Purposes

Ordinary shares represented
by ADSs held by a U. S. holder will be treated for Australian taxation purposes as held under a “bare trust” for such holder.
Consequently, the underlying ordinary shares will be regarded as owned by our ADS holder for Australian income tax and capital gains tax
purposes. Dividends paid on the underlying ordinary shares will also be treated as dividends paid to our ADS holder, as the person beneficially
entitled to those dividends. Therefore, in the following analysis we discuss the tax consequences to Non-Australian Shareholders of ordinary
shares for Australian taxation purposes. We note that the holder of an ADS will be treated for Australian tax purposes as the owner of
the underlying ordinary shares that are represented by such ADSs.

Tax