Company: LAAI
Filing Date: 2025-07-02
Form Type: PRE 14C
Source: 0001683168-25-004891
Chunk: 15

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-07-02
Form: PRE 14C
Chunk 15
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 the partner level. Holders and partners in entities or arrangements treated as partnerships for U.S. federal income tax purposes should consult their own tax advisors regarding the U.S. federal, state, local, and foreign income and other tax consequences of the Reverse Stock Split.

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Tax Consequences to U.S. Holders

For purposes of this discussion,
a “U.S. holder” is a beneficial owner of our shares of Common Stock who is, for U.S. federal income tax purposes: (i) an
individual who is a citizen or resident of the United States; (ii) a corporation (or other entity treated as a corporation for U.S.
federal income tax purposes) created or organized under the laws of the United States, any state thereof, or the District of Columbia;
(iii) an estate the income of which is subject to U.S. federal income taxation regardless of its source; or (iv) a trust that
(1) is subject to the primary supervision of a U.S. court and the control of one or more “United States persons” (within
the meaning of Section 7701(a)(30) of the Code), or (2) has a valid election in effect to be treated as a United States person
for U.S. federal income tax purposes.

The Reverse Stock Split
should be treated as a recapitalization for U.S. federal income tax purposes. Therefore, except as described below with respect to cash
received in lieu of fractional shares, no gain or loss will be recognized upon the Reverse Stock Split. Accordingly, the aggregate tax
basis of the U.S. holder in the new shares should equal the U.S. holder’s aggregate tax basis in its old shares of Common Stock
(excluding the portion of the tax basis that is allocable to any fractional share), and the holding period for the new shares should include
the holding period for the old shares.

A U.S. holder who receives cash
in lieu of a fractional share of our Common Stock pursuant to the Reverse Stock Split generally should recognize capital gain or loss
in an amount equal to the difference between the amount of cash received and the portion of the U.S. holder’s tax basis in the old
shares that is allocated to such fractional share of our Common Stock. Such capital gain or loss generally will be long-term capital gain
or loss if the U.S. holder has held the old shares for more than one year as of the effective date of the Reverse Stock Split. The deductibility