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es' income and assets for such taxable year. If Mobileye were a PFIC in the current taxable year or in any prior taxable year in which the tendering U.S. Holder has held the Shares. then such U.S. Holder generally would be subject to adverse U.S. federal income tax consequences with respect to gain recogniz
to the Offer or whose Shares are not tendered but who receive cash in the Post-Offer Reorganization. The summary is based on current provisions of the Israel Income Tax Ordinance (New Version). 5721 — 1961 (the "Ordinance"). and regulations thereunder and administrative and judicial interpretations thereof, all of which are subject to cha
es' income and assets for such taxable year. If Mobileye were a PFIC in the current taxable year or in any prior taxable year in which the tendering U.S. Holder has held the Shares. then such U.S. Holder generally would be subject to adverse U.S. federal income tax consequences with respect to gain recogniz
to the Offer or whose Shares are not tendered but who receive cash in the Post-Offer Reorganization. The summary is based on current provisions of the Israel Income Tax Ordinance (New Version). 5721 — 1961 (the "Ordinance"). and regulations thereunder and administrative and judicial interpretations thereof, all of which are subject to cha
es' income and assets for such taxable year. If Mobileye were a PFIC in the current taxable year or in any prior taxable year in which the tendering U.S. Holder has held the Shares. then such U.S. Holder generally would be subject to adverse U.S. federal income tax consequences with respect to gain recogniz
to the Offer or whose Shares are not tendered but who receive cash in the Post-Offer Reorganization. The summary is based on current provisions of the Israel Income Tax Ordinance (New Version). 5721 — 1961 (the "Ordinance"). and regulations thereunder and administrative and judicial interpretations thereof, all of which are subject to cha
Entities connected to both U.S. Holder and the Israel Income Tax Ordinance (New Version