Company: TLSA
Filing Date: 2025-03-24
Form Type: F-3
Source: 0001013762-25-001691
Chunk: 63

Company: Tiziana Life Sciences Ltd
Filing Date: 2025-03-24
Form: F-3
Chunk 63
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 pursuant to the exercise of an employee stock option 
 or otherwise as compensation; or                                                           |

| ● | a                                                                                         
 person holding our common shares in connection with a trade or business conducted outside 
 of the United States.                                                                     |

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A “U.S. Holder” is a beneficial owner of common shares that for U.S. federal income tax purposes is:

| ● | an                                                              
 individual citizen or individual resident of the United States; |

| ● | a                                                                                           
 corporation, or other entity taxable as a corporation, created or organized in or under the 
 laws of the United States or any political subdivision thereof; or                          |

| ● | a                                                                                              
 trust, if a court within the United States is able to exercise primary supervision over its    
 administration and one or more U.S. persons have the ability to control all of the substantial 
 decisions of such trust, or if such trust has a valid election in effect to be treated as      
 a United States person; or                                                                     |

| ● | an                                                                                              
 estate the income of which is subject to U.S. federal income taxation regardless of its source. |

| ● | U.S.                                                                                            
 Holders should consult their tax advisers concerning the U.S. federal, state, local and foreign 
 tax consequences of owning and disposing of common shares in their particular circumstances.    |

If an entity that is classified as a partnership for U.S. federal income tax purposes holds common 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 holding common shares and partners in such partnerships should consult their tax advisers as to the particular U.S. federal income tax consequences of owning and disposing of common shares.

This discussion is based on the Code, administrative pronouncements, judicial decisions and final, temporary and proposed U.S. Treasury regulations all as of the date hereof, any of which is subject to change, possibly with retroactive effect, and to differing interpretations, all of which could affect the tax considerations described below. There can be no assurances that the Internal Revenue Service, or IRS, will not take a different position concerning the tax consequences of the acquisition, ownership and disposition of the common shares or that such a position would not be sustained.

U.S. Holders should consult their tax advisers concerning the U.S. federal, state, local and foreign tax consequences of owning and disposing of common shares in their particular circumstances.

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