Company: NEWTP
Filing Date: 2025-12-01
Form Type: 424B3
Source: 0001628280-25-054371
Chunk: 54

Company: NewtekOne, Inc.
Filing Date: 2025-12-01
Form: 424B3
Chunk 54
---
 regard to the application of the U.S. federal income tax laws, as well as the application of non-income tax laws and the laws of any state, local or non-U.S. taxing jurisdiction, to your particular situation.

<div align='center'>-44-</div>

This subsection describes the tax consequences to a U.S. Holder whose Old Notes are accepted for the exchange in the Exchange Offer. You are a “U.S. Holder” if you are a beneficial owner of Old Notes and you are, for U.S. federal income tax purposes:

• a citizen or resident of the United States,

• a domestic corporation,

• an estate the income of which is subject to U.S. federal income taxation regardless of its source, or

• a trust if a U.S. court can exercise primary supervision over the trust’s administration and one or more U.S. persons are authorized to control all substantial decisions of the trust.

If you are not a U.S. Holder, this subsection does not apply to you and you should refer to “Tax Consequences to Non-U.S. Holders” below.Tax Consequences of the Exchange

Characterization of the Exchange of Old Notes for New Notes . Under U.S. federal income tax law, the exchange of old debt instruments for new debt instruments constitutes a disposition of the old debt instruments for U.S. federal income tax purposes if the exchange constitutes a “significant modification” of the terms of the old debt instruments. Generally, the modification of a debt instrument is a significant modification if, based on all the facts and circumstances and taking into account all modifications of the debt instrument, the legal rights and obligations under the debt instrument are altered in a manner that is economically significant. The exchange of Old Notes for New Notes will be treated as a significant modification and thus will be treated as a disposition of the Old Notes for U.S. federal income tax purposes.

The tax treatment of an exchange of Old Notes for New Notes pursuant to the Exchange Offer depends upon whether the exchange qualifies as a recapitalization for U.S. federal income tax purposes. In order for an exchange to qualify as a recapitalization, such Old Notes and the corresponding New Notes must both be treated as “securities” under the relevant provisions of the Code. Neither the Code nor the U.S. Treasury regulations define the term “security.” No specific factor controls whether a debt instrument constitutes a security ; however , the determination of whether a New Note or Old Note constitutes a security depends in part on the terms of such notes. Instruments with a