Company: TLSA
Filing Date: 2025-03-24
Form Type: F-3
Source: 0001013762-25-001691
Chunk: 61

Company: Tiziana Life Sciences Ltd
Filing Date: 2025-03-24
Form: F-3
Chunk 61
---
 stockholders entitled to vote thereon consent in writing to such dissolution.                                                   |
|                     | Shareholders’ derivative actions                                                                                                           |     |   |                                                                                                                                             |
| —                   | Class                                                                                                                                      
 actions and derivative actions are generally not available to shareholders under Bermuda law. Bermuda courts, however, would ordinarily    
 be expected to permit a shareholder to commence an action in the name of a company to remedy a wrong to the company where the act          
 complained of is alleged to be beyond the corporate power of the company or illegal, or would result in the violation of the company’s     
 memorandum of association or bye-laws. Furthermore, consideration would be given by a Bermuda court to acts that are alleged to constitute 
 a fraud against the minority shareholders or, for instance, where an act requires the approval of a greater percentage of the company’s    
 shareholders than that which actually approved it.                                                                                         |     | — | In                                                                                                                                          
 any derivative suit instituted by a stockholder of a corporation, it shall be averred in the complaint that the plaintiff was a stockholder 
 of the corporation at the time of the transaction of which he complains or that such stockholder’s stock thereafter devolved                
 upon such stockholder by operation of law.                                                                                                  |

<div align='center'>S-16

MATERIAL TAX CONSIDERATIONS</div>

The following is a discussion of the material Bermuda and U.S. federal income tax considerations that may be relevant to an investment decision by a potential investor with respect to our common shares.

Bermuda Tax Considerations

At the present time, there is no Bermuda income or profits tax, withholding tax, capital gains tax, capital transfer tax, estate duty or inheritance tax payable by us or by our shareholders in respect of our shares. We have obtained an assurance from the Minister of Finance of Bermuda under the Exempted Undertakings Tax Protection Act 1966 that, in the event that any legislation is enacted in Bermuda imposing any tax computed on profits or income, or computed on any capital asset, gain or appreciation or any tax in the nature of estate duty or inheritance tax, such tax shall not, until March 31, 2035, be applicable to us or to any of our operations or to our shares, debentures or other obligations except insofar as such tax applies to persons ordinarily resident in Bermuda or is payable by us in respect of real property owned or leased by us in Bermuda.

U.S. Federal Income Tax Considerations

The following are the material U.S. federal income tax