Company: TLSA
Filing Date: 2025-03-24
Form Type: F-3
Source: 0001013762-25-001691
Chunk: 62

Company: Tiziana Life Sciences Ltd
Filing Date: 2025-03-24
Form: F-3
Chunk 62
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 consequences to U.S. Holders (as defined below) of owning and disposing of common shares acquired in this offering. This discussion does not address any aspects of U.S. taxation other than U.S. federal income taxation, does not address any U.S. state, local or non-U.S. tax considerations, and does not purport to be a comprehensive description of all tax considerations that may be relevant to a particular person’s decision to acquire common shares. This discussion applies only to U.S. Holders that hold their common shares as capital assets for U.S. federal income tax purposes. In addition, it does not describe all of the tax consequences that may be relevant in light of a U.S. Holder’s particular circumstances including alternative minimum, gift, and estate tax consequences, and does not address the tax consequences applicable to U.S. Holders subject to special rules, such as:

| ● | a                                                                                           
 holder of common shares who actually or constructively owns or is deemed to own 10% or more 
 of the total combined voting power of all classes of our shares entitled to vote;           |

| ● | a                                                                                           
 U.S. Holder who is also resident or ordinarily resident in Bermuda for Bermuda tax purposes 
 or who is otherwise subject to Bermuda income tax or capital gains tax with respect to our  
 common shares;                                                                              |

| ● | a                                    
 bank or other financial institution; |

| ● | an                 
 insurance company; |

| ● | a                                                                                  
 dealer or trader in securities who uses a mark-to-market method of tax accounting; |

| ● | a                                                                                              
 person holding common shares as part of a hedging transaction, straddle, wash sale, conversion 
 transaction or integrated transaction or a person entering into a constructive sale with       
 respect to common shares;                                                                      |

| ● | a                                                                                          
 U.S. Holder whose functional currency for U.S. federal income tax purposes is not the U.S. 
 dollar;                                                                                    |

| ● | an                                                                                          
 entity classified as a partnership or other pass-through entity for U.S. federal income tax 
 purposes, including persons that will hold our common shares through such an entity;        |

| ● | a                                                                        
 tax-exempt entity, including an “individual retirement account” or “Roth 
 IRA” or retirement plan;                                                 |

| ● | a                
 U.S. expatriate; |

| ● | a                             
 real estate investment trust; |

| ● | a                             
 regulated investment company; |

| ● | a                                                                                          
 person who acquired our common shares