Company: NEWTP
Filing Date: 2025-11-25
Form Type: S-4/A
Source: 0001628280-25-054014
Chunk: 54

Company: NewtekOne, Inc.
Filing Date: 2025-11-25
Form: S-4/A
Chunk 54
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 rules, such as:

• dealers in securities or currencies,

• traders in securities that elect to use a mark-to-market method of accounting for their securities holdings,

• banks or other financial institutions,

• life insurance companies,

• tax-exempt organizations,

• regulated investment companies,

• real estate investment trusts,

• persons deemed to sell Old Notes or New Notes under the constructive sale provisions of the Internal Revenue Code of 1986, as amended (the “Code”),

• controlled foreign corporations,

• passive foreign investment companies,

• persons holding Old Notes or New Notes as a position in a hedging transaction, “straddle”, “conversion transaction” or other risk reduction transaction,

• persons that purchase or sell Old Notes or New Notes as part of a wash sale for tax purposes,

• certain former citizens or residents of the United States, or

• U7.S. Holders (as defined below) whose functional currency for tax purposes is not the U.S. dollar.

If a partnership (including any entity treated as a partnership for U.S. federal income tax purposes) holds Old Notes or New Notes, the tax treatment of a partner in the partnership generally will depend upon the status of the partner and the activities of the partnership. If you are a partner of a partnership holding Old Notes or New Notes, you should consult your tax advisor regarding the tax consequences of the Exchange Offer and the ownership of the New Notes.

This summary is based on the Code, its legislative history, existing and proposed regulations under the Code, published rulings and court decisions, all as currently in effect. These authorities are subject to change, possibly on a retroactive basis. We have not obtained, nor do we intend to obtain, a ruling from the U.S. Internal Revenue Service (the “IRS”) with respect to the statements made and the conclusions reached in the following summary, and there can be no assurance that the IRS will agree with such statements and conclusions.

This summary is for general information purposes only, and is not intended to be, and should not be construed to be, legal or tax advice to any particular holder. You are urged to consult your own tax advisor with 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.

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This subsection describes the tax consequences to a U.S. Holder whose Old Notes are accepted for the exchange in the Exchange Offer