Company: BDRX
Filing Date: 2025-11-24
Form Type: 424B3
Source: 0001214659-25-017135
Chunk: 74

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-24
Form: 424B3
Chunk 74
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 Agreement be terminated?

The
depositary may at any time, and shall at our written direction, terminate the Deposit Agreement and the ADRs by mailing notice of such
termination to the registered holders of ADRs at least thirty (30) days prior to the date fixed in such notice for such termination;
provided, however, if the depositary shall have (i) resigned as depositary under the Deposit Agreement, notice of such termination by
the depositary shall not be provided to registered ADR holders unless a successor depositary shall not be operating under the Deposit
Agreement within sixty (60) days of the date of such resignation, and (ii) been removed as depositary under the Deposit Agreement, notice
of such termination by the depositary shall not be provided to registered holders of ADRs unless a successor depositary shall not be
operating under the Deposit Agreement on the 60th day after our notice of removal was first provided to the depositary. Notwithstanding
anything to the contrary in the Deposit Agreement, the depositary may terminate the Deposit Agreement (a) without notifying us, but subject
to giving thirty (30) days’ notice to the ADR holders, under the following circumstances: (i) in the event of our bankruptcy, liquidation
proceedings or insolvency, (ii) if our Depositary Shares are delisted from a “national securities exchange” (that has registered
with the Commission under Section 6 of the Securities Exchange Act of 1934, as amended), (iii) if we effect (or will effect) a redemption
of all or substantially all of the deposited securities, or a cash or share distribution representing a return of all or substantially
all of the value of the deposited securities, (iv) there are no deposited securities with respect to Depositary Shares remaining, including
if the deposited securities are cancelled, or the deposit securities have been deemed to have no value, or (v) there occurs a merger,
consolidation, sale of assets or other transaction as a result of which securities or other property are delivered in exchange for or
in lieu of deposited securities, and (b) immediately without prior notice to the Company, any ADR holder or beneficial owner or any other
person if (i) required by any law, rule or regulation relating to sanctions by any governmental authority or body, (ii) the depositary
would be subject to liability under or pursuant to any law, rule or regulation, or (iii) required by