Company: BDRX
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001214659-25-000937
Chunk: 19

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-21
Form: 424B3
Chunk 19
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 VWAP Purchase Notice
directing the Investor to purchase an amount of Purchase Shares that exceeds the VWAP Purchase Share Amount that the Company is then permitted
to include in such VWAP Purchase Notice, such VWAP Purchase Notice shall be void ab initio to the extent of the amount by which
the number of Purchase Shares set forth in such VWAP Purchase Notice exceeds the VWAP Purchase Share Amount that the Company is then permitted
to include in such VWAP Purchase Notice (which shall be confirmed in a VWAP Purchase Confirmation), and the Investor shall have no obligation
to purchase such excess Purchase Shares in respect of such VWAP Purchase Notice; , , that the Investor shall
remain obligated to purchase the VWAP Purchase Share Amount which the Company is permitted to include in such VWAP Purchase Notice. Within
one (1) Business Day after each VWAP Purchase Date for a VWAP Purchase, the Investor will provide to the Company a written confirmation
of such VWAP Purchase setting forth the applicable VWAP Purchase Share Amount and VWAP Purchase Price for such VWAP Purchase (each, a
“”). Notwithstanding the foregoing, the Company shall not deliver any VWAP Purchase Notices
to the Investor during the PEA Period.

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(c) . Subject to the terms and conditions of this Agreement, from and after the Commencement Date, until the Maturity Date
or as earlier terminated in accordance with the terms of this Agreement, in addition to purchases of Purchase Shares as described in and above, the Company shall also have the right, but not the obligation, to direct the Investor, by its
delivery to the Investor of an Additional VWAP Purchase Notice on an Additional VWAP Purchase Date in accordance with this Agreement,
to purchase the applicable Additional VWAP Purchase Share Amount at the applicable Additional VWAP Purchase Price therefor in accordance
with this Agreement (each such purchase, an “”). The Company may deliver multiple Additional
VWAP Purchase Notices to the Investor on an Additional VWAP Purchase Date; , , that the Company may deliver
an Additional VWAP Purchase Notice to the Investor only (i) on a Business Day that is also the VWAP Purchase Date for a VWAP Purchase
with respect to which the Company previously properly submitted to the Investor a VWAP Purchase Notice in accordance with this Agreement,
(ii) if the Depositary has acknowledged the receipt of, and confirmed the processing of, a Depositary Instruction Letter with respect
to all Purchase Shares subject to any prior Additional VWAP Purchases, including