Company: NDRA
Filing Date: 2025-11-26
Form Type: 424B4
Source: 0001213900-25-115097
Chunk: 35

Company: ENDRA Life Sciences Inc.
Filing Date: 2025-11-26
Form: 424B4
Chunk 35
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 The address of Benjamin Luke Weil is 250 W. 57th St., Ste 415, New 
 York, NY 10107.                                                                           |

| (9) | Includes (i) 30,442 PIPE Shares and (ii) 60,884                                    
 Common Warrant Shares. The address of Edward Kovary is 111 Hix Ave, Rye, NY 10580. |

| (10) | Represents 400,000 Arca Warrant Shares. Philip Liu is the Chief Legal                                                                      
 Officer of Arca and has the power to vote or dispose of the securities reported herein that are held by Arca. As a result, Arca and Philip 
 Liu may be deemed to have beneficial ownership of the securities reported herein that are held by Arca. The address of Arca Investment     
 Management, LLC is 4551 Glencoe Avenue, Marina del Rey, CA 90292.                                                                          |

| (11) | Represents 8,932 Placement Agent Warrant Shares. David Rosenberg has                                                                        
 the power to vote or dispose of the securities reported herein that are held by Lucid Capital Markets LLC. As a result, Lucid Capital       
 Markets LLC and David Rosenberg may be deemed to have beneficial ownership of the securities reported herein that are held by Lucid Capital 
 Markets. The address of Lucid Capital Markets LLC is 570 Lexington Avenue, 40th Floor, New York, NY 10022.                                  |

| (12) | Represents 8,932 Placement Agent Warrant Shares. The address of David Rosenberg is c/o Lucid Capital                               
 Markets LLC at 570 Lexington Avenue, 40th Floor, New York, NY 10022. Shares reported in this row as beneficially owned by          
 Mr. Rosenberg exclude shares held by Lucid Capital Markets LLC that he may be deemed to beneficially own, as described in footnote 
 11 above.                                                                                                                          |

<div align='center'>18

DIVIDEND POLICY</div>

We have not declared or paid
any cash dividends on our capital stock. We currently intend to retain any future earnings for use in the operation of our business and
do not anticipate paying any dividends on our common stock in the foreseeable future. Any future determination to declare dividends will
be made at the discretion of our board of directors and will depend on our financial condition, operating results, capital requirements,
general business conditions and other factors that our board of directors may deem relevant.

<div align='center'>PLAN OF DISTRIBUTION</div>