Company: BDRX
Filing Date: 2025-05-01
Form Type: DRS
Source: 0001214659-25-006756
Chunk: 107

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-01
Form: DRS
Chunk 107
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 of them harmless from, any claims by any governmental authority with respect to taxes, additions
to tax, penalties or interest arising out of any refund of taxes, reduced rate of withholding at source or other tax benefit obtained,
which obligations shall survive any transfer or surrender of Depositary Shares or the termination of the Deposit Agreement.

Reclassifications, Recapitalizations and Mergers

If we take certain actions that affect the
deposited securities, including (i) any change in par value, split-up, consolidation, cancellation or other reclassification of deposited
securities or (ii) any distributions of Ordinary Shares or other property not made to holders of ADRs or (iii) any recapitalization, reorganization,
merger, consolidation, liquidation, receivership, bankruptcy or sale of all or substantially all of our assets, then the depositary may
choose to, and shall if reasonably requested by us:

| · | amend the form of ADR; |

| · | distribute additional or amended ADRs; |

| · | distribute cash, securities or other property it has received in connection with such actions; |

| · | sell by public or private sale any securities or property received and distribute the proceeds as cash; 
 or                                                                                                      |

| · | none of the above. |

If the depositary does not choose any of the above options,
any of the cash, securities or other property it receives will constitute part of the deposited securities and each Depositary Share will
then represent a proportionate interest in such property.

Amendment and Termination

How may the Deposit Agreement be amended?

We may agree with the depositary to amend
the Deposit Agreement and the Depositary Shares without your consent for any reason. ADR holders must be given at least thirty (30) days’
notice of any amendment that imposes or increases any fees on a per Depositary Share basis, charges or expenses (other than stock transfer
or other taxes and other governmental charges, transfer or registration fees, a transaction fee per cancellation request (including any
cancellation request made through SWIFT, facsimile transmission or any other method of communication), applicable delivery expenses or
other such fees, charges or expenses), or otherwise prejudices any substantial existing right of ADR holders or beneficial owners. Such
notice need not describe in detail the specific amendments effectuated thereby, but must identify to ADR holders and beneficial owners
a means to access the text of such amendment. If an ADR holder or beneficial owner continues to hold an