Company: BDRX
Filing Date: 2025-05-08
Form Type: POS AM
Source: 0001214659-25-007201
Chunk: 76

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-08
Form: POS AM
Chunk 76
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 and beneficial owners to retrieve or receive the text of such amendment (i.e., upon
retrieval from the SEC’s, the depositary’s or our website or upon request from the depositary).

How may the Deposit 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