Company: BDRX
Filing Date: 2025-01-17
Form Type: F-1
Source: 0001214659-25-000922
Chunk: 229

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-17
Form: F-1
Chunk 229
---
 April 1, 2022.

The Service Agreements also
include a bonus target for Mr. Stamp of 33% of his annual base salary, which bonus is payable upon attainment of objectives as determined
in the subjective judgment of the Board of Directors or a committee thereof, taking into account various factors without any preassigned
weighting. In addition to base salary and bonus, the Service Agreement provides for additional benefits, such as a 10% pension contribution,
life insurance, medical insurance, vacation benefits and any other additional benefits as determined by the Board of Directors from time
to time. In August 2021, we agreed to commute his Company pension contribution of 10% to salary.

Pursuant to the terms of the
Service Agreement, Mr. Stamp has also agreed that, for a period of six months following his termination, he will not directly or indirectly
compete with the Company. The Service Agreement includes provisions related to the non-disclosure of information and assignment of inventions.
Among other things, these provisions prohibit Mr. Stamp from disclosing any of our proprietary and confidential information received during
the course of employment and obligates him to assign to the Company any inventions conceived or developed during the course of his employment.
The Service Agreement also includes customary confidentiality, non-solicitation, non-poaching and non-disparagement provisions.

The Service Agreement also
provides Mr. Stamp with certain payments and/or benefits upon certain terminations of employment. If he is terminated due to his inability
to perform his duties due to illness or other incapacity for a continuous period of three months, or an aggregate period exceeding 100
working days in any period of 12-months, we may, notwithstanding any other provision of the Service Agreement, terminate Mr. Stamp’s
employment upon six months’ written notice. During that period, Mr. Stamp will not be entitled to receive his salary or any bonus
payment, but will be entitled to any benefits owed under the Service Agreement. Further, notwithstanding any notice requirements for termination
set forth in the Service Agreements, we may, at any time and in our absolute discretion, terminate the Service Agreement and provide Mr.
Stamp with a payment in lieu of any required notice. The payment will comprise of his base salary, but will not include any bonus or other
benefits, and shall be subject to any tax or insurance deductions. Notwithstanding the foregoing, we may terminate the Service Agreement
without notice or payment in lieu thereof if Mr. Stamp:

| • | is guilty