Company: BDRX
Filing Date: 2025-11-17
Form Type: POS AM
Source: 0001214659-25-016809
Chunk: 85

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: POS AM
Chunk 85
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 no consideration and irrespective of whether
we haves complied with the immediately preceding sentence, the depositary shall notify ADR holders that their Depositary Shares have been
cancelled with no consideration being payable to such ADR holders.

Upon the depositary's compliance with
the provisions of any of the above three paragraphs, the depositary and its agents shall be discharged from all, and cease to have any,
obligations under the Deposit Agreement and the ADRs.

If our Ordinary Shares are listed and publicly
traded on a securities exchange and the depositary believes that it is able, permissible and practicable to sell the deposited securities
without undue effort, then the depositary may endeavor to publicly or privately sell (as long as it may lawfully do so) the deposited
securities, which sale may be effected in a block sale/single lot transaction and, after the settlement of such sale(s), to the extent
legally permissible and practicable, distribute or hold in an account (which may be a segregated or unsegregated account) the net proceeds
of such sale(s), less any amounts owing to the depositary (including, without limitation, cancellation fees), together with any other
cash then held by it under the Deposit Agreement, in trust, without liability for interest, for the pro rata benefit of the holders entitled
thereto. After making such sale, the depositary shall be discharged from all obligations in respect of the Deposit Agreement and the ADRs,
except to account for such net proceeds and other cash.

Limitations on Obligations and Liability

Limits on our obligations and the obligations of the depositary; limits on liability to ADR holders, beneficial owners and others

Prior to the issue, registration, registration
of transfer, split-up, combination, or cancellation of any ADRs, or the delivery of any distribution in respect thereof, and from time
to time in the case of the production of proofs as described below, we or the depositary or its custodian may require:

| · | payment with respect thereto of (i) any stock transfer or other tax or other governmental charge, (ii)                                    
 any stock transfer or registration fees in effect for the registration of transfers of Ordinary Shares or other deposited securities upon 
 any applicable register and (iii) any applicable fees and expenses described in the Deposit Agreement;                                    |

| · | the production of proof satisfactory to it of (i) the identity of any signatory and genuineness of any                                        
 signature and (ii)