Company: BDRX
Filing Date: 2025-11-17
Form Type: POS AM
Source: 0001214659-25-016826
Chunk: 82

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: POS AM
Chunk 82
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| 43 |

The Deposit Agreement expressly
limits the obligations and liability of the depositary, the depositary’s custodian or ourselves and each of our and their respective
directors, officers, employees, agents and affiliates, provided, however, that no provision of the Deposit Agreement is intended to constitute
a waiver or limitation of any rights that ADR holders or beneficial owners may have under the Securities Act or the Securities Exchange
Act of 1934, to the extent applicable. The Deposit Agreement provides that each of us, the depositary and our respective directors, officers,
employees, agents and affiliates will:

| · | incur                                                                                             
 or assume no liability (including, without limitation, to ADR holders or beneficial owners)       
 if any present or future law, rule, regulation, fiat, order or decree of the United States,       
 England, Wales or any other country or jurisdiction, or of any governmental or regulatory         
 authority or any securities exchange or market or automated quotation system, the provisions      
 of or governing any Deposited Securities, any present or future provision of the Company’s        
 charter, any act of God, war, terrorism, epidemic, pandemic, nationalization, expropriation,      
 currency restrictions, extraordinary market conditions, work stoppage, strike, civil unrest,      
 revolutions, rebellions, explosions, cyber, ransomware or malware attack, computer failure        
 or circumstance our, the depositary’s or our respective directors’, officers’,                    
 employees’, agents’ or affiliates’ direct and immediate control shall prevent                     
 or delay, or shall cause any of them to be subject to any civil or criminal penalty in connection 
 with, any act which the Deposit Agreement or the ADRs provide shall be done or performed          
 by any such party (including, without limitation, voting);                                        |

| · | incur                                                                                           
 or assume no liability (including, without limitation, to ADR holders or beneficial owners)     
 by reason of any nonperformance or delay, caused as aforesaid, in the performance of any        
 act or things which by the terms of the Deposit Agreement it is provided shall or may be        
 done or performed or any exercise or failure to exercise discretion under the Deposit Agreement 
 or the ADRs including, without limitation, any failure to determine that any distribution       
 or action may be lawful or reasonably practicable;                                              |

| · | incur or assume no liability (including, without limitation, to holders or beneficial owners) if it performs             
 its obligations specifically set forth in the Deposit Agreement and A