Company: BDRX
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001214659-25-000936
Chunk: 12

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-21
Form: 424B3
Chunk 12
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 referred to in this clause (iv) have not been amended since the date of this Agreement to increase the number
of such securities or to decrease the exercise price, exchange price or conversion price of such securities, (v) securities issued pursuant
to acquisitions, divestitures, licenses, partnerships, collaborations or strategic transactions approved by the Company’s Board
of Directors or a majority of the members of a committee of directors established for such purpose, (vi) Depositary Shares issued pursuant
to the Company’s employee share purchase plan or (vii) securities issued by the Company by any method deemed to be an “at
the market offering” as defined in Rule 415(a)(4) under the Securities Act, exclusively through a registered broker-dealer, as the
Company’s sales agent, pursuant to one or more written agreements between the Company and such registered broker-dealer.

(u) “” means, with respect to a Fixed Purchase made pursuant to hereof, the Business Day on which
the Investor receives, after 9:30 a.m., Eastern time, but prior to 11:00 a.m., Eastern time, on such Business Day, a valid Fixed Purchase
Notice for such Fixed Purchase in accordance with this Agreement.

(v) “” means, with respect to any Fixed Purchase pursuant to hereof, an irrevocable written notice
from the Company to the Investor directing the Investor to buy such applicable amount of Purchase Shares at the applicable Fixed Purchase
Price as specified by the Company therein on the applicable Fixed Purchase Date for such Fixed Purchase.

(w) “ Fixed Purchase Price” means, with respect to any Fixed Purchase made pursuant to Section 2(a)hereof, the lesser of ninety-five percent (95%) of: (i) the lowest Sale Price of the Depositary Shares on the Business Day immediately preceding the applicable Fixed Purchase Date for such Fixed Purchase (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, share split, reverse share split, Depositary Share-Ordinary Share ratio change or other similar transaction); and (ii) the daily VWAP for the Depositary Shares during the five (5) consecutive Business Days ending on the Business Day immediately preceding such Fixed Purchase Date for such Fixed Purchase (in each case, to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, share split, reverse share split, Depositary Share-Ordinary Share ratio change or other similar transaction that occurs on or after the date of this Agreement).