Company: BDRX
Filing Date: 2025-05-01
Form Type: DRS
Source: 0001214659-25-006756
Chunk: 89

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-01
Form: DRS
Chunk 89
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 In addition, under Delaware law, when the board of directors                                                                                 
 of a Delaware corporation approves the sale or break-up of a corporation, the board of directors may, in certain circumstances, have a       
 duty to obtain the highest value reasonably available to the shareholders.                                                                   |
| Stockholder Suits   |     | Under English law, generally, the company, rather than its shareholders, is the proper claimant in an action in respect of a wrong done to the company or where there is an irregularity in the company’s internal management. Notwithstanding this general position, the Companies Act provides that (i) a court may allow a shareholder to bring a derivative claim (that is, an action in respect of and on behalf of the company) in respect of a cause of action arising from a director’s negligence, default, breach of duty or breach of trust and (ii) a shareholder may bring a claim for a court order where the company’s affairs have been or are being conducted in a manner that is unfairly prejudicial to some of its shareholders. |     | Under Delaware law, a stockholder may initiate a derivative                                                                                  
 action to enforce a right of a corporation if the corporation fails to enforce the right itself. The complaint must:                         
 ·     state that the plaintiff                                                                                                               
 was a stockholder at the time of the transaction of which the plaintiff complains or that the plaintiffs shares thereafter devolved on       
 the plaintiff by operation of law; and                                                                                                       
 ·     allege with particularity                                                                                                              
 the efforts made by the plaintiff to obtain the action the plaintiff desires from the directors and the reasons for the plaintiff’s          
 failure to obtain the action; or                                                                                                             
 ·     state the reasons for not making the effort.                                                                                           
 Additionally, the plaintiff must remain a stockholder through                                                                                
 the duration of the derivative suit. The action will not be dismissed or compromised without the approval of the Delaware Court of Chancery. |

| 54 |

<div align='center'>DESCRIPTION OF AMERICAN DEPOSITARY SHARES</div>

Our Depositary Shares are deposited pursuant
to the Second Amended and Restated Deposit Agreement dated December 18, 2023, among the Company, JPMorgan Chase Bank, N.A., as depositary,
ands holders and beneficial owners of American Depositary Receipts, or the Deposit Agreement. The depositary registers and delivers the
Depositary Shares. Each Depositary Share represents ownership of 10,000 Ordinary Shares that we will deposit with the custodian, as agent