Company: BDRX
Filing Date: 2025-04-29
Form Type: POS AM
Source: 0001214659-25-006581
Chunk: 110

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-04-29
Form: POS AM
Chunk 110
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 the
United Kingdom of Great Britain and Northern Ireland and the Government of the United States of America for the Avoidance of Double Taxation
and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital Gains of 2001, as amended (referred to below as the
United States-U.K. Treaty), all as in effect on the date hereof, and all of which are subject to change, possibly with retroactive effect.

For purposes of this discussion,
the term “United States holder” means a holder of our Ordinary Shares or Depositary Shares that is, for United States federal
income tax purposes:

| · | an individual who is a citizen or resident of the United States; |

| · | a corporation or other entity taxable as a corporation that is created or organized in the United States 
 or under the laws of the United States or any state thereof or the District of Columbia;                 |

| 69 |

| · | an estate the income of which is subject to United States federal income taxation regardless of its source; 
 or                                                                                                          |

| · | any trust if (a) a court within the United States is able to exercise primary supervision over the administration                          
 of the trust and one or more United States persons have the authority to control all substantial decisions of the trust, or (b) such trust 
 has a valid election in effect under applicable United States Treasury regulations to be treated as a United States person.                |

This summary addresses only
the United States federal income tax considerations for United States holders that acquire and hold the Depositary Shares as capital assets
within the meaning of Section 1221 of the Code (generally, property held for investment). This discussion does not address all aspects
of United States federal income taxation that may be relevant to a holder in light of its particular circumstances, or that may apply
to holders that are subject to special treatment under the United States federal income tax laws (including, for example, banks, financial
institutions, underwriters, insurance companies, dealers in securities or foreign currencies, traders in securities who elect the mark-to-market
method of accounting for their securities, persons subject to the alternative minimum tax, persons that have a functional currency other
than the United States dollar, tax-exempt organizations (including private foundations), mutual funds, subchapter S corporations, partnerships
or other pass-through entities for United States federal income tax purposes, certain expatriates, corporations that accumulate earnings
to avoid United States federal income tax, persons who hold Deposit