Company: BDRX
Filing Date: 2025-11-17
Form Type: POS AM
Source: 0001214659-25-016809
Chunk: 48

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: POS AM
Chunk 48
---
 Over-the-Counter Bulletin Board,
then the Company or any successor entity will pay at the holder’s option, exercisable at any time concurrently with or within 30
days after the consummation of the fundamental transaction, an amount of cash equal to the value of the warrant as determined in accordance
with the Black Scholes option pricing model.

Transferability. Each warrant
and all rights thereunder are transferable, in whole or in part, upon surrender of the warrant, together with a written assignment of
the warrant subject to applicable securities laws; provided, however, that the Warrant Agent Warrants are subject to certain FINRA transfer
restrictions. We do not intend to apply for listing of the warrants on any securities exchange or other trading system.

No Rights as Shareholder Until Exercise.Except as set forth in the warrants, the holders of the warrants do not have any voting rights, dividends or other rights as a holder of our capital stock until they exercise the warrants.

| 26 |

Articles of Association

Shares and Rights Attaching to Them

Objects

There are no restrictions on the objects
of our Company.

Share Rights

Subject to the Companies Act and any
special rights attaching to shares already in issue, our shares may be issued with or have attached to them any preferred, deferred or
other special rights or privileges or be subject to such restrictions as we may resolve by ordinary resolution of the shareholders or
decision of our board.

Voting Rights

Without prejudice to any rights or restrictions as to voting rights attached to any shares forming part of our share capital from time to time, the voting rights attaching to shares are as follows:

| · | on a show of hands every shareholder who is present in person and                                                 
 each duly authorized representative present in person of a shareholder that is a corporation shall have one vote; |

| · | on a show of hands, each proxy present in person has one vote for and one vote against a resolution if                                
 the proxy has been duly appointed by more than one shareholder and the proxy has been instructed by one or more of those shareholders 
 to vote for the resolution and by one or more other of those shareholders to vote against it;                                         |

| · | on a show of hands, each proxy present in person has one vote for                                                                               
 and one vote against a resolution if the proxy has been duly appointed by more than one shareholder entitled to vote on the resolution          
 and either: (1) the proxy has been instructed by one or more of those shareholders to vote for the resolution