Company: BDRX
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001214659-25-000936
Chunk: 56

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-21
Form: 424B3
Chunk 56
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 unable to pay its debts as the
same become due;

(h) a
court of competent jurisdiction enters an order or decree under any Bankruptcy Law that (i) is for relief against the Company in an involuntary
case, (ii) appoints a Custodian of the Company or for all or substantially all of its property, or (iii) orders the liquidation of the
Company for so long as such order, decree or similar action remains in effect;

(i) if
at any time the Company is not eligible to transfer its Depositary Shares electronically as DWAC Shares; or

(j) if
at any time after the Commencement Date, an event has occurred that has had a Material Adverse Effect.

In addition to any other rights and remedies under
applicable law and this Agreement, so long as a Suspension Event has occurred and is continuing, or if any event which, after notice and/or
lapse of time, would become a Suspension Event has occurred and is continuing, the Company shall not deliver to the Investor any Fixed
Purchase Notice, VWAP Purchase Notice or Additional VWAP Purchase Notice until such Suspension Event has been cured or is no longer continuing.
Notwithstanding the foregoing, nothing herein shall be deemed to apply to any notice from any Principal Market received in the future
regarding the Company’s failure to comply with the continued listing standards of such Principal Market, unless and until all compliance
and appeal periods for such failure have lapsed or expired.

11. TERMINATION

This Agreement may be terminated
only as follows:

(a) If
pursuant to or within the meaning of any Bankruptcy Law, the Company commences a voluntary case or any Person commences a proceeding against
the Company which is not discharged within 90 days, a Custodian is appointed for the Company or for all or substantially all of its property,
or the Company makes a general assignment for the benefit of its creditors (any of which would be a Suspension Event as described in , and hereof), this Agreement shall automatically terminate without any liability or payment to the
Company (except as set forth below) without further action or notice by any Person.

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(b) In
the event that (i) the Company fails to file the Registration Statement with the SEC within the period specified in
hereof in accordance with the terms of the Registration Rights Agreement or (ii) the Commencement shall not have occurred on or before
the one year anniversary of the Execution Date, due to the failure to