Company: BDRX
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001214659-25-000938
Chunk: 18

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-21
Form: 424B3
Chunk 18
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 forth in such Fixed
Purchase Notice exceeds the number of Purchase Shares that the Company is permitted to include in such Fixed Purchase Notice in accordance
herewith, and the Investor shall have no obligation to purchase such excess Purchase Shares in respect of such Fixed Purchase Notice;
, , that the Investor shall remain obligated to purchase the number of Purchase Shares that the Company is
permitted to include in such Fixed Purchase Notice. The Company may deliver a Fixed Purchase Notice to the Investor as often as every
Business Day so long as (i) the Closing Sale Price of the Depositary Shares on the Business Day immediately preceding the Fixed Purchase
Date is not less than the Floor Price and (ii) the Depositary has acknowledged the receipt of, and confirmed the processing of, a Depositary
Instruction Letter with respect to all Purchase Shares subject to any prior Fixed Purchase, or, the Investor has actually received all
of the such Purchase Shares. Notwithstanding the foregoing, the Company shall not deliver any Fixed Purchase Notices to the Investor during
the PEA Period.

(b) . Subject to the terms and conditions of this Agreement, from and after the Commencement Date, until the Maturity Date or
as earlier terminated in accordance with the terms of this Agreement, in addition to Fixed Purchases as described in
above, the Company shall also have the right, but not the obligation, to direct the Investor, by its delivery to the Investor of a VWAP
Purchase Notice from time to time in accordance with this Agreement, to purchase the applicable VWAP Purchase Share Amount at the VWAP
Purchase Price on the VWAP Purchase Date therefor in accordance with this Agreement (each such purchase, a “”).
The Company may deliver a VWAP Purchase Notice to the Investor only (i) on a Fixed Purchase Date on which the Company also properly submitted
a Fixed Purchase Notice providing for a Fixed Purchase of a number of Purchase Shares not less than the Fixed Purchase Share Limit then
in effect on such Fixed Purchase Date in accordance with this Agreement, (ii) if the Closing Sale Price of the Depositary Shares on the
Business Day immediately preceding such VWAP Purchase Date is not less than the Floor Price, and (iii) if the Depositary has acknowledged
the receipt of, and confirmed the processing of, a Depositary Instruction Letter with respect to all Purchase Shares subject to any prior
VWAP Purchase, or, the Investor has actually received all of the such Purchase Shares. If the Company delivers any VWAP Purchase Notice
directing the Investor