Company: BDRX
Filing Date: 2025-05-12
Form Type: 424B3
Source: 0001214659-25-007341
Chunk: 71

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-12
Form: 424B3
Chunk 71
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ary may (i) deduct the amount thereof from any cash distributions, or (ii) sell deposited securities (by
public or private sale) and deduct the amount owing from the net proceeds of such sale. In either case, the ADR holder remains liable
for any shortfall. If any tax or governmental charge is unpaid, the depositary may also refuse to effect any registration, registration
of transfer, split-up or combination of ADRs or withdrawal of deposited securities until such payment is made. If any tax or governmental
charge is required to be withheld on any cash distribution, the depositary may deduct the amount required to be withheld from any cash
distribution or, in the case of a non-cash distribution, sell the distributed property or securities (by public or private sale) in such
amounts and in such manner as the depositary deems necessary and practicable to pay such taxes and distribute any remaining net proceeds
or the balance of any such property after deduction of such taxes to the ADR holders entitled thereto. Neither we nor the depositary nor
any of our or its respective agents, shall be liable to ADR holders or beneficial owners of the Depositary Shares for failure of any of
them to comply with applicable tax laws, rules and/or regulations.

| 51 |

As an ADR holder or beneficial owner, you
will be agreeing to indemnify us, the depositary, its custodian and any of our or their respective officers, directors, employees, agents
and affiliates against, and hold each of them harmless from, any claims by any governmental authority with respect to taxes, additions
to tax, penalties or interest arising out of any refund of taxes, reduced rate of withholding at source or other tax benefit obtained,
which obligations shall survive any transfer or surrender of Depositary Shares or the termination of the Deposit Agreement.

Reclassifications, Recapitalizations and Mergers

If we take certain actions that affect the
deposited securities, including (i) any change in par value, split-up, consolidation, cancellation or other reclassification of deposited
securities or (ii) any distributions of Ordinary Shares or other property not made to holders of ADRs or (iii) any recapitalization, reorganization,
merger, consolidation, liquidation, receivership, bankruptcy or sale of all or substantially all of our assets, then the depositary may
choose to, and shall if reasonably requested by us:

| · | amend the form of ADR; |

| ·