Company: BDRX
Filing Date: 2025-05-01
Form Type: DRS
Source: 0001214659-25-006756
Chunk: 91

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-01
Form: DRS
Chunk 91
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registered in your name on the books of the depositary, you are a ADR holder. This description assumes you hold your Depositary Shares
directly. If you hold the Depositary Shares through your broker or financial institution nominee, you must rely on the procedures of such
broker or financial institution to assert the rights of an ADR holder described in this section. You should consult with your broker or
financial institution to find out what those procedures are.

As an ADR holder or beneficial owner, we
will not treat you as a shareholder of ours and you will not have any shareholder rights. The laws of England and Wales govern shareholder
rights. Because the depositary or its nominee will be the shareholder of record for the Ordinary Share represented by all outstanding
Depositary Shares, shareholder rights rest with such record holder. Your rights are those of an ADR holder or of a beneficial owner. Such
rights derive from the terms of the Deposit Agreement to be entered into among us, the depositary and all holders and beneficial owners
from time to time of ADRs issued under the Deposit Agreement and, in the case of a beneficial owner, from the arrangements between the
beneficial owner and the holder of the corresponding ADRs. The obligations of our Company and the depositary and its agents are also set
out in the Deposit Agreement. Because the depositary or its nominee will actually be the registered owner of the Ordinary Shares, you
must rely on it to exercise the rights of a shareholder on your behalf.

The Deposit Agreement, the ADRs and the
Depositary Shares are governed by the internal laws of the State of New York without giving effect to the application of the conflict
of law principles thereof. Under the Deposit Agreement, as an ADR holder or a beneficial owner of Depositary Shares, you agree that any
legal suit, action or proceeding against or involving us or the depositary, arising out of or based upon the Deposit Agreement, the Depositary
Shares, the ADRs or the transactions contemplated thereby, may only be instituted in the United States District Court for the Southern
District of New York (or, in certain cases, the state courts of New York County, New York), and you irrevocably waive any objection which
you may have to the laying of venue of any such proceeding and irrevocably submit to the exclusive jurisdiction of such courts in any
such suit, action or proceeding.

The following is a summary of what we believe
to be the material terms