Company: BDRX
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001214659-25-000933
Chunk: 9

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-21
Form: 424B3
Chunk 9
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 Depositary Shares may be acquired at a New Issuance Price, then
at the option of the Investor, the Additional VWAP Purchase Price related to that subject Additional VWAP Purchase Notice may be reduced
to the New Issuance Price, subject to hereof.

(e) “” means, with respect to an Additional VWAP Purchase made pursuant to hereof,
the number of Purchase Shares directed by the Company to be purchased by the Investor on an Additional VWAP Purchase Notice, which number
of Purchase Shares shall not exceed $2,500,000 of Purchase Shares.

(f) “” means, with respect to an Additional VWAP Purchase made pursuant to hereof,
thirty percent (30%).

(g) “” means, with respect to an Additional VWAP Purchase made pursuant to
hereof, a number of Depositary Shares equal to (i) the number of Purchase Shares specified by the Company in the applicable Additional
VWAP Purchase Notice as the Additional VWAP Purchase Share Amount to be purchased by the Investor in such Additional VWAP Purchase, divided
by (ii) the Additional VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash
dividend, share split, reverse share split, Depositary Share-Ordinary Share ratio change or other similar transaction).

(h) “” means, initially, Thirty-Five Million Dollars ($35,000,000) in the aggregate, which amount shall be reduced by the Purchase
Amount each time the Investor purchases Purchase Shares pursuant to hereof.

(i) “” means Title 11, U.S. Code, or any similar U.S. federal or state law for the relief of debtors.

(j) “” means any day on which (i) the Principal Market is open for trading, including any day on which the Principal Market is
open for trading for a period of time less than the customary time, and (ii) any day except any Saturday, any Sunday, any day which is
a federal legal holiday in the United Kingdom or any day on which banking institutions in London, England are authorized or required by
law or other governmental action to close.

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(k) “” means, for any security as of any date, the last closing sale price on such date for such security on the Principal
Market as reported by the Principal Market (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend,
share split, reverse share split, Depositary Share