Company: BDRX
Filing Date: 2025-05-08
Form Type: POS AM
Source: 0001214659-25-007201
Chunk: 74

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-05-08
Form: POS AM
Chunk 74
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 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; |

| · | distribute additional or amended ADRs; |

| · | distribute cash, securities or other property it has received in connection with such actions; |

| · | sell by public or private sale any securities or property received and distribute the proceeds as cash; 
 or                                                                                                      |

| · | none of the above. |

If the depositary does not choose any of the above options,
any of the cash, securities or other property it receives will constitute part of the deposited securities and each Depositary Share will
then represent a proportionate interest in such property.

Amendment and Termination

How may the Deposit Agreement be amended?

We may agree with
the depositary to amend the Deposit Agreement and the Depositary Shares without your consent for any reason. ADR holders must be given
at least thirty (30) days’ notice of any amendment that imposes or increases any fees on a per Depositary Share basis, charges or
expenses (other than stock transfer