Company: BDRX
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001214659-25-000934
Chunk: 17

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-21
Form: 424B3
Chunk 17
---
of, the number of Purchase Shares
directed by the Company to be purchased by the Investor in a VWAP Purchase Notice, which number of Purchase Shares shall not exceed $2,500,000
of Purchase Shares.

(ss) “” means, with respect to a VWAP Purchase made pursuant to hereof, thirty percent (30%).

(tt) “” means, with respect to a 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 VWAP Purchase Notice as the VWAP Purchase
Share Amount to be purchased by the Investor in such VWAP Purchase, divided by (ii) the 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).

2. PURCHASE OF DEPOSITARY SHARES.

Subject to the terms and conditions
set forth in this Agreement, the Company has the right, but not the obligation, to sell to the Investor, in the Company’s sole and
absolute discretion, and the Investor has the obligation to purchase from the Company, Purchase Shares as follows:

| -7- |

(a) . Upon the satisfaction of all of the conditions set forth in and hereof
(the “” and the date of satisfaction of such conditions the “”) and
thereafter, until the Maturity Date or as earlier terminated in accordance with the terms of this Agreement, the Company shall have the
right, but not the obligation, to direct the Investor, by its delivery to the Investor of a Fixed Purchase Notice from time to time in
accordance with this Agreement, to purchase the applicable Purchase Shares at the Fixed Purchase Price on the Fixed Purchase Date therefor
in accordance with this Agreement (each such purchase, a “”); , that the
Investor’s committed obligation under any Fixed Purchase, and in the aggregate of Fixed Purchases, shall not exceed $200,000 of
Depositary Shares on any single Business Day, subject to adjustment as set forth below in this (such maximum number
of Purchase Shares, as may be adjusted from time to time, the “”). If the Company delivers
any Fixed Purchase Notice for a Purchase Amount in excess of the limitations contained in the immediately preceding sentence, such Fixed
Purchase Notice shall be void ab initio to the extent of the amount by which the number of Purchase Shares set