Company: BDRX
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001214659-25-000936
Chunk: 16

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-21
Form: 424B3
Chunk 16
---
 a VWAP Purchase made pursuant to hereof, eighty-five
percent (85%) of the Closing Sale Price of the Depositary Shares on the Business Day immediately preceding the applicable Fixed Purchase
Date with respect to the corresponding Fixed Purchase referred to in clause (i) of the second sentence of hereof.

(pp) “” means, with respect to a VWAP Purchase made pursuant to hereof, an irrevocable written notice from
the Company to the Investor directing the Investor to purchase the number of Purchase Shares specified by the Company therein as the VWAP
Purchase Share Amount to be purchased by the Investor (such specified VWAP Purchase Share Amount subject to adjustment in accordance with
hereof as necessary to give effect to the Purchase Share amount limitations applicable to such VWAP Purchase Share
Amount as set forth in this Agreement) at the applicable VWAP Purchase Price on the applicable VWAP Purchase Date for such VWAP Purchase.

| -6- |

(qq) “” means, with respect to a VWAP Purchase made pursuant to hereof, the lesser of ninety-five percent
(95%) of (i) the Closing Sale Price of Depositary Shares on the Business Day immediately preceding such applicable VWAP Purchase Date
(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); and (ii) the VWAP for the period beginning at 9:30:01 a.m., Eastern time,
on the applicable VWAP Purchase Date, or such other time publicly announced by the Principal Market as the official open (or commencement)
of trading on the Principal Market on such applicable VWAP Purchase Date (the “”), and
ending at the earliest of (A) 11:00:00 a.m., Eastern time, on such applicable VWAP Purchase Date, (B) such time, from and after the VWAP
Purchase Commencement Time for such VWAP Purchase, that the total number (or volume) of Depositary Shares traded on the Principal Market
has exceeded the applicable VWAP Purchase Share Volume Maximum, and (C) such time, from and after the VWAP Purchase Commencement Time
for such VWAP Purchase, that the Sale Price has fallen below the applicable VWAP Purchase Minimum Price Threshold (such earliest time
described in (ii)(A), (ii)(B) and (ii)(C) above, the “”). Notwithstanding the foregoing,
in