Company: BDRX
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001214659-25-000938
Chunk: 12

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-01-21
Form: 424B3
Chunk 12
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 registered broker-dealer.

(u) “” means, with respect to a Fixed Purchase made pursuant to hereof, the Business Day on which
the Investor receives, after 9:30 a.m., Eastern time, but prior to 11:00 a.m., Eastern time, on such Business Day, a valid Fixed Purchase
Notice for such Fixed Purchase in accordance with this Agreement.

(v) “” means, with respect to any Fixed Purchase pursuant to hereof, an irrevocable written notice
from the Company to the Investor directing the Investor to buy such applicable amount of Purchase Shares at the applicable Fixed Purchase
Price as specified by the Company therein on the applicable Fixed Purchase Date for such Fixed Purchase.

(w) “ Fixed Purchase Price” means, with respect to any Fixed Purchase made pursuant to Section 2(a)hereof, the lesser of ninety-five percent (95%) of: (i) the lowest Sale Price of the Depositary Shares on the Business Day immediately preceding the applicable Fixed Purchase Date for such Fixed Purchase (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 daily VWAP for the Depositary Shares during the five (5) consecutive Business Days ending on the Business Day immediately preceding such Fixed Purchase Date for such Fixed Purchase (in each case, 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 that occurs on or after the date of this Agreement). Notwithstanding the foregoing, in the event that (a) the Investor is the holder of any Depositary Shares on the Fixed Purchase Date that were the subject of a Fixed Purchase Notice for such Fixed Purchase Date, and (b) if within three (3) Business Days immediately following a Fixed Purchase Date, the Company issues or sells any Depositary Shares or Ordinary Share Equivalents (calculated on an as converted, as exercised basis), in each case other than pursuant to an Exempt Issuance, pursuant to which Depositary Shares may be acquired at a per share price less than the Fixed Purchase Price for such Fixed Purchase (the “ New Issuance Price”), then the Fixed Purchase Price related to that subject Fixed Purchase Notice shall be reduced to the New Issuance Price, subject to Section 2(e)(ii)hereof.

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